That’s all, folks — with earnings data from roughly 3,600 filers, including the last few giants such as Nvidia ($NVDA) and Walmart ($WMT), which both filed this week, we now call time on the Q1 2026 earnings season.

Overall, it was good.

Revenue was up 11 percent from the year-ago period, operating income up 20.7 percent, and net income up 34.8 percent. Expense lines such as cost of goods sold, operating expense, and SG&A expense are all higher too, but none higher than the increase in revenue. Capex is up 29.5 percent although that number is skewed by the AI data center craze so we put an asterisk next to that one.

Figure 1, below, shows year-over-year change across 18 assorted line items.

Put another way, the 3,600 firms in our sample reported a collective year-over-year gain of $151.2 billion in net income. Thirty-eight percent of that gain comes from Nvidia alone.

We’ll do further analysis next week to assess just how much Nvidia and the other Big Tech firms are now carrying overall growth and performance for all U.S. filers — but clearly, it’s a lot.

Meanwhile, the table below shows the year-over-year change across 12 line items.

Calcbench tracks these earnings using our Earnings Tracker template, which pulls in financial disclosures as companies file their latest earnings releases with the Securities and Exchange Commission. The Earnings Tracker provides an up-to-the minute snapshot of financial performance compared to the year-earlier period.

If Calcbench subscribers wish to get their hands on the template we use for this analysis, so you can conduct your own experiments at home, use this link to the file. 

Please note that it will only work with an active Calcbench subscription. If you need an active subscription (and who doesn’t, really, when swift access to real-time data is so important?), contact us at us@calcbench.com.

So that’s a wrap on Q1 2026 earnings. Enjoy the long weekend, and we’ll be back mid-July for our first look at Q2!