Q1 2026 Earnings Season Final Scorecard: 75% Beat Rate But the Market Sold Winners Anyway — The Complete Sector Breakdown

# Q1 2026 Earnings Season Final Scorecard: 75% Beat Rate But the Market Sold Winners Anyway — The Complete Sector Breakdown

> **Quick answer:** Through April 25, 2026, roughly 75% of the S&P 500 has reported Q1 2026 earnings with an 89% beat rate and 13.2% blended earnings growth year-over-year — the strongest starting point since Q2 2022. The market's defining response: companies that beat but held guidance flat got sold. Intel surged 22.5% on a historic beat. IBM fell 7.83% after consulting disappointed. Nvidia closed above $5 trillion for the first time. The mega-week begins April 29 with Meta, Apple, Amazon, and Microsoft.

With roughly 75% of S&P 500 companies now on the books for Q1 2026 earnings, one pattern dominates everything else: the market is no longer rewarding beats — it is punishing the absence of guidance raises. This is the definitive sector-by-sector breakdown of Q1 2026 earnings season through April 25, covering every major reporter, the key data behind the 89% beat rate, and what comes next heading into the most consequential earnings week of the year.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

## The Headline Numbers: What the Data Actually Says

FactSet's April 24 earnings update tells a story of structural earnings strength that Wall Street's price action is only partially endorsing.