# S&P 500's Other 493 Companies Forecast to Outgrow Magnificent Seven in Q4

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/35198
Published: 2026-10-20T01:46:59.000Z
Updated: 2026-10-20T01:46:59.000Z
Section: Investing

> Fourth-quarter earnings growth is projected at 30.6% for the other 493 companies, compared with 23.6% for the seven.

The S&P 500's 493 companies outside the Magnificent Seven are projected to deliver stronger year-over-year earnings growth in the fourth quarter, a lead they have not held since the fourth quarter of 2022.

Earnings for the 493 companies are forecast to rise 30.6% from a year earlier, compared with 23.6% for the Magnificent Seven. The comparison remains a forecast; it does not reflect completed fourth-quarter results.

The third-quarter picture runs the other way. The seven are estimated to post 33.2% earnings growth, ahead of 27.7% for the rest of the index. The figure for the other 493 combines results already reported with estimates for companies yet to report.

NVIDIA and Meta Platforms make the largest contributions to the seven's projected third-quarter growth. Excluding those two companies, estimated earnings growth for the remaining five falls to 7.5%. That gap shows how much of the group's current growth estimate rests on two members, even as the broader set is forecast to lead in the following quarter.

Meta Platforms and Tesla are scheduled to report third-quarter results Oct. 21.