BBY Q1 2026

Q4 2026 Q3 2026 Q2 2026 Q1 2026

Earnings

Best Buy delivered a mixed first quarter for fiscal 2026, posting adjusted diluted EPS of $1.15 against a consensus estimate of $1.09, a 5.04% beat, while revenue of $8.77 billion came in just short of the $8.82 billion Wall Street expected, falling … Read more Best Buy delivered a mixed first quarter for fiscal 2026, posting adjusted diluted EPS of $1.15 against a consensus estimate of $1.09, a 5.04% beat, while revenue of $8.77 billion came in just short of the $8.82 billion Wall Street expected, falling 0.9% year-over-year. The profit outperformance was partly overshadowed by $109 million in restructuring charges tied to Best Buy Health, which widened the gap between GAAP earnings of $0.95 per share and the adjusted figure. On the top line, a 0.7% comparable sales decline in the Domestic segment, a meaningful improvement from the 6.1% drop a year ago, reflected strength in computing and mobile phones, offset by weakness in home theater and appliances. Services and membership growth helped lift domestic gross margins by 10 basis points. Looking ahead, the company trimmed its full-year revenue outlook to $41.10 billion–$41.90 billion and narrowed adjusted EPS guidance to $6.15–$6.30, citing tariff pressures while assuming no material shift in consumer behavior, a caveat that sent shares down roughly 8% following the report.