Here’s a summary of the MAG 7 earnings — that is, the combined financial performance of the seven biggest U.S. tech companies (Apple, Microsoft, Alphabet/Google, Amazon, Nvidia, Meta Platforms, and Tesla), which are often tracked together because of their outsized impact on markets:

Latest Earnings Trends & Results

1. Recent quarterly earnings (most data from late 2025 reporting):

Very strong — revenue jumped dramatically (e.g., ~62.5% YoY to ~$57 billion in one quarter), with net income also surging, driven by AI chip demand.

Meta Platforms: Delivered strong topline growth (second-highest among the group recently) with about $51 billion in revenue and continued AI-driven ad strength.

Microsoft: Solid growth, e.g., around ~$77 billion in revenue in a reported quarter with strong Azure/cloud performance.

Amazon: Revenue increased (e.g., ~13% YoY in one quarter) with AWS cloud showing high growth.

Alphabet: Reported a ~$100 billion quarter with strong search and cloud numbers.

Apple & Tesla: Apple grew more modestly, while Tesla’s revenue rose but profit margins were under pressure in the latest snapshots.

2. Aggregate performance:

In Q4 2024 (reported 2025), the MAG 7 combined revenue was ~$509 billion, growing ~12.8% YoY. Their net profit margin was ~25.8%, nearly double the S&P 500 average.

Analysts expected MAG 7 aggregate earnings growth of around 12-13% in early 2025 periods, which is a slowdown from prior quarters but still solid relative to broad market growth.

Contribution to Broader Market

The MAG 7 companies account for a very large share of total S&P 500 earnings — roughly 25–26% of all earnings in 2025, up from about 23% in 2024.

They also contribute significantly to overall earnings growth of the index, though some forecasts suggest their share of growth may moderate in 2025 vs. 2024.

What This Means for Investors

The group’s earnings performance remains strong, especially in AI-linked segments (cloud, ads, data center chips).

However, growth rates have moderated compared with the rapid expansion seen earlier in the AI boom, and performance varies widely across the seven companies.