Key Takeaways
- Goldman Sachs will unveil Q2 2026 financial results on Tuesday, July 14
- Analysts project earnings per share of $14.51, compared to $10.90 in the prior-year period
- Expected revenue of $16.22 billion marks a year-over-year increase exceeding 48%
- Shares of GS have climbed approximately 21% since the start of the year
- The options market anticipates a 4.78% stock movement following the earnings announcement
The investment banking giant Goldman Sachs is scheduled to release its second-quarter 2026 financial performance on Tuesday morning, July 14.
Shares of GS have advanced roughly 21% year-to-date, hovering near $1,057 as the earnings date approaches.
The Goldman Sachs Group, Inc., GS
Analyst consensus calls for earnings per share of $14.51, marking a significant increase from the $10.90 reported during the corresponding quarter of the previous year.
Revenue projections stand at $16.22 billion, representing year-over-year expansion of more than 48%.
This anticipated growth pace represents a modest deceleration from the first quarter, when Goldman delivered revenues of $17.23 billion, reflecting a 14.4% annual increase. The firm also exceeded earnings expectations during that period.
For the upcoming quarter, Wall Street is modeling revenue growth of approximately 12.7% compared to the prior yearâa slight moderation from the 14.5% growth achieved in Q2 of last year.
Goldman has consistently demonstrated an ability to surpass Street expectations, and analyst commentary leading up to Tuesday’s announcement has remained predominantly steady, with most maintaining their projections throughout the past month.
Wall Street Firms Increase Target Prices Before Results
Bank of America analyst Ebrahim Poonawala elevated his price objective on GS to $1,150 from $1,050, while reiterating a Buy rating. BofA anticipates that all eight primary U.S. banking institutions could surpass Q2 expectations, propelled by improved net interest income and inflows into wealth management divisions.
Evercore ISI’s Glenn Schorr similarly increased his target, adjusting it to $1,075 from $950, while maintaining an Outperform stance.
Schorr highlighted favorable capital markets dynamicsâincluding elevated equity valuations, robust merger and acquisition activity, and substantial trading volumesâas positive catalysts for Goldman.
He additionally emphasized expanding AI investment as a growth driver, observing that an increasing number of corporations are securing capital to finance AI infrastructure projects, which creates opportunities for investment banking firms.
Options Activity Suggests Heightened Volatility Expectations
Options market participants are preparing for an above-average stock movement. The implied volatility embedded in options contracts suggests a 4.78% swing in either direction following the earnings release.
This expectation is nearly twice Goldman’s historical average post-earnings movement of 2.36% across the previous four quarters.
Regarding industry comparisons, recent results from competing capital markets companies present a varied picture. Jefferies reported 35% annual revenue growth but fell short of estimates by 3.1%. FactSet achieved 6.4% revenue growth, beating projections by 1.1%.
Capital markets equities have generally appreciated 3.7% on average during the past month. GS has declined 1.7% throughout the same timeframe.
The consensus analyst price target for Goldman stands at $1,073.58, suggesting approximately 2% upside potential from present trading levels.
Among 13 analysts following the stock, six assign it a Buy rating, six recommend a Hold, and one rates it a Sellâresulting in a consensus Moderate Buy recommendation.
Goldman Sachs will announce earnings prior to the market opening on Tuesday, July 14.
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