Earnings Scoreboard: 83% of S&P 500 early reporters top EPS estimates ahead of big tech wave

U.S. stocks are digesting a broadly positive second-quarter earnings season, with 65 of 78 early S&P 500 reporters beating EPS estimates and 59 topping revenue forecasts. The article frames this as evidence of resilient corporate fundamentals across defense, telecom, industrials, technology, and health care, even as investors remain sensitive to forward guidance. Several high-profile beats drove sharp stock reactions: Lockheed Martin, RTX, Intel, Verizon, 3M, GM, and Newmont all advanced on stronger-than-expected results and/or raised outlooks. In contrast, Alphabet and Tesla fell despite earnings beats because investors focused on higher capex guidance and mixed profitability, while IBM slipped on a slight revenue miss. Looking ahead, more than 145 S&P 500 companies are set to report next week, including Microsoft, Apple, Meta, Amazon, Qualcomm, UPS, Mastercard, Exxon Mobil, and Chevron, making the next phase of earnings a key catalyst for broad market direction and sector rotation.