Zacks Earnings Trends Highlights: Micron, Nvidia and Alphabet

What happened

Zacks’ November 13, 2026 earnings report says third-quarter earnings for 451 S&P 500 companies that had reported were up 24.6% year over year, while revenues rose 13.5%. It reports that estimates for fourth-quarter 2026 and full-year 2027 continued to rise.

Confirmed

Global impact / market context

Higher earnings and revenue across many reported companies can support their capacity to fund operations and investment from business income. Rising estimates also suggest analysts expect results to improve, which could influence how investors value stocks, though the excerpt provides no company-specific outlook for Micron, Nvidia, or Alphabet.

Analyst inference

The report describes growth beyond technology: excluding that sector, earnings for the rest of the S&P 500 would still be up 19.9%, compared with 28.8% for the index otherwise. This points to broad earnings strength, while showing technology’s substantial contribution to the overall gain.

Confirmed

What to watch

1. Watch whether later reporting confirms the stated 19.9% earnings growth outside technology; a weaker result would suggest the broader strength is less durable than this report indicates. Analyst inference
2. Follow subsequent revisions to fourth-quarter 2026 and full-year 2027 earnings estimates, which are forecasts; continued increases could reinforce expectations of stronger company earnings. Analyst inference
3. Check the full report for the unfinished energy-sector comparison and further company details; the supplied excerpt does not state how energy affected the overall earnings figures. Confirmed

Evidence

• zacks.com