Earnings Forecast for Q1 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy GS?
Source: NASDAQ.COM
- Goldman Sachs Earnings Outlook: Goldman Sachs is expected to report an EPS of $16.34 for Q1 2026, reflecting a 15.72% increase year-over-year, indicating sustained profitability and market confidence, having beaten expectations every quarter last year, with the highest beat at 19.03%.
- Fastenal Performance Forecast: Fastenal anticipates an EPS of $0.30 for Q1 2026, representing a 15.38% increase compared to the same quarter last year, despite missing consensus in Q3 2025, showcasing significant growth potential and competitive strength in its industry.
- Sify Earnings Warning: Sify Technologies forecasts an EPS of $0.00 for Q1 2026, a 100% decrease year-over-year, highlighting major challenges, with a 2026 P/E ratio of -346.00, far below the industry average, indicating urgent need for improvement in profitability.
- Industry Comparison Analysis: Goldman Sachs has a P/E ratio of 15.67, below the industry average of 16.20, while Fastenal's P/E ratio of 39.60 significantly exceeds the industry average of 16.60, reflecting differing performance and growth potential among companies in the market.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 903.720
Low
604.00
Averages
951.45
High
1100
Current: 903.720
Low
604.00
Averages
951.45
High
1100
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Goldman Sachs Q1 Earnings Expectations Analysis
- Earnings Expectations: Goldman Sachs anticipates Q1 earnings of $16.49 per share and revenue of $16.97 billion, indicating strong profitability amidst market volatility, reflecting robust performance in its investment banking and trading segments.
- Trading Revenue Analysis: Fixed income and equity trading revenues are projected at $4.92 billion and $4.91 billion respectively, demonstrating Goldman Sachs' flexibility and adaptability in navigating market disruptions, potentially driving overall performance growth.
- Investment Banking Recovery: Investment banking revenue is expected to rise by 10% to $2.5 billion, indicating a rebound in demand for M&A activities, although geopolitical risks may lead some clients to adopt a wait-and-see approach, impacting trading activity.
- Market Trend Impact: With AI-driven market changes, Goldman Sachs' trading desks have been active at the start of the year, and while events like the Iran conflict may affect commodity prices, they could also lead to higher trading revenues through fluctuations in interest rates and currencies.
See More
Goldman Sachs Q1 Earnings Exceed Expectations
- Earnings Beat: Goldman Sachs reported a Q1 GAAP EPS of $17.55, exceeding expectations by $1.16, which reflects the company's strong profitability and boosts investor confidence.
- Significant Revenue Growth: The firm achieved revenues of $17.23 billion in Q1, a 14.4% year-over-year increase that surpassed market expectations by $300 million, primarily driven by higher revenues in Global Banking & Markets, indicating robust performance in financial markets.
- Strong ROE: The annualized return on average common shareholders' equity (ROE) for Q1 2026 was 19.8%, demonstrating ongoing improvements in capital efficiency and enhancing the company's attractiveness to investors.
- Increase in Book Value: The book value per common share rose by 1.0% during the quarter to $361.19, indicating solid asset growth and laying a foundation for future capital operations.
See More
Goldman Sachs Reports Strong Earnings Amid Market Turmoil
- Strong Earnings Report: Goldman Sachs reported a GAAP EPS of $17.55, exceeding expectations by $1.16, which demonstrates the company's robust profitability in an uncertain market environment, thereby boosting investor confidence.
- Revenue Growth: The company achieved revenues of $17.23 billion, surpassing market expectations by $300 million, reflecting Goldman Sachs' solid performance in capital markets, which may attract more investor interest in its stock.
- Market Outlook: While the financial sector is expected to face an 'average' quarter, Goldman Sachs' strong earnings could provide a relative advantage in a competitive market, enhancing its future growth potential.
- Trading Desk Performance: Amid geopolitical turmoil, Wall Street trading desks are poised for a $40 billion quarter, indicating that Goldman Sachs can still seize opportunities during market volatility, further solidifying its market leadership position.
See More
Goldman Sachs Q1 Earnings Beat Expectations Despite Stock Drop
- Strong Financial Performance: Goldman Sachs reported a Q1 GAAP EPS of $17.55, exceeding analyst expectations of $16.39, and rising from $14.01 in Q4 2025 and $14.25 a year ago, demonstrating resilience in a volatile market.
