Q1 26 EPS
$3.56
MISS 0.81%
Est. $3.59
Q1 26 Revenue
$39.86B
BEAT +1.55%
Est. $39.25B
vs S&P Since Q1 26
-35.3%
TRAILING MARKET
HD -13.7% vs S&P +21.6%
Market Reaction
Did HD Beat Earnings? Q1 2026 Results
Home Depot delivered a mixed first quarter for fiscal 2026, posting adjusted diluted EPS of $3.56 that fell just short of the $3.59 consensus estimate by 0.81%, while revenue of $39.86 billion edged 1.55% above expectations and climbed 9.4% year-over… Read more Home Depot delivered a mixed first quarter for fiscal 2026, posting adjusted diluted EPS of $3.56 that fell just short of the $3.59 consensus estimate by 0.81%, while revenue of $39.86 billion edged 1.55% above expectations and climbed 9.4% year-over-year. The headline sales growth, however, tells only part of the story: the bulk of that gain came from the June 2024 acquisition of SRS Distribution, which contributed $2.6 billion to the quarter, while comparable sales slipped 0.3% company-wide as the soft housing market and elevated interest rates continued to weigh on big-ticket demand. Profitability reflected the cost of the deal, with GAAP operating margin contracting to 12.9% from 13.9% a year ago as SRS-related amortization and higher interest expense pressured earnings. CEO Ted Decker struck a steady tone, reaffirming full-year guidance for roughly 2.8% total sales growth and adjusted EPS declining approximately 2% from $15.24, while signaling the company has no plans to raise prices in response to tariffs.
Key Takeaways
- • Continued customer engagement in smaller projects and spring seasonal events
- • SRS Distribution acquisition contributed to 9.4% total sales growth
- • Customer transactions increased 2.1% to 394.8 million
- • Average ticket was essentially flat at $90.71
- • U.S. comparable sales increased 0.2% while total comparable sales declined 0.3%
- • Foreign exchange rates negatively impacted total company comparable sales by approximately 70 basis points
HD YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“Our first quarter results were in line with our expectations as we saw continued customer engagement across smaller projects and in our spring events.”
— Ted Decker, Q1 2026 Earnings Press Release
HD Earnings Trends
HD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HD EPS Trend
Earnings per share: estimate vs actual
HD Revenue Trend
Quarterly revenue: estimate vs actual
HD Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $2.52 | $2.72 | +7.94% | $38.20B | +0.21% |
| FY Full Year | $14.50 | $14.69 | +1.30% | $164.68B | +0.05% |
| Q3 26 MISS | $3.83 | $3.74 | -2.45% | $41.35B | +0.56% |
| Q2 26 MISS | $4.69 | $4.68 | -0.31% | $45.28B | -0.07% |
| Q1 26 MISS | $3.59 | $3.56 | -0.81% | $39.86B | +1.55% |
| Q4 23 | $2.77 | — | — | — | — |
| Q1 23 BEAT | $3.80 | $3.82 | +0.53% | $37.26B | -2.68% |