S&P 500 Annual Earnings, Revenue Growth Slows From Last Week, Oppenheimer Says

11:47 AM EDT, 08/24/2026 (MT Newswires) -- S&P 500 companies' second-quarter earnings and revenue growth eased week over week as the reporting season begins to wind down, Oppenheimer Asset Management said Monday. A total of 467 companies, reflecting 94% of the index, have reported quarterly results, with nearly 50% showing year-over-year profit growth, down slightly from about 51% last week. Revenue growth slowed to 14.1% from 14.7%. Ahead of the reporting cycle, FactSet put analysts' earnings growth estimate at 23.6% from a year earlier, according to the Oppenheimer report. Energy continued to lead all sectors with 147% earnings growth while communication services grew 114%, according to the report. Healthcare was the only sector that declined, Oppenheimer added. Nine out of 11 sectors reported earnings growth in double digits or higher. Energy remained on top in terms of revenue growth, at 42% followed by technology and financials. Strong second-quarter results and data including the Conference Board's Leading Economic Index that rebounded in July helped offset negative sentiment, Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said in a note to clients. "That said, key stateside stock indexes slipped last week across sectors, market capitalizations, and style." The Nasdaq Composite, the S&P 500, and the Dow Jones Industrial declined 2.1%, 1.4%, and 0.9% last week, respectively. "In our view, the courage of an investor's convictions, a tolerance for risk, an appetite for opportunity along with right-sized expectations are key to navigating through periods of transition," Stoltzfus wrote. Another 18 S&P 500 companies are scheduled to report earnings this week, including technology bellwether Nvidia (NVDA), CrowdStrike (CRWD), Salesforce (CRM) and Marvell Technology (MRVL). Price: 209.27, Change: -5.45, Percent Change: -2.54