This has been a historic earnings season: So far, 69.0% of US companies have beaten revenue expectations in Q3 2025, the highest since 69.1% in Q4 2021. This marks a significant improvement from 53.3% a year ago. This is also on track to be the 5th strongest quarter in at least 13 years. By comparison, the record during this period was 83.1%. However, all eyes are on the Magnificent 7 stocks which are set to report this week, including Alphabet, Amazon, Apple, Meta, and Microsoft. Collectively, they reflect ~25% of the S&P 500 market's cap. Big tech is on deck.