LOW Q1 2026 Earnings
Reported May 21, 2025 at 8:47 AM ET · SEC Source
Q1 26 EPS
$2.92
BEAT +1.48%
Est. $2.88
Q1 26 Revenue
$20.93B
MISS 0.18%
Est. $20.97B
vs S&P Since Q1 26
-19.7%
TRAILING MARKET
LOW +3.8% vs S&P +23.6%
Market Reaction
Did LOW Beat Earnings? Q1 2026 Results
Lowe's posted a mixed first quarter for fiscal 2026, delivering a narrow earnings beat against a backdrop of falling sales as cautious consumers pulled back on big-ticket spending. Diluted EPS of $2.92 edged past the $2.88 consensus estimate by 1.48%… Read more Lowe's posted a mixed first quarter for fiscal 2026, delivering a narrow earnings beat against a backdrop of falling sales as cautious consumers pulled back on big-ticket spending. Diluted EPS of $2.92 edged past the $2.88 consensus estimate by 1.48%, but revenue of $20.93 billion fell just short of the $20.97 billion Wall Street expected and slid 2.0% from the year-ago period, with comparable sales declining 1.7%. The most material drag was a sharp drop in transactions above $500, which fell 3.8%, as shoppers demonstrated clear reluctance to commit to larger discretionary purchases, a pattern that weighed broadly on DIY demand. Unfavorable early-quarter weather compounded the pressure, though Pro and online comparable sales both posted mid-single-digit growth, offering meaningful offsets. Gross margin expanded 19 basis points to 33.4%, underscoring disciplined cost management even as operating margin contracted 50 basis points to 11.9%. Looking ahead, Lowe's affirmed its full-year 2025 outlook, projecting total sales of $83.50 billion to $84.50 billion and diluted EPS of $12.15 to $12.40.
Key Takeaways
- • Pro comparable sales grew mid-single digits
- • Online comparable sales grew mid-single digits
- • Gross margin expanded 19 basis points year-over-year to 33.4%
- • Unfavorable weather earlier in the quarter pressured comparable sales
- • Later Easter timing benefited March by approximately 250bps and pressured April by a similar amount
- • Comp transactions declined 5.4% while average ticket increased 1.7% to $105.20
- • Only 3 of 15 regions delivered comp growth above company average
- • 4 of 14 product categories (Appliances, Building Materials, Rough Plumbing, Hardware) performed above company average
LOW YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“Despite near-term uncertainty and housing market headwinds, our team's unwavering focus on exceptional customer service has elevated satisfaction scores and earned Lowe's the #1 ranking in Customer Satisfaction among Home Improvement Retailers by J.D. Power.”
— Marvin R. Ellison, Q1 2026 Earnings Press Release
LOW Earnings Trends
LOW vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LOW EPS Trend
Earnings per share: estimate vs actual
LOW Revenue Trend
Quarterly revenue: estimate vs actual
LOW Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 MISS FY | $2.07 | $1.98 | -4.35% | $20.58B | +1.14% |
| FY Full Year | $12.26 | $12.28 | +0.17% | $86.29B | +0.27% |
| Q3 26 BEAT | $2.95 | $3.06 | +3.61% | $20.81B | -0.15% |
| Q2 26 BEAT | $4.24 | $4.33 | +2.15% | $23.96B | +0.01% |
| Q1 26 BEAT | $2.88 | $2.92 | +1.48% | $20.93B | -0.18% |