As of August 8, 2023, 455 S&P 500 companies, or 91% of the index, have reported Q2 earnings, revealing a total earnings increase of 11.6% year-over-year, along with a 5.9% rise in revenue. The earnings-per-share (EPS) beat rate was 80.4%, and 79.1% exceeded revenue estimates. This performance marks a significant improvement compared to previous quarters.
Q2 earnings are expected to reach a record $582 billion, surpassing the previous high of $573.6 billion from Q4 2024. In the current quarter, overall earnings growth for the S&P 500 is projected at 12.1% with 6.2% higher revenues. Notably, the Tech sector is forecasted to see a 10.4% earnings growth for Q3 2025.
In summary, the positive revision trends, especially within the Tech sector, indicate an improving outlook for upcoming quarters.
