The short answer is it depends
There's a couple of ways of reporting receiver output power with most companies either choosing to state the wattage at all channels driven into a standard 8ohm speaker from 20hz to 20 khz. This is the prefered method that we like to see power ratings for but its obviously not easy for a receiver to deliver the same current to all speakers at once so many manufactures cheat and only publish ratings for either a few channels or all channels but not into 8 ohms or not at full range. For example you might see something rated at 100 watts all channels driven but the fine print says that was into 6 ohms or 8 ohms but only 1 khz which is an easier load so the ratings would be higher.
See
this link for some comparisons where some did surpass their ratings while others failed.