Earnings Desk · 2026

S&P 500 Earnings Outlook

Analyst estimates and Goldman's upgraded year-end target for the index

Goldman Target: 8,000
+23.1%
S&P 500 EPS Growth
Q2 2026 estimate · FactSet
FactSet's bottom-up consensus points to broad-based Q2 earnings acceleration, led by tech and AI-linked capex spending across sectors.
+22%
EPS Growth Forecast
Goldman Sachs estimate · YoY
Goldman's year-over-year forecast reflects confidence in margin expansion and resilient corporate earnings despite macro headwinds.
8,000
GS Year-End S&P Target
Raised from 7,600 in May 2026
Goldman lifted its year-end target as earnings momentum and easing rate expectations combined to support a higher multiple on the index.