Home Depot Q2 2026: Revenue Exceeds Expectations as Renovation Demand Holds
As seen on the 24/7 Wall St. homepage on August 18, 2026.
Homeowners stuck with 6.5% mortgages are renovating instead of moving, and Home Depot just banked it: comparable average ticket rose 2.8% to $92.50. Sales grew 5.7% year over year, beating expectations, and full-year guidance of 2.5% to 4.5% sales growth was reaffirmed. The small-project cycle is still funding it.
Continue ReadingShow less
The locked-in homeowner trade is still paying: Home Depot's fiscal second quarter net sales of $47.86 billion came in ahead of expectations as owners sitting on 6.5% mortgages renovate instead of selling.
Comparable average ticket rose 2.8% to $92.50 while comparable transactions declined 1.0%, so growth came from bigger baskets.
Gross margin expanded to 33.7% from 33.4% a year ago even as SG&A grew with the SRS Distribution integration and its push into the professional contractor market.
Sponsored
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Management reaffirmed full fiscal 2026 sales growth of 2.5% to 4.5%, with IEEPA tariff refunds offsetting higher input costs. Trade policy is the swing factor into the back half.
Adjusted diluted EPS of $4.92 is the strongest quarter in the period shown, evidence that the small-project renovation cycle keeps building.
Mentioned: HD