In Q1 2026, earnings for 453 S&P 500 companies that reported results increased by 21.3% year-over-year, reaching a total of $688.9 billion, surpassing the previous quarter’s record of $655.4 billion. Revenue rose by 10.4%, with 79.5% of companies exceeding EPS estimates and 78.4% beating revenue expectations. The Tech sector is expected to continue its growth, projecting a 50.5% earnings increase, significantly impacting overall earnings growth.
The ‘Magnificent 7’—including Alphabet, Amazon, Microsoft, and Meta—reported a collective 45.7% earnings growth alongside a 24.6% rise in revenues. This group is anticipated to account for 28.5% of all S&P 500 earnings for the year and currently makes up 34.7% of the index’s total market capitalization. Notably, these companies collectively spent $125 billion on infrastructure in Q1 2026, and NVIDIA is set to release its earnings report on May 20, expected to show a substantial year-over-year increase of 118.5% in EPS.
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