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 July 13, 2026 · rolling 90-day window · 11 GICS sectors
Communication Services
The Communication Services sector exhibited robust performance this quarter, with 90% of companies beating expectations, driven by strong demand trends, strategic investments in te…
Consumer Discretionary
The Consumer Discretionary sector exhibited a mixed performance in the latest quarter, driven by varying demand trends and macroeconomic pressures. A dominant theme was the resilie…
Consumer Staples
The Consumer Staples sector demonstrated resilience this quarter, driven by strong demand trends and strategic pricing initiatives. Notably, companies like Costco and Walmart repor…
Energy
The energy sector exhibited robust performance in Q2 2026, with an impressive 91% of companies beating earnings expectations. Key themes driving this success included strong operat…
Financials
The financial sector exhibited robust performance in the last quarter, with 86% of companies beating earnings expectations, driven by strong demand across various segments, strateg…
Health Care
In the latest quarter, the Health Care sector exhibited robust growth, with 78% of S&P 500 companies beating earnings expectations. Key themes driving this performance included str…
Industrials
The industrials sector showcased robust performance in the latest quarter, with approximately 78% of companies exceeding earnings expectations, driven by strong demand dynamics, st…
Information Technology
The Information Technology sector demonstrated remarkable resilience in Q3 2026, with an impressive 88% of companies reporting earnings that beat expectations. Central to this perf…
Materials
The Materials sector demonstrated resilience in Q2 2026, with 69% of companies beating earnings expectations, driven primarily by strong demand across various sub-sectors and effec…
Real Estate
The real estate sector exhibited robust performance in Q1 2026, with 79% of companies beating earnings expectations, driven by strong demand dynamics and strategic growth initiativ…
Utilities
The utilities sector demonstrated robust performance in the first quarter of 2026, with 85% of companies beating earnings expectations. Key themes driving this growth include stron…