S&P 500 earnings for Q4 2025 are projected to increase by 7.9% year-over-year, driven by an 8.2% rise in revenues, marking the 10th consecutive quarter of positive earnings growth. The forecast indicates that all 16 Zacks sectors will achieve earnings growth, with sectors such as Aerospace and Autos expected to lead with increases of 38.2% and 22.6%, respectively. Notably, earnings from the ‘Magnificent 7’ companies—NVIDIA, Apple, and Tesla—are projected to rise by 17.3%.
Looking ahead, total S&P 500 earnings are anticipated to grow by 12.9% in 2026, slowing to 9.3% excluding contributions from the tech sector. The tech industry remains a major driving force, with expected earnings growth of 19.9% for 2026, building on a 20.0% increase predicted for 2025.
