22.6% estimated… Magnificent 7 profit growth rate lags behind the remaining 493 companies
Original headline22.6% 추정…매그니피센트7 이익 증가율, 나머지 493개사 밑돌아
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The combined earnings growth rate of the Magnificent 7 for Q3 2026 is estimated at 22.6%, falling 10.0 percentage points below the 32.6% growth rate of the remaining 493 S&P 500 companies, according to FactSet's "Earnings Insight" report released October 30, which blends reported results with estimates for companies yet to report. This marks a reversal from a month earlier, when FactSet's September 30 estimates had the Magnificent 7 at 33.6%, outpacing the other 493 companies' 27.8%. Five of the Magnificent 7 have reported Q3 results so far, with only two beating consensus EPS expectations, compared with a higher beat rate across the broader S&P 500. The shift matters because it challenges the narrative that mega-cap tech is the primary driver of index-level earnings growth this quarter. Watch for results from the remaining two Magnificent 7 companies and subsequent FactSet updates, which could swing the gap further in either direction.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Magnificent 7, S&P 500, FactSet