S&P 500 Eyes 13% Q4 EPS Growth Amid Big Tech CAPEX and AI Themes

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. The AI-driven capital expenditures by Big Tech and ongoing themes—artificial intelligence, Trump-era trade policies, and a K-shaped consumer economy—continue to shape market expectations. This week, attention shifts to reports from KO (Coca-Cola), SPOT (Spotify), HOOD (Robinhood), LYFT (Lyft), F (Ford), RIVN (Rivian), MRNA (Moderna), ABNB (Airbnb), and COIN (Coinbase).