The Goldman Sachs Group, Inc. · GS · Next earnings

The Goldman Sachs Group, Inc. reports Tuesday, Oct 13, 2026

GS reports before market open with consensus EPS at $16.14 and revenue at $17.64B. Last quarter: Goldman Sachs Q2 2026: Record Revenue and EPS Driven by AI Infrastructure Financing

Reports Before market open23 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $16.14 Calendar consensus
Consensus revenue $17.64B Calendar consensus
Report date Oct 13, 2026 Tuesday, date estimated
Session Before market open 23 days away

Where GS left off: FY2026 Q2

Full report

Goldman Sachs Q2 2026: Record Revenue and EPS Driven by AI Infrastructure Financing

EPS surprise +45.0% Reported $20.98 vs $14.47
Revenue surprise +25.3% Reported $20.34B vs $16.22B
Stock move +9.0% Event window
Subsequent drift -8.1% Up to 20 sessions

Guidance sentiment was maintained, consistent with Q1. Management did not revise formal guidance but the qualitative outlook strengthened: the advisory backlog is at its highest level in five years, AI infrastructure financing demand is framed as a multi-year growth engine, and alternatives fundraising expectations were raised to above $125 billion for the full year. Capex outlook remains increasing, continuing the trajectory from Q1.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • A potential slowdown in the AI capex cycle could reduce financing demand that drove this quarter's results.
  • Concentration risk from large corporate clients in equities and prime financing.
  • Regulatory uncertainty around Basel III finalization and SLR ratio constraints on balance-sheet growth.
  • Macro volatility and the early stage of the AI capex cycle may introduce revenue variability.
  • Sustainability of prime financing margins and pricing power amid competition.

Questions analysts left open

  • Wallet-share gains and concentration in the equities business
  • Client composition and exposure to a few large investors
  • Sustainability of prime financing margins and pricing power
  • Impact of SLR ratio on balance-sheet growth

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Recent GS quarters

All GS earnings
+9.0%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.