Early 2Q26 Earnings Show Continued Small-Cap Acceleration

July 31, 2026

Early 2Q26 Earnings Show Continued Small-Cap Acceleration

R2000 2Q26 YoY earnings are up 36% versus 32% expectations (for the 23% of companies reporting).  Top line growth is up 11% YoY, so far showing the expected acceleration from last quarter’s 7%.  69% of companies are beating earnings expectations (up from 63% observed last quarter) while 67% are beating top line estimates (vs. 64% last quarter).  Ex-Fins, earnings are up 18% (vs 9% expectations) though over half the companies reporting are Fins.