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Tech Contributed ~76% Of Earnings Growth

Andreessen HorowitzSeptember 2026
Tech Contributed ~76% Of Earnings Growth
Chart by Andreessen Horowitz. Source: a16z.com

This chart illustrates the annual change in net income for S&P 500 companies split between Tech and Non-Tech sectors from 2018 to 2026, showing that Tech accounts for approximately 76% of earnings growth in 2026.

LabelValue shown on the chart
2026 Tech Share76%

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