Nine tech stocks are powering the enthusiasm for corporate earnings this year.
The analysis: Upward earnings revisions for the tech sector this year have mostly come from memory chip names in Sandisk (SNDK), Micron (MU), Lumentum Holdings (LITE), Intel (INTC), Western Digital (WDC), and Seagate Technology (STX), according to new research from Evercore ISI strategist Julian Emanuel
These six names have seen analyst earnings estimates increase by 50% or more for 2026. The bullish profit vibe is also evident in the consumer discretionary sector. Amazon’s (AMZN) earnings estimates have been revised higher by 10% year to date, the third-highest in its sector.
However, more than 50% of the discretionary names in the sector have seen downward estimate revisions to their 2026 numbers since the start of the year. Alphabet (GOOG, GOOGL) and Meta’s (META) latest earnings reports have fueled 25% and 10% upward 2026 EPS revisions, respectively, since the start of the year. AI’s impact on profit estimates: Wall Street’s earnings optimism is clearly running hot on AI, which makes sense.