Total S&P 500 earnings for 2025 Q4 are expected to increase by +6.9% from the same period last year, with revenues rising by +7.7%. However, without the Tech sector’s contribution, Q4 earnings growth would drop to +3.6%. The Tech sector is projected to drive nearly half of S&P 500 earnings growth in 2026.

The Tech sector has been a significant driver of earnings growth since 2023 and is expected to continue this trend in 2025 Q4. Tech sector earnings are forecasted to rise by +13% from the same period last year, with revenues increasing by +15.8%. Positive estimate revisions for the Tech sector are contributing to its strong performance.

The Tech sector is expected to account for 35.6% of the S&P 500 index’s total earnings over the next four quarters and currently represents 44.6% of the index’s total market capitalization. Companies like NVIDIA and Microsoft are benefiting from the Tech sector’s positive estimate revision trend, leading to strong market support.

Zacks is preparing to release its list of the top 10 stocks for 2026 on January 5. Over the past decade, Zacks’ Top 10 Stocks have outperformed the S&P 500 by a significant margin. Investors can gain early access to these top picks for 2026 and potentially benefit from their outstanding performance.

Read more at Nasdaq: Q4 Earnings: Tech Expected to Remain Growth Driver