Q4 26 EPS
$1.53
MISS 30.58%
Est. $2.20
Q4 26 Revenue
$842.6M
MISS 3.51%
Est. $873.2M
vs S&P Since Q4 26
+23.1%
BEATING MARKET
RH +35.0% vs S&P +11.9%
Full Year 2026 Results
FY 26 EPS
$6.29
FY 26 Revenue
$3.44B
Market Reaction
Did RH Beat Earnings? Q4 2026 Results
RH delivered a disappointing fourth quarter for fiscal 2025, missing Wall Street on both the top and bottom lines as a combination of tariff-driven supply chain disruptions and adverse weather weighed on results. Adjusted diluted EPS came in at $1.53… Read more RH delivered a disappointing fourth quarter for fiscal 2025, missing Wall Street on both the top and bottom lines as a combination of tariff-driven supply chain disruptions and adverse weather weighed on results. Adjusted diluted EPS came in at $1.53, falling 30.58% short of the $2.20 consensus estimate, while revenue of $842.62 million grew 3.7% year-over-year but missed expectations by 3.51%. The company pointed to roughly $30 million in lost revenue tied to higher-than-expected backorder and special order balances from tariff-related resourcing, plus another $10 million hit from late-quarter weather disruptions, as the key drivers of the shortfall. Despite the revenue miss, GAAP operating margin expanded to 11.5% from 8.7% a year ago on meaningful SG&A leverage, and full-year free cash flow swung to $252.40 million from negative $213.69 million. The miss has drawn scrutiny from investor law firms probing potential securities claims. Looking ahead, RH guided fiscal 2026 revenue growth of 4% to 8%, though a soft Q1 outlook, including a 2% to 4% revenue decline and elevated international expansion costs, signals continued near-term pressure.
Key Takeaways
- • SG&A leverage with expenses declining from 36.0% to 31.4% of revenues in Q4
- • 2-year revenue growth of 15% outpacing industry peers
- • Gross margin of 42.9% in Q4 vs 44.7% prior year
- • Improved operating margin to 11.5% from 8.7% in Q4
RH YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
RH Earnings Trends
RH vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RH EPS Trend
Earnings per share: estimate vs actual
RH Revenue Trend
Quarterly revenue: estimate vs actual
RH Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 | — | $-1.97 | — | $800.3M | — |
| Q4 26 MISS FY | $2.20 | $1.53 | -30.58% | $842.6M | -3.51% |
| FY Full Year | — | $6.29 | — | $3.44B | — |
| Q3 26 MISS | $2.16 | $1.71 | -20.90% | $883.8M | +0.02% |
| Q2 26 MISS | $3.22 | $2.93 | -8.91% | $899.2M | -0.69% |
| Q1 26 BEAT | $-0.07 | $0.13 | +290.62% | $814.0M | -0.56% |
| Q4 25 MISS FY | $1.91 | $1.58 | -17.17% | $812.4M | -2.06% |
| FY Full Year | — | $5.39 | — | $3.18B | — |