Q2 26 EPS
$4.68
MISS 0.31%
Est. $4.69
Q2 26 Revenue
$45.28B
MISS 0.07%
Est. $45.31B
vs S&P Since Q2 26
-32.5%
TRAILING MARKET
HD -19.9% vs S&P +12.6%
Market Reaction
Did HD Beat Earnings? Q2 2026 Results
Home Depot delivered a largely in-line second quarter for fiscal 2025, with results that narrowly missed Wall Street's expectations but underscored a meaningful recovery in comparable sales. Adjusted diluted EPS came in at $4.68, just 0.31% below the… Read more Home Depot delivered a largely in-line second quarter for fiscal 2025, with results that narrowly missed Wall Street's expectations but underscored a meaningful recovery in comparable sales. Adjusted diluted EPS came in at $4.68, just 0.31% below the $4.69 consensus, while revenue of $45.28 billion fell $0.03 billion short of estimates yet still represented 4.9% growth year-over-year. The clearest bright spot was a 1.0% comparable sales gain, swinging positive from the prior year's negative 3.3% comp, as customers returned to smaller home improvement projects and U.S. Comps rose 1.4%. The recovery, however, came at a cost to margins; operating margin compressed to 14.5% from 15.1% a year ago as SG&A expenses climbed 8.7% and amortization charges tied to the SRS Distribution acquisition weighed heavily on profitability. Some analysts have speculated that tariff-related price dynamics may have provided a modest lift to average ticket, which rose 1.4% to $90.01. Looking ahead, management reaffirmed its full-year guidance, projecting approximately 2.8% total sales growth and adjusted diluted EPS declining roughly 2% from fiscal 2024's $15.24.
Key Takeaways
- • Customers engaged more broadly in smaller home improvement projects
- • Continued market share gains
- • Comparable sales turned positive at 1.0% (U.S. comps up 1.4%)
- • Average ticket increased 1.4% to $90.01
- • SRS Distribution acquisition contributing to top-line growth
HD YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“Our second quarter results were in line with our expectations. The momentum that began in the back half of last year continued throughout the first half as customers engaged more broadly in smaller home improvement projects.”
— Ted Decker, Q2 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% |