Zacks says about a third of S&P 500 members are reporting Q3 results this week, including Alphabet and Microsoft on Wednesday and Amazon on Thursday. Through Friday, October 23, 121 members (24.2% of the index) had reported, with total earnings up 31.5% and revenue up 12.2%; 80.7% beat EPS estimates and 69.7% beat revenue estimates. Q3 earnings for the whole index are expected to rise 26.2% on 12.2% higher revenues, the 8th straight quarter of double-digit earnings growth, but excluding the Energy sector growth drops to 21.6%. The Mag 7 group is expected to see earnings rise 22.3% on 23.1% higher revenues; Micron's Q3 earnings rose 1,075.7%, and excluding Micron, the remaining 120 reporting members are up 14%. Estimates have risen for 7 of 16 Zacks sectors since the start of October, while Q4 estimates have fallen for 9 sectors.
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/23/2026 | 248.00 |
| Change that session | -0.95% |
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/23/2026 | 320.21 |
| Change that session | -1.24% |
META
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/23/2026 | 642.62 |
| Change that session | -0.96% |
MSFT
• NeutralMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/23/2026 | 524.51 |
| Change that session | +0.66% |
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 210.96 |
| Change that session | -0.59% |
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/23/2026 | 372.22 |
| Change that session | -0.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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