Understand what drives the S&P 500
Every quarter, the biggest companies in the market tell you what's really happening — in their earnings calls. We read them so you don't have to. Below: a sector-by-sector synthesis of the latest S&P 500 earnings calls — who beat, who missed, and the themes moving each sector.
Last updated August 31, 2026 · rolling 90-day window · 11 GICS sectors
Communication Services
The Communication Services sector demonstrated robust performance this quarter, with an impressive 80% of companies beating expectations. A dominant theme across the sector was the…
Consumer Discretionary
The Consumer Discretionary sector exhibited a mixed performance in the latest quarter, driven by diverging demand trends and operational efficiencies among key players. Darden Rest…
Consumer Staples
The Consumer Staples sector exhibited resilience this quarter, driven by strong demand trends and strategic pricing initiatives, despite facing inflationary pressures and mixed con…
Energy
The energy sector demonstrated remarkable resilience this quarter, with all five companies reporting earnings beats, driven by strong operational performance, strategic partnership…
Financials
The financial sector experienced a remarkably strong quarter, with all reporting companies beating expectations, driven primarily by robust revenue growth, strong loan demand, and
Health Care
The healthcare sector exhibited a mixed performance this quarter, driven by strong demand for innovative treatments and strategic acquisitions, alongside challenges in specific seg…
Industrials
The industrials sector experienced a robust quarter, with all five reporting companies beating earnings expectations, driven by strong demand trends, effective cost management, and…
Information Technology
The Information Technology sector exhibited remarkable strength in the last quarter, with all eight companies reporting earnings beats, underscoring robust demand driven primarily
Materials
The Materials sector exhibited mixed results in Q2 2026, driven by divergent demand trends, pricing pressures, and strategic shifts among key players. A prominent theme was the foc…
Real Estate
The Real Estate sector showcased robust performance in the latest quarter, with 77% of companies beating earnings expectations. Key themes driving this success include strong deman…
Utilities
The utilities sector exhibited robust performance in the last quarter, with an impressive 84% of companies beating earnings expectations. Key themes driving this success include st…