Magnificent-7 Q2 2026 Earnings Preview: 'Mag-6'" Lags S&P 493

Mag-7 earnings are forecast to grow 32.2% in Q2, versus 26.0% for the S&P 500 - the narrowest growth spread since 2023. Nvidia remains the dominant driver, contributing nearly 65% of the group’s earnings growth. Excluding Nvidia, the “Mag-6” earnings growth rate drops to 14.8%.

Mag-7 earnings are forecast to grow 32.2% in Q2, versus 26.0% for the S&P 500 - the narrowest growth spread since 2023. Nvidia (NVDA) remains the dominant driver, contributing nearly 65% of the