Magnificent 7 Q3 earnings growth trails rest of S&P 500 at 22.6%, FactSet says
SPY•The Magnificent 7’s blended Q3 2026 earnings growth was 22.6%, below 32.6% for the other 493 S&P 500 companies. The group’s reported earnings missed estimates by 14.7% in aggregate, while the broader index beat estimates by 1.9%.
1. Growth rates diverge
The Magnificent 7’s blended earnings growth rate for Q3 2026 fell to 22.6%, from 33.6% on September 30, while the rate for the other 493 S&P 500 companies rose to 32.6%, from 27.8%. The group’s reported earnings missed estimates by 14.7% in aggregate, compared with a 1.9% beat for the broader S&P 500. GAAP earnings at Alphabet, Amazon and Meta missed analyst estimates, reflecting investment-related effects or a litigation charge. If results hold, this would be the group’s first earnings-growth shortfall against the other companies since Q4 2022.
