Micron is now the No. 1 contributor to S&P 500 earnings.
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Magnificent Seven Dominate S&P 500 Earnings, But That's Changing Dramatically
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01:12 PM ET 07/20/2026
The Magnificent Seven will again reign supreme over S&P 500 earnings, but their dominance is fading. As second-quarter earnings reports start to flow in, analysts expect the Magnificent Seven companies to grow earnings by a combined 31.1%. The other 493 S&P 500 companies are expected to increase earnings 22.8%, FactSet Senior Earnings Analyst John Butters wrote in a report. That…
The Magnificent Seven's earnings jumped 63.2% year over year, according to FactSet. Other S&P 500 companies also had decent…
S&P 500 Q1 earnings grew 27-28% YoY, the highest since Q4 2021. Magnificent Seven posted 63.2% EPS growth while non-Mag7 hit…
Investors are picking between winners and losers in tech, as opposed to just herding into the index or tech stocks as a whole.
But the dominance of the Mag 7 is likely to come to an end this year, many on Wall Street believe—if only because their…
The Magnificent Seven posted 21-22% EPS growth driven by AI demand, but soaring capital expenditures and widening performance…
The Magnificent Seven are down 3.7% in 2026 while the S&P 500's other 493 stocks are up 12.9%, a gap of nearly 17 points.
