Q3 Earnings Growth Accelerates Across Multiple Sectors

The Q3 earnings growth pace is strong and accelerating, according to Zacks Director of Research Sheraz Mian. In an interview, he noted that 'the earnings growth pace is not only strong and accelerating but also broad-based and continuing to improve.'

This positive trend has been observed over the last two years, with Q3 2026 expected to see a 22.6% increase in total S&P 500 earnings from the same period last year. This growth is driven by +10.9% higher revenues, with 14 of the 16 Zacks sectors expected to enjoy positive earnings growth.

The Tech sector continues to be a key contributor to this growth picture, led by Alphabet (GOOGL), Micron (MU), and Nvidia (NVDA). Excluding these three companies, Q3 earnings for the rest of the Tech sector would be +18.9%, vs +39.3% otherwise.