US Q3 earnings season begins, with the tech sector expected to grow 43.3%

ChainCatcher report: The U.S. Q3 earnings season kicks off this week. According to Zacks data, S&P 500 companies are expected to post a year-over-year profit growth of 24.3%, marking the eighth consecutive quarter of double-digit growth, with the technology sector projected to lead at 43.3% growth. The AI narrative has now entered its fourth year, and investor focus has shifted toward evidence of consistent profit growth. Companies failing to meet market expectations may face heightened downward pressure on stocks that previously rose on AI-related optimism. Key tech earnings release dates include: SMIC on October 14, TSMC on October 15, Netflix on October 20, Tesla on October 21, Western Digital on October 22, SK Hynix on October 27, Alphabet and Microsoft on October 28, Intel, Amazon, and SanDisk on October 29, Kioxia on October 30. In November: Apple and Palantir on November 2, AMD and SpaceX on November 3, Meta and Arm on November 4, Cisco on November 11, Applied Materials on November 12, NVIDIA on November 18, Dell on November 24. On December 1, Marvell and CrowdStrike will report. These dates are projections and may be subject to change.