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S&P 500 earnings growth in H1 2026 driven mainly by tech, energy, and materials sectors.

Company Fundamentals
01 Jul 2026
Seeking Alpha
View Source
Neutral
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In the first half of 2026, the S&P 500 saw strong overall gains, but earnings growth was concentrated mainly in Information Technology, Energy, and Materials sectors. Energy and Materials profit surges are likely temporary due to commodity price spikes linked to the Iran conflict, while only Information Technology shows signs of sustainable growth. Despite impressive market gains, the broader earnings growth across most sectors remains modest, indicating that the profit strength is less widespread than it appears. Investors should be cautious about expecting broad-based earnings growth beyond these key sectors.

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