- Revenue and Expense Dynamics: Total revenue reached $17.2 billion, surpassing the market expectation of $16.93 billion, and significantly up from $13.5 billion in the prior quarter and $15.1 billion a year ago, while operating expenses were $10.4 billion, in line with estimates but up from $9.13 billion last year.
- Increased Credit Loss Provisions: The provision for credit losses was $315 million, well above the consensus estimate of $166.1 million, indicating a cautious approach to future credit risks, contrasting sharply with a net benefit of $2.12 billion in the previous quarter.
- Robust Market Division Performance: The Global Banking & Markets division generated net revenue of $12.7 billion, a 22% increase quarter-over-quarter and 19% year-over-year, with investment banking fees of $2.84 billion growing 10% Q/Q and 48% Y/Y, highlighting strong performance amid complex geopolitical conditions.
See More
Goldman Sachs Reports Strong Earnings, Attractive Entry Point for Investors
- Strong Earnings Report: Goldman Sachs reported a GAAP EPS of $17.55, exceeding expectations by $1.16, which demonstrates the company's robust profitability in the current market environment and boosts investor confidence.
- Revenue Growth: The firm's revenue reached $17.23 billion, surpassing market expectations by $300 million, reflecting its solid performance in capital markets and potentially attracting more investor interest in its stock.
- Market Environment Analysis: Despite geopolitical turmoil, Wall Street trading desks are poised for a $40 billion quarter, indicating that the financial sector still possesses profit potential amid uncertainty, which could drive Goldman Sachs' stock price higher.
- Attractive Valuation: Goldman Sachs is currently viewed as undervalued, encouraging investors to enter at this time to leverage its strong financial performance and market position, capturing potential long-term gains.
See More
Big Banks Kick Off Earnings Season
- Market Recovery: The S&P 500 rose by 3.6% and the Nasdaq by 4.7% as the threat of escalating conflict in Iran subsided, indicating a recovery in market sentiment, although futures show slight declines that may affect investor confidence.
- Bank Earnings Reports: Goldman Sachs is set to release its Q1 earnings before the market opens today, with JPMorgan Chase, Wells Fargo, and Citigroup scheduled for Tuesday, which are expected to provide crucial earnings guidance that could influence investor sentiment towards bank stocks.
- Surge in Semiconductor Demand: The skyrocketing demand for agentic AI has led to chip shortages and rationing of computing power, likely boosting revenues for major semiconductor firms, with Taiwan Semiconductor and ASML's upcoming earnings reports being key market focal points.
- FTC Settlement with Advertisers: The Federal Trade Commission is negotiating with several advertising companies over allegations of coordinated boycotts against platform X, and while no wrongdoing is admitted, this move could reshape the competitive landscape of the advertising market.
See More
Goldman Sachs Q1 Earnings Expectations Analysis
- Earnings Expectations: Goldman Sachs anticipates Q1 earnings of $16.49 per share and revenue of $16.97 billion, indicating strong profitability amidst market volatility, reflecting robust performance in its investment banking and trading segments.
- Trading Revenue Analysis: Fixed income and equity trading revenues are projected at $4.92 billion and $4.91 billion respectively, demonstrating Goldman Sachs' flexibility and adaptability in navigating market disruptions, potentially driving overall performance growth.
- Investment Banking Recovery: Investment banking revenue is expected to rise by 10% to $2.5 billion, indicating a rebound in demand for M&A activities, although geopolitical risks may lead some clients to adopt a wait-and-see approach, impacting trading activity.
- Market Trend Impact: With AI-driven market changes, Goldman Sachs' trading desks have been active at the start of the year, and while events like the Iran conflict may affect commodity prices, they could also lead to higher trading revenues through fluctuations in interest rates and currencies.
See More
Goldman Sachs Q1 Earnings Exceed Expectations
- Earnings Beat: Goldman Sachs reported a Q1 GAAP EPS of $17.55, exceeding expectations by $1.16, which reflects the company's strong profitability and boosts investor confidence.
- Significant Revenue Growth: The firm achieved revenues of $17.23 billion in Q1, a 14.4% year-over-year increase that surpassed market expectations by $300 million, primarily driven by higher revenues in Global Banking & Markets, indicating robust performance in financial markets.
