Target (TGT) Q1 2026 Earnings

Yes. Target reported Q1 2026 earnings of $1.71 a share on May 20, 2026, beating the $1.46 consensus estimate by 17.0%. Revenue was $25.4B against a $24.7B estimate.

Target Corporation delivered a standout first quarter of fiscal 2026, posting adjusted EPS of $1.71 against a consensus estimate of $1.46, a beat of roughly 17%, while revenue of $25.44 billion grew 6.7% year over year and cleared Wall Street's $24.66 billion estimate by 3.19%. The headline driver was broad-based comparable sales growth of 5.6%, fueled by a 4.4% rise in comparable traffic and reversing the prior year's negative 3.8% comp, a swing that signaled genuine consumer re-engagement with the brand. Digital comparable sales climbed 8.9%, with same-day delivery accelerating more than 27%, and non-merchandise revenue, including Roundel advertising and Target Circle 360 membership fees, jumped nearly 25%. Gross margin expanded to 29.0% from 28.2%, reflecting better supply chain productivity and lower markdown rates. With momentum building across all six core merchandising categories, Target raised its full-year 2026 outlook, now guiding for net sales growth of around 4% and adjusted EPS near the high end of its $7.50 to $8.50 range, even as peers like Costco continue posting robust comparable sales gains of their own.