Home Depot beats Q2 forecasts, reaffirms fiscal 2026 guidance

Published Aug 18, 12:17 PM UTC

Home Depot Inc. reported stronger-than-expected second-quarter results for fiscal 2026, with adjusted earnings per share of $4.92 beating the consensus estimate of $4.73, and revenue rising 5.7% year-on-year to $47.86 billion, exceeding Wall Street expectations of $47.23 billion. Comparable sales increased 1.7% overall and 1.3% in U.S. operations, driven by continued customer demand for smaller home improvement projects. Net earnings rose to $4.8 billion from $4.6 billion a year earlier. The company reaffirmed its full-year fiscal 2026 guidance, including adjusted EPS growth of flat to 4.0% and total sales growth of 2.5% to 4.5%. Home Depot expects IEEPA tariff refunds to partially offset cost pressures from higher fuel, energy, and product input costs. The retailer plans to open approximately 15 new stores during the fiscal year. Shares rose about 1.7% in pre-market trading following the announcement.