The biggest U.S. technology companies are so dominant, it’s likely you have a relatively large amount of money invested in them because they are heavily weighted in index funds and ETFs.Halfway through earnings season, there are a number of other companies doing something that most of the tech giants have been doing: Maintaining pricing power for their goods and services, even as they increase sales rapidly.
A company’s gross margin is its sales, less the cost of goods sold, divided by sales. It’s a measure of pricing power. All these tech giants except for Apple showed double-digit sales growth, although Apple’s sales increase was quite an improvement from previous quarters, as the iPhone maker worked through the difficulties caused by the trade rift between the U.S. and China. Meanwhile, Apple’s gross margin improved.
Leaving aside the tech giants listed above, here are 23 companies among the S&P 500 that have reported sales increases of at least 10% this earnings season, while also expanding their gross margins. The list is sorted by sales growth:
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