Total earnings for Q1 2026 from the 392 S&P 500 companies that have reported are up 21.7% year-over-year, reaching a new quarterly record of $690.4 billion. This surpasses the prior record of $655.5 billion. Revenues increased by 10.5%, with 80.1% of companies exceeding earnings per share (EPS) estimates and 77.8% surpassing revenue projections.
The “Magnificent 7” group, comprising major tech companies, is projected to report a 45.7% rise in Q1 earnings on 24.6% higher revenues. This group’s total contributions are vital, as they will account for 27% of the S&P 500’s earnings this year. Notably, capital expenditures among the four hyperscalers—Alphabet, Amazon, Microsoft, and Meta—totaled $125 billion in Q1 2026, with forecasts indicating a rise to $725 billion for the year.
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