Magnificent 7 Q3 earnings growth seen at 33.2%, outpacing rest of S&P 500, FactSet says

• “Magnificent 7” earnings growth is estimated at 33.2% for Q3 2026, versus 27.7% for the remaining S&P 500 companies.
• Excluding NVIDIA and Meta Platforms, earnings growth for the remaining five companies would fall to 7.5%.
• Micron Technology and NVIDIA are the largest contributors to overall S&P 500 earnings growth.
• Without those two companies, the index’s blended earnings growth rate would drop to 20% from 29%.
• For Q4 2026, analysts expect “Magnificent 7” earnings growth of 23.6%, below the other 493 companies’ 30.6%.

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