SEC preparing to scrap quarterly earnings requirement — a move Trump supports: report

The SEC is preparing a proposal to eliminate the requirement that companies report earnings quarterly and would allow firms to report semiannually instead. If adopted, the change would materially reduce disclosure frequency, complicate analyst models and guidance cadence, and could alter short-term volatility and earnings-driven trading patterns, though timing and final rule details remain uncertain.

Analysis

The SEC is preparing a proposal to eliminate the requirement that companies report earnings quarterly and would allow firms to report semiannually instead. If adopted, the change would materially reduce disclosure frequency, complicate analyst models and guidance cadence, and could alter short-term volatility and earnings-driven trading patterns, though timing and final rule details remain uncertain.