Magnificent 7 Q3 earnings growth seen at 33.2%, outpacing rest of S&P 500
SPY•Magnificent 7 earnings are estimated to grow 33.2% in Q3 2026, versus 27.7% for the other S&P 500 companies. Without NVIDIA and Meta Platforms, the group’s growth would be 7.5%; without Micron Technology and NVIDIA, the index’s blended growth would fall to 20% from 29%.
1. Q3 earnings estimates
Magnificent 7 earnings growth is estimated at 33.2% for Q3 2026, compared with 27.7% for the other S&P 500 companies. Excluding NVIDIA and Meta Platforms, growth for the remaining five companies would be 7.5%. Micron Technology and NVIDIA are the largest contributors to overall index earnings growth; without them, the S&P 500’s blended growth rate would decline to 20% from 29%.
2. Q4 outlook
For Q4 2026, analysts expect Magnificent 7 earnings growth of 23.6%, below the 30.6% expected for the other 493 companies.
