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

As of February 6, 2026, 59% of S&P 500 (^GSPC) companies have released fourth-quarter earnings, according to FactSet. Analysts estimate a 13% increase in earnings per share for Q4, on pace for the 10th consecutive quarter of annual earnings growth and the fifth consecutive quarter of double-digit gains. Expectations for Q4 EPS growth stand at 8.3%, down from 13.6% in the prior quarter, reflecting higher guidance especially in technology sectors. Key themes — AI investment, policy-driven macroeconomic dynamics, and a K-shaped consumer economy — continue to shape earnings expectations this week. Major reportees include KO, SPOT, HOOD, LYFT, F, RIVN, MRNA, ABNB, and COIN.