R2000 1Q26 YoY earnings are up 17% versus 14.9% expectations (for the 25% of companies reporting). Top line growth is up 6.6% YoY, so far showing the expected acceleration from last quarter’s 5.9%. 72% of companies, led by Tech’s 84%, are beating earnings expectations (and much stronger than the 61% observed last quarter) while 64% are beating top line estimates (vs. 66% last quarter). Ex-Fins, however, earnings are down -2.3% (vs -8.5%) expectations though over half the companies reporting are Fins. Almost three quarters of 1Q26’s reported earnings growth came from the index’ largest market cap quintile though a strong second place occurred in the fourth quintile (companies between $500mm and $1B market cap).