27 July 2026 1 minute read
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Since the start of 2026, estimated earnings growth for the year has improved across all major regions, but particularly in emerging markets.

Figure 1: Regional earnings-per-share growth (full-year 2026 estimate, per cent)

Estimates are based on assumptions and simulations and may not be achieved.

Source: Aviva Investors, Bloomberg. Data as of 10 July 2026.

 

Estimated earnings-per-share (EPS) growth in the US rose by approximately four per cent from 1 January to 10 July. But the most significant rise occurred in emerging markets, where estimated earnings growth increased by ten per cent, materially outpacing most developed markets.

This improvement has been driven by a relatively small number of technology companies benefiting from strong AI-driven demand. SK Hynix, which represents 6.9 per cent of the MSCI Emerging Markets Index, has been the single largest contributor. As of 10 July, its estimated earnings growth was nearly 18 times higher than the index average.

The company mentioned is for illustrative purposes only and does not constitute an investment recommendation.

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