• Homrich & Berg analysis flagged a broad earnings surge as elevated capex spread beyond tech, lifting S&P 500 EPS 33.2% YoY in 2Q.
• Revenue growth drove results, with S&P 500 topline up 15.6% versus a 12.1% forecast; net margins reached 15.6%.
• Earnings strength broadened outside the Magnificent 7, with the S&P 500 ex-mag-7 up 32.4%; the growth gap narrowed to the tightest since 1Q23.
• Report warned earnings breadth at 82.2% is nearing historical peak zones, while forward operating margin forecasts jumped to 21.2% from 18.8%.
• Key risks centered on oil price swings tied to the Iran war, plus potential peak AI capex that could undermine elevated tech expectations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Homrich & Berg Inc published the original content used to generate this news brief on August 28, 2026, and is solely responsible for the information contained therein.