86% of S&P 500 Firms Beat Q2 Earnings Estimates, Fueling Record Stock Run

With more than 75% of S&P 500 companies having reported, 86% exceeded Wall Street's Q2 2026 earnings estimates, per the Wall Street Journal. That's well above the 70–75% historical norm. The result puts the index on track for another quarter of double-digit earnings growth and helped drive the S&P 500 to a record 7,737 close on August 4.