S&P 500 Earnings: Quarterly S&P 500 EPS Estimate Hits $100 Per Share

With just 2 weeks left in the Q2 '26 reporting and about 4 weeks from the beginning of the Q3 '26 earnings releases for the S&P 500, it's remarkable the growth in the benchmark estimate, and it's probably not sustainable. The Q2 EPS reports were heavily influenced by the Anthropic markup, with LSEG reporting the last few weeks that Anthropic added 15% to 2nd quarter '26 EPS growth, which doesn't include tariff refunds, etc.