S&P 4th-Qtr Earnings Outlook Up 13% as Big Tech Cautious on AI

As of February 6, 2026, 59% of S&P 500 (^GSPC) companies have released fourth-quarter earnings, per FactSet. Analysts estimate a 13% rise in earnings per share for Q4, up from 8.3% expected, signaling the 10th consecutive quarter of annual earnings growth and the fifth consecutive quarter of double-digit gains. Big Tech capital expenditures and ongoing themes—artificial intelligence, Trump-era trade and economic policies, and a K-shaped consumer economy—continue to shape expectations. This week, attention shifts to KO, SPOT, HOOD, LYFT, F, RIVN, MRNA, ABNB, and COIN for fresh insights.