S&P 500 Index Aims for 8th Straight Quarter of Double-Digit Earnings Growth

The upcoming Q3 earnings season is expected to be strong for many companies. According to Zacks.com, the S&P 500 index will likely see a +23.9% increase in earnings from last year's same period, marking the 8th consecutive quarter of double-digit growth.

Of the 16 Zacks sectors, 14 are expected to report positive earnings growth in Q3. The Tech sector remains a major contributor to this growth, with companies like Nvidia (NVDA), Micron (MU), and Alphabet (GOOGL) enjoying a record-breaking run of earnings increases.

Nvidia's Q3 earnings are expected to rise by +90% year-over-year on revenues that are up 91.2%, while Micron is projected to see a staggering +938% increase in earnings and +349.5% jump in revenues. Alphabet's Q3 earnings, however, are only expected to grow by +2.1% from last year.