S&P Global posted adjusted earnings per share of $4.83 for the second quarter of 2026, missing the consensus estimate of $4.93. Shares dropped 7.7% on July 28, marking the worst single-day decline since February. Revenue came in at $4.15 billion, a 10% year-over-year increase slightly beating estimates. The US-Iran conflict has disrupted contract renewals in the Energy division, leading S&P Global to cut its full-year adjusted diluted EPS guidance to a range of $17.50 to $17.75, versus the consensus of $18.67. The Ratings segment posted 17% revenue growth, driven by hyperscaler debt issuance tied to AI infrastructure buildouts.
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