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S&P 500 Q2 2026 Blended Earnings Growth Reaches 24.7% — Magnificent 7 Up 31.1% as 90% of Early Reporters Beat Estimates

The blended earnings growth rate for the S&P 500 in Q2 2026 stands at 24.7% — above the 23.3% estimate at the end of the quarter — with 90% of the roughly 50 companies that have reported so far exceeding analyst expectations. The Magnificent 7 are on pace for 31.1% collective earnings growth, outpacing the broader index by roughly 6 percentage points. Full-year 2026 earnings growth is now estimated at 24.5%, with 2027 estimated at 17.5%.