In 2025 Q4, S&P 500 earnings are expected to rise by +7.9% with +8.2% higher revenues. Total 2026 S&P 500 earnings are forecasted to grow by +12.9%, with Tech sector excluded, the growth is +9.3%. All 16 Zacks sectors are projected to have positive earnings growth in 2026, with nine sectors seeing double-digit growth, including Tech, Aerospace, and Autos.

For the ‘Magnificent 7’ companies like NVIDIA, Apple, and Tesla, Q4 earnings are expected to increase by +17.3% with +16.5% higher revenues. Excluding their contribution, the rest of the index would see a +4.6% earnings growth. The Tech sector continues to drive earnings growth, expected to be up +15.4% in Q4 from last year, marking the 10th consecutive quarter of double-digit growth.

The Tech sector is crucial for S&P 500 earnings, contributing 35.9% of total earnings and representing 43.1% of the index’s market capitalization. Tech’s positive earnings outlook and steady estimate revisions make it a key sector to watch for investment opportunities. Data centers’ increasing demand presents opportunities for semiconductor companies to thrive, with one under-the-radar chipmaker positioned for significant growth in this market.

Read more at Nasdaq: Broad-Based Earnings Growth Expected in 2026