HOME DEPOT – Q2 2026 Sales Up 5.7%

By Tamara Parker • Tuesday, August 18 13:03 • Permanent Link

Home Depot reported second-quarter fiscal 2026 sales of $47.9 billion, up $2.6 billion, or 5.7%, from $45.3 billion a year earlier.

Comparable sales increased 1.7% in the quarter, with U.S. comparable sales up 1.3%.

Net earnings rose to $4.8 billion from $4.6 billion in the same quarter last year. Diluted earnings per share increased to $4.79 from $4.58. Adjusted diluted earnings per share climbed to $4.92 from $4.68.

The company said results came in ahead of expectations, with management pointing to broad-based demand and smaller project activity.

For fiscal 2026, Home Depot reaffirmed its outlook. It is still targeting total sales growth of about 2.5% to 4.5%, comparable sales growth of roughly flat to 2.0%, and about 15 new stores. It also kept its gross margin outlook at about 33.1%, operating margin at 12.4% to 12.6%, and adjusted operating margin at 12.8% to 13.0%.

The company maintained its effective tax rate forecast at about 24.3% and net interest expense at roughly $2.3 billion. It also kept its diluted earnings-per-share growth outlook at approximately flat to 4.0% from $14.23 in fiscal 2025, and its adjusted diluted earnings-per-share growth outlook at approximately flat to 4.0% from $14.69.

At quarter-end, Home Depot operated 2,364 retail stores and more than 1,340 SRS locations across the U.S., Canada, Mexico, Puerto Rico, the U.S. Virgin Islands and Guam. Today the company's shares have moved 0.69% to a price of $340.205. For the full picture, make sure to review HOME DEPOT, INC.'s 8-K report.

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