# US Regulators Propose Less Frequent Earnings Reports

> SEC wants corporate earnings reports less frequent but investors fear reduced transparency.
- Title: US Regulators Propose Less Frequent Earnings Reports
- Summary: SEC wants corporate earnings reports less frequent but investors fear reduced transparency. US regulators propose scrapping quarterly earnings reports for…
- Keywords: sec, earnings reports, quarterly reporting, retirement savings, capital costs, investor concerns, compliance costs, sifma, federated hermes, lilly, financial executives international, securities and exchange commission
- Source: The Conversation — https://theconversation.com/us-regulators-want-to-make-corporate-earnings-reports-less-frequent-but-investors-have-doubts-289338
- Author: Tzachi Zach
- Read time: 1 min
- Topics: sec, earnings reports, quarterly reporting, retirement savings, capital costs, investor concerns, compliance costs, sifma, federated hermes, lilly, financial executives international, securities and exchange commission
## SEC Proposes Quarterly Reporting Change
The Securities and Exchange Commission wants registered companies to report earnings less frequently, from quarterly to semiannual intervals.
## Over 280,000 Letters Oppose Change
More than 280,000 letters have been submitted against the proposal since it was released for comments in May 2026.
## Investors Fear Reduced Transparency
Retail investors worry less frequent reporting will make it harder to monitor companies' performance and decision-making.
## Higher Capital Costs Risk
Investors may demand higher returns due to less information, increasing costs for companies to raise capital.
## Enron Retirees Share Concerns
Enron retirees wrote that quarterly reporting acts as a gatekeeper to prevent financial fraud from harming retirement savings.

> My husband worked for Enron. We lost most of our retirement savings when their fraudulent activity came to light
## SIFMA Warns of Capital Cost Increase
The Securities Industry and Financial Markets Association says reduced reporting could increase capital costs as investors demand higher risk premia.
## Federated Hermes Notes Signaling Risks
Federated Hermes warns that semiannual reporting may signal reduced transparency, affecting analyst coverage and capital costs.
## Eli Lilly and 58% of Companies Support Change
Drugmaker Eli Lilly and 58% of companies surveyed by Financial Executives International support semiannual reporting.
## SEC Needs Two Votes for Rule Change
The SEC may change rules to require only two commissioners' votes to approve the semiannual reporting proposal by September 30, 2026.
## Key takeaway

US regulators propose scrapping quarterly earnings reports for companies but investors worry less frequent reporting will harm retirement savings and capital costs.