Home Depot Q2 sales beat estimates on broad-based demand

The Home Depot

18/08/2026 11:11

Overview
Home improvement retailer's fiscal Q2 sales rose 5.7%, beating analyst expectations
Adjusted diluted EPS for fiscal Q2 rose 5.1% to $4.92
Company reaffirmed fiscal 2026 guidance for sales and EPS growth

Outlook
Home Depot reaffirms fiscal 2026 guidance, including total sales growth of 2.5% to 4.5%
Company expects fiscal 2026 comparable sales growth of flat to 2.0%
Home Depot sees fiscal 2026 diluted EPS growth of flat to 4.0% from $14.23 in fiscal 2025

Result Drivers
BROAD-BASED DEMAND - Co said demand was strong across the business, with customers focused on smaller projects
INVESTMENTS AND EXECUTION - Co attributed results to investments across the business and associates' focus on customer service

Company press release: ID:nPn6jbTyga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$47.86 bln
$47.27 bln (24 Analysts)
Q2 EPS
 
$4.79
 
Q2 Net Income
 
$4.77 bln
 
Q2 Operating Income
 
$6.84 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 16 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the home improvement products & services retailers peer group is "buy"
Wall Street's median 12-month price target for The Home Depot, Inc. is $378.00, about 11.9% above its August 17 closing price of $337.88
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)