Home Depot (HD) Q2 2026 Earnings
How Did HD Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: −0.75%.
Did HD Beat Earnings? Q2 2026 Results
Yes. Home Depot reported Q2 2026 earnings of $4.92 a share on Aug 18, 2026, beating the $4.73 consensus estimate by 4.0%. Revenue was $47.9B against a $47.2B estimate.
Home Depot delivered a solid second-quarter fiscal 2026 performance, beating analyst expectations on both the top and bottom lines as broad-based demand for smaller home improvement projects kept registers busy. Adjusted diluted EPS came in at $4.92, clearing the $4.73 consensus estimate by 3.96%, while net sales of $47.86 billion rose 5.7% year over year and edged past the $47.24 billion consensus by 1.32%. The key driver behind the revenue beat was a 2.8% lift in comparable average ticket to $92.50, which helped offset a 1.0% decline in comparable customer transactions, a pattern reflecting fewer but higher-value shopping trips. Gross profit expanded 6.5% to $16.11 billion, supporting a gross margin of roughly 33.7%. The results land against a persistent housing headwind, with mortgage lock-in keeping turnover near historic lows and Home Depot's own CFO acknowledging no clear inflection point on the horizon. Even so, management reaffirmed fiscal 2026 guidance, calling for total sales growth of 2.5% to 4.5% and adjusted diluted EPS growth of flat to 4.0% from last year's $14.69 base.
- Broad-based demand across the business as customers continued to engage in smaller projects
- Comparable sales increased 1.7% (1.3% in the U.S.)
- Comparable average ticket increased 2.8% to $92.50
- Investments across the business and associates' focus on customer service
What Is Home Depot's Outlook?
The Home Depot reaffirmed its fiscal 2026 guidance: total sales growth of approximately 2.5% to 4.5%; comparable sales growth of approximately flat to 2.0%; approximately 15 new stores; gross margin of approximately 33.1%; operating margin of approximately 12.4% to 12.6% (adjusted operating margin of 12.8% to 13.0%); effective tax rate of approximately 24.3%; net interest expense of approximately $2.3 billion; diluted EPS growth of approximately flat to 4.0% from $14.23 in fiscal 2025; adjusted diluted EPS growth of approximately flat to 4.0% from $14.69 in fiscal 2025; and capital expenditures of approximately 2.5% of total sales. Guidance includes IEEPA tariff refunds expected to partially offset unplanned fuel, energy, and other product input costs throughout the fiscal year.
HD YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $47.9B | $45.3B | +5.7% |
| Gross Profit | $16.1B | $15.1B | +6.6% |
| Operating Income | $6.8B | $6.6B | +4.3% |
| Net Income | $4.8B | $4.6B | +4.7% |
When Does Home Depot Report Next?
Figures from SEC filings and company reports. Not investment advice.