Sector earnings
Which sectors are actually growing, from filed SEC figures. No estimates, no price data, no forecasts — just what companies reported.
Jan–Mar 2026
Still reporting: 2026Q3 — 3 of 500 filed (1%); 2026Q2 — 164 of 500 filed (33%). Those quarters are too incomplete to rank: whoever files first is systematically different from whoever files last, so an early read measures reporting order, not performance.
| Sector | Revenue YoY | Net margin | Margin change | Net income YoY | Names | Revenue growth, 8 quarters |
|---|---|---|---|---|---|---|
| Technology | +26.9% | 27.4% | +5.6pp | +59.3% | 63/71 | |
| Communication Services | +17.3% | 35.0% | +9.9pp | +63.4% | 22/22 | |
| Real Estate | +12.5% | 16.8% | +4.9pp | +58.2% | 29/31 | |
| Utilities | +11.0% | 10.5% | +1.2pp | +25.7% | 27/31 | |
| Consumer Discretionary | +9.3% | 10.2% | +1.8pp | +33.0% | 44/48 | |
| Financial Services | +9.1% | 18.4% | +3.4pp | +33.6% | 65/76 | |
| Industrials | +8.6% | 8.7% | +0.4pp | +13.4% | 71/79 | |
| Materials | +8.2% | 9.3% | +6.1pp | +211% low base | 24/26 | |
| Healthcare | +6.7% | 6.0% | -1.4pp | -13.4% | 56/59 | |
| Energy | +6.4% | 7.6% | +0.1pp | +7.6% | 17/21 | |
| Consumer Staples | +5.5% | 5.5% | +0.2pp | +10.5% | 29/36 |
Earnings response by sector
| Sector | Filings move it | Typical move | Ordinary two days | Names | Loudest |
|---|---|---|---|---|---|
| Communication Services | 3.5× | ±5.1% | ±1.4% | 22 | DIS |
| Consumer Staples | 3.0× | ±3.5% | ±1.2% | 33 | DLTR |
| Industrials | 2.7× | ±4.0% | ±1.3% | 75 | AXON |
| Healthcare | 2.5× | ±3.5% | ±1.4% | 59 | GEHC |
| Technology | 2.0× | ±4.0% | ±1.8% | 68 | MSI |
| Consumer Discretionary | 1.8× | ±3.3% | ±1.7% | 45 | GRMN |
| Energy | 1.7× | ±2.8% | ±1.6% | 17 | TPL |
| Real Estate | 1.7× | ±1.9% | ±1.3% | 29 | CSGP |
| Utilities | 1.6× | ±1.8% | ±1.1% | 27 | AWK |
| Materials | 1.5× | ±2.2% | ±1.5% | 24 | CTVA |
| Financial Services | 1.5× | ±1.8% | ±1.3% | 66 | FISV |
This is a risk read, not a direction read. Across 922 filings in 60 names, the share of up-moves around a filing was 53.4% against 52.8% on random dates — indistinguishable — while the average absolute move was three times larger. A high multiple means the quarter's result is the event that matters for that sector, not that the result tends to be good.
Read the margin, not the net-income percentage. A growth rate
computed off a depressed year-ago base overstates badly — Materials prints
+211% for this quarter because the year-ago aggregate was gutted by three
write-down quarters, not because earnings tripled. Those cases are marked
low base. Margin change in percentage points
cannot be distorted that way.
Coverage is not uniform. Several banks file
RevenuesNetOfInterestExpense rather than Revenues, so they
carry no revenue in this store and drop out of Financial Services — that row is
built from a subset. Growth here is reported growth: it says nothing
about whether a sector's shares are cheap, and nothing about what happens next.