- Strong ROE: The annualized return on average common shareholders' equity (ROE) for Q1 2026 was 19.8%, demonstrating ongoing improvements in capital efficiency and enhancing the company's attractiveness to investors.
- Increase in Book Value: The book value per common share rose by 1.0% during the quarter to $361.19, indicating solid asset growth and laying a foundation for future capital operations.
See More
Goldman Sachs Reports Strong Earnings Amid Market Turmoil
- Strong Earnings Report: Goldman Sachs reported a GAAP EPS of $17.55, exceeding expectations by $1.16, which demonstrates the company's robust profitability in an uncertain market environment, thereby boosting investor confidence.
- Revenue Growth: The company achieved revenues of $17.23 billion, surpassing market expectations by $300 million, reflecting Goldman Sachs' solid performance in capital markets, which may attract more investor interest in its stock.
- Market Outlook: While the financial sector is expected to face an 'average' quarter, Goldman Sachs' strong earnings could provide a relative advantage in a competitive market, enhancing its future growth potential.
- Trading Desk Performance: Amid geopolitical turmoil, Wall Street trading desks are poised for a $40 billion quarter, indicating that Goldman Sachs can still seize opportunities during market volatility, further solidifying its market leadership position.
See More
Goldman Sachs Q1 Earnings Beat Expectations Despite Stock Drop
- Strong Financial Performance: Goldman Sachs reported a Q1 GAAP EPS of $17.55, exceeding analyst expectations of $16.39, and rising from $14.01 in Q4 2025 and $14.25 a year ago, demonstrating resilience in a volatile market.
- Revenue and Expense Dynamics: Total revenue reached $17.2 billion, surpassing the market expectation of $16.93 billion, and significantly up from $13.5 billion in the prior quarter and $15.1 billion a year ago, while operating expenses were $10.4 billion, in line with estimates but up from $9.13 billion last year.
- Increased Credit Loss Provisions: The provision for credit losses was $315 million, well above the consensus estimate of $166.1 million, indicating a cautious approach to future credit risks, contrasting sharply with a net benefit of $2.12 billion in the previous quarter.
- Robust Market Division Performance: The Global Banking & Markets division generated net revenue of $12.7 billion, a 22% increase quarter-over-quarter and 19% year-over-year, with investment banking fees of $2.84 billion growing 10% Q/Q and 48% Y/Y, highlighting strong performance amid complex geopolitical conditions.
See More
Goldman Sachs Reports Strong Earnings, Attractive Entry Point for Investors
- Strong Earnings Report: Goldman Sachs reported a GAAP EPS of $17.55, exceeding expectations by $1.16, which demonstrates the company's robust profitability in the current market environment and boosts investor confidence.
- Revenue Growth: The firm's revenue reached $17.23 billion, surpassing market expectations by $300 million, reflecting its solid performance in capital markets and potentially attracting more investor interest in its stock.
- Market Environment Analysis: Despite geopolitical turmoil, Wall Street trading desks are poised for a $40 billion quarter, indicating that the financial sector still possesses profit potential amid uncertainty, which could drive Goldman Sachs' stock price higher.
- Attractive Valuation: Goldman Sachs is currently viewed as undervalued, encouraging investors to enter at this time to leverage its strong financial performance and market position, capturing potential long-term gains.
See More
Big Banks Kick Off Earnings Season
- Market Recovery: The S&P 500 rose by 3.6% and the Nasdaq by 4.7% as the threat of escalating conflict in Iran subsided, indicating a recovery in market sentiment, although futures show slight declines that may affect investor confidence.
- Bank Earnings Reports: Goldman Sachs is set to release its Q1 earnings before the market opens today, with JPMorgan Chase, Wells Fargo, and Citigroup scheduled for Tuesday, which are expected to provide crucial earnings guidance that could influence investor sentiment towards bank stocks.
- Surge in Semiconductor Demand: The skyrocketing demand for agentic AI has led to chip shortages and rationing of computing power, likely boosting revenues for major semiconductor firms, with Taiwan Semiconductor and ASML's upcoming earnings reports being key market focal points.
- FTC Settlement with Advertisers: The Federal Trade Commission is negotiating with several advertising companies over allegations of coordinated boycotts against platform X, and while no wrongdoing is admitted, this move could reshape the competitive landscape of the advertising market.
See More
