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Best Buy

BBY Q4 2026 Earnings

Reported Mar 3, 2026 at 2:01 AM ET · SEC Source

Q4 26 EPS

$2.61

BEAT +5.67%

Est. $2.47

Q4 26 Revenue

$13.81B

vs S&P Since Q4 26

-10.8%

TRAILING MARKET

BBY -4.9% vs S&P +5.9%

Full Year 2026 Results

FY 26 EPS

$6.43

BEAT +1.96%

Est. $6.31

FY 26 Revenue

$41.69B

MISS 0.19%

Est. $41.77B

Market Reaction

Did BBY Beat Earnings? Q4 2026 Results

Best Buy closed out fiscal year 2026 on a quietly impressive note, delivering Q4 earnings per share of $2.61 against a consensus estimate of $2.47, a 5.67% beat, even as revenue of $13.81 billion fell just shy of the $13.89 billion Wall Street expect… Read more Best Buy closed out fiscal year 2026 on a quietly impressive note, delivering Q4 earnings per share of $2.61 against a consensus estimate of $2.47, a 5.67% beat, even as revenue of $13.81 billion fell just shy of the $13.89 billion Wall Street expected and slipped 1.0% year-over-year. The profit outperformance wasn't accidental: adjusted operating income rate expanded to 5.0% from 4.9% a year ago, with disciplined cost management and growth in higher-margin streams like Best Buy Ads and Marketplace revenue offsetting softer product margins. Computing and mobile phones, now representing 47% of domestic revenue mix, provided meaningful lift while home theater and appliances remained a drag. Shares climbed roughly 7% on the results, reflecting investor appreciation for the company's leaner operating model. Looking ahead, Best Buy guided FY27 revenue of $41.20 billion to $42.10 billion with adjusted diluted EPS of $6.30 to $6.60, and bumped its quarterly dividend 1% to $0.96 per share.

Key Takeaways

  • • Computing and mobile phones growth offset declines in home theater and appliances
  • • Best Buy Ads growth and Marketplace revenue contributed to domestic gross profit rate stability
  • • Lower compensation expense including incentive compensation reduced SG&A
  • • Domestic comparable sales declined 0.8% driven by home theater and appliances weakness
  • • Consumer Electronics comparable sales declined 7.3% domestically
  • • Computing and Mobile Phones comparable sales grew 5.4% domestically
  • • Online revenue was 39.0% of total Domestic revenue
  • • Lower effective tax rate due to lapping nondeductible Best Buy Health goodwill impairment from prior year

BBY Forward Guidance & Outlook

For FY27, Best Buy expects revenue of $41.2 billion to $42.1 billion, comparable sales change of -1.0% to +1.0%, adjusted operating income rate of 4.3% to 4.4%, adjusted effective income tax rate of approximately 25.5%, adjusted diluted EPS of $6.30 to $6.60, and capital expenditures of approximately $750 million. For Q1 FY27, the company expects comparable sales growth of approximately 1% and an adjusted operating income rate of approximately 3.9%. The company also plans approximately $300 million in share repurchases during FY27.

24/7 Wall St

BBY YoY Financials

Q4 2026 vs Q4 2025, source: SEC Filings

24/7 Wall St

BBY Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q4 26

“We are pleased to report better-than-expected profitability for the fourth quarter. Our comparable sales, while within our guidance range, declined 0.8% compared to last year. Our data sources show our overall market share was at least flat, pointing to slightly softer customer demand for our industry during the holiday quarter.”

— Corie Barry, Q4 2026 Earnings Press Release

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