The S&P 500’s earnings for Q2 have shown a notable increase, with total earnings up 11.6% year-over-year, supported by a 5.8% rise in revenues. Out of 457 companies that reported, 80.5% exceeded EPS estimates and 78.8% surpassed revenue expectations. For the overall S&P 500, earnings expectations for Q2 are projected to rise by 12.0%, alongside a revenue increase of 6.0%.
Looking ahead to Q3 2025, earnings are anticipated to grow by 4.8%, with revenue expected to rise by 5.4%. Estimates have been steadily increasing across several sectors, particularly in Finance, Tech, and Energy, while sectors like Medical and Basic Materials face downward pressures. The positives in the estimates for Q3 are particularly evident among major companies such as Meta and Alphabet, which are both expected to report significant growth.
