It’s Time to End Quarterly Reporting: SEC’s Switch to Semiannual Reporting
The U.S. Securities and Exchange Commission (SEC) is preparing to propose a major shift in how public companies disclose financial results. Under a new rule expected in 2026, issuers could move from the traditional quarterly Form 10-Q filings to a semiannual reporting schedule. SEC Chair Paul Atkins (Atkins) stated that this proposal will allow companies to choose between the two kinds of reporting. The initiative echoes recent calls from the Trump administration, which argues that quarterly disclosure pressures companies to prioritize short-term earnings at the expense of long-term value creation. If adopted, the rule would represent one of the most significant changes to U.S. securities disclosure requirements in over 50 years and could fundamentally reshape how businesses plan, raise capital, and communicate with investors.