Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Elevated headline risks resulting from geopolitical turmoil have joined pre-existing worries about the future of software businesses and the seemingly ever-rising spending by the Mag 7 companies.

This networking company is experiencing remarkable earnings growth driven by artificial intelligence-fueled demand. Artificial intelligence (AI) infrastructure spending is poised to jump significantly in 2026, with a recent report from CNBC suggesting that the capital expenditures (capex) of the top four hyperscalers in the U.