Zacks Earnings Trends Highlights: NVIDIA, Apple and Tesla

For Immediate ReleaseChicago, IL – January 8, 2026– Zacks Director of Research Sheraz Mian says, "The outlook for corporate earnings has been improving in recent quarters, as reflected in steadily rising earnings estimates."Broad-Based Earnings Growth Expected in 2026Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points:The outlook for corporate earnings has been improving in recent quarters, as reflected in steadily rising earnings estimates. As the 2025 Q4 earnings season really gets underway in the coming days, the market will be looking for this favorable trend to not only remain in place but actually expand beyond the few key sectors where it has been concentrated lately.For 2025 Q4, total S&P 500 earnings are currently expected to be up +7.9% from the same period last year on +8.2% higher revenues. This will be the 10th quarter of back-to-back positive earnings growth for the index.Looking at the calendar year picture, total S&P 500 earnings are expected to grow by +12.9% in 2026, with the growth pace dropping to +9.3% when the Tech sector's contribution is excluded.All 16 Zacks sectors are expected to enjoy positive earnings growth in 2026, the first time since 2018, with nine sectors expected to achieve double-digit growth, including Aerospace (+38.2%), Autos (+22.6%), Basic Materials (+20.3%), Tech (+19.9%), Transportation (+13.6%), and Industrials (+11.1%).Q4 earnings for the 'Magnificent 7' group of companies - which includes the likes of NVIDIA NVDA, Apple AAPL and Tesla TSLA -- are expected to be up +17.3% from the same period last year on +16.5% higher revenues. Excluding the 'Mag 7' contribution, Q4 earnings for the rest of the index would be up only +4.6% (vs. +7.9%).Tech Remains Earnings Growth DriverThe Tech sector has been driving aggregate earnings growth since 2023 Q3, and the trend is expected to continue in 2025 Q4 and beyond. For Q4, Tech sector earnings are expected to be up +15.4% from the same period last year on +16.3% higher revenues, the 10th quarter in a row of double-digit earnings growth.This would follow the sector's +27.3% earnings growth on +15.5% higher revenues in 2025 Q3.In addition to the Tech sector's strong growth profile, the sector is also among the few sectors whose earnings outlook is steadily improving. This shows up in the revisions trend that continues to remain positive for the Tech sector, both for Q4 as well as for full year 2026.For calendar year 2026, the Zacks Tech sector is currently expected to enjoy +19.9% earnings growth, which would follow the sector's expected +20.0% earnings growth in 2025.The Tech sector has not only been the largest contributor to aggregate earnings growth, but it has also been enjoying persistent positive estimate revisions, a trend that continues for 2026.The Earnings Big PictureThe Tech sector has an outsized role in the S&P 500 index. The sector is expected to bring 35.9% of the index's total earnings over the coming four-quarter period and currently accounts for 43.1% of the index's total market capitalization. The Tech sector's positive estimate revision trend is a major reason its members enjoy a strong market following and support.Free: Instant Access to Zacks' Market-Crushing StrategiesSince 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached.Get all the details here >>Follow us on Twitter:  https://twitter.com/zacksresearchJoin us on Facebook:  https://www.facebook.com/ZacksInvestmentResearch/Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.comhttps://www.zacks.comZacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks