About a third of S&P 500 members are reporting Q3 results this week, including Alphabet, Microsoft and Amazon from the Mag 7 group. With 121 companies reported, total earnings are up 31.5% on 12.2% higher revenue, but this is largely due to Micron's 1,075.7% jump; excluding Micron, the other 120 are up 14%. Expected Q3 earnings growth for the index is 26.2% on revenue up 12.2%, the eighth straight quarter of double-digit growth. Estimates for Q4 2026 and full-year 2027 are rising, while nine sectors have seen Q4 estimates cut since early October, led by Transportation, Autos and Consumer Staples. Zacks notes growth remains strong but compares less favorably with recent periods once outlier results are excluded.
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Related tickers and likely impact
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 763.96 |
| Change that session | -1.18% |
MSFT
▲ Likely positiveMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/22/2026 | 521.08 |
| Change that session | -2.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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