Year/Year EPS Growth - Magnificent 7 vs. S&P 493

EPS growth for the Magnificent 7 is expected to cool to 14% in Q3, down from 28%. Mega-cap tech names should continue posting robust earnings growth, but the outsized premium that’s defined the trade might lose some of its shine in 2026.

Image: Goldman Sachs Global Investment Research

Year/Year EPS Growth - Magnificent 7 vs. S&P 493