With approximately 80% of S&P 500 companies having reported their second-quarter earnings, the index is showing a year-over-year operating earnings growth of around 6.4% to 7%, marking the 10th consecutive quarter of positive growth. The earnings per share (EPS) beat rate for the quarter ranges between 80% and 87%, the highest since mid-2021 and above the five-year average of 78% and the ten-year average of 75%. Despite concerns over tariffs, US companies have largely exceeded profit expectations, contributing to easing market worries. The blended EPS growth rate for the S&P 500 stands at approximately 6.6%, reflecting better-than-expected earnings performance consistent with prior forecasts.