U.S. S&P 500 earnings beat expectations while market stalls, SLB reports modest Q2 growth

In the latest earnings season, about 85 % of S&P 500 companies surpassed analysts' profit forecasts – the highest proportion in five years, according to Bloomberg Intelligence. Despite the strong results, the index barely moved the next day, as investors remain cautious after recent high expectations and rising interest rates. The U.S. ten‑year Treasury yield climbed to roughly 4.7 %, its highest level since January 2025, pressuring valuations, especially for AI‑related firms. Chipmaker Texas Instruments fell 3.1 % after issuing better‑than‑expected guidance, while Finnish telecom equipment maker Nokia dropped 5.1 % after not raising its network‑segment outlook.

Energy services firm SLB announced second‑quarter 2026 results showing revenue of $8.97 billion, up 3 % quarter‑over‑quarter and 5 % year‑over‑year. GAAP earnings per share rose 4 % to $0.52 from the prior quarter but were 30 % lower than a year earlier. Adjusted EPS increased 6 % to $0.55 QoQ but fell 26 % YoY. Net income reached $786 million, up 5 % QoQ but down 22 % YoY, while adjusted EBITDA rose 7 % QoQ to $1.90 billion, slipping 7 % YoY. The company generated $1.36 billion in operating cash flow and declared a quarterly dividend of $0.295 per share.