R2000 1Q26 YoY earnings are up 21% (up from 17% last week) versus 1.5% expectations (for the 55% of companies reporting). Top line growth surged to 10% YoY (up from 6.6% last week) artificially driven in part by Gold.com (former A-Mark) whose quarterly revenues surged to $10B from $3B last year. Ex-GOLD, 1Q26 sales growth is a still strong 8.1% YoY pushed upward last week by companies reporting like OSCR, BTSG, STRL, FN, ALHC, RUN, MCY, GVA, VVX and ENSG. 67% of companies are beating earnings expectations (down from 72% last week) while 66% are beating top line estimates (vs. 64% last week). Ex-Fins, earnings are much stronger than last week, up 12.5% (vs -2.3% last week) vs -8.8% expectations. Blended expectations (reported & expected) are for 19% earnings growth. Given earnings beats trends, 20+% growth is possible though only 15% of the index’ 1Q26 overall expected profits and a third of its expected losses are in the “yet-to-report” 45% of companies.