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 10, 2026 · rolling 90-day window · 11 GICS sectors
Communication Services
The Communication Services sector exhibited robust performance this quarter, with 88% of companies reporting earnings beats. A dominant theme was the strong demand for digital and
Consumer Discretionary
The Consumer Discretionary sector exhibited a mixed performance in the latest quarter, driven by divergent demand trends, pricing pressures, and cautious guidance from several key
Consumer Staples
The Consumer Staples sector demonstrated resilience in the latest quarter, driven by strong demand trends and strategic pricing initiatives. Notably, companies such as PepsiCo and
Energy
The energy sector exhibited robust performance this quarter, with an impressive 92% of companies beating earnings expectations. A key theme driving this success was the favorable p…
Financials
The Financials sector exhibited robust performance in Q2 2026, with an impressive 83% of companies beating earnings expectations. Key themes driving this momentum included strong l…
Health Care
The Health Care sector exhibited robust performance in the second quarter of 2026, with 72% of companies beating earnings expectations. Key themes driving this quarter included str…
Industrials
The industrials sector showcased robust performance this quarter, with 77% of companies beating earnings expectations, reflecting strong demand trends and effective operational str…
Information Technology
The Information Technology sector exhibited remarkable resilience in the last quarter, driven primarily by robust demand for AI-related products and services, alongside strategic s…
Materials
The materials sector exhibited a mixed performance this quarter, driven primarily by demand dynamics, pricing pressures, and strategic positioning among key players. A notable them…
Real Estate
The real estate sector exhibited robust performance this quarter, with an impressive 85% of companies beating earnings expectations. Key themes driving this success include strong
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…