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Get filing alertsHome Depot reports Q2 sales of $47.9B (+5.7% YoY), EPS of $4.79, reaffirms FY2026 guidance
Filed August 18, 2026 · Period ending August 18, 2026 · ~1 min read
Key Changes
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Q2 fiscal 2026 sales reached $47.9 billion, up 5.7% year-over-year, with comparable sales up 1.7% (U.S. comps +1.3%). Net earnings were $4.8 billion, or $4.79 per diluted share, compared to $4.58 per share in the prior-year quarter.
Exhibit 99.1 view on EDGAR → -
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Company reaffirmed full-year fiscal 2026 guidance: total sales growth of 2.5%–4.5%, comparable sales growth of flat to 2.0%, and diluted EPS growth of flat to 4.0% from $14.23 in fiscal 2025. Guidance incorporates expected IEEPA tariff refunds to partially offset unplanned fuel, energy, and product input cost increases.
Exhibit 99.1 view on EDGAR → -
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Comparable customer transactions declined 1.0%, offset by a 2.8% increase in comparable average ticket, reflecting customers engaging in smaller projects with higher per-transaction spending.
Exhibit 99.1 view on EDGAR → -
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Gross profit increased 6.5% to $16.1 billion and operating income rose 4.3% to $6.8 billion. Operating cash flow for the six months ended August 2, 2026 was $11.4 billion, up from $9.0 billion in the prior-year period.
Exhibit 99.1 view on EDGAR → -
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Adjusted diluted EPS (excluding acquired intangible asset amortization) was $4.92, up 5.1% from $4.68 in the prior-year quarter, removing the impact of amortization from acquisitions like SRS Distribution.
Exhibit 99.1 view on EDGAR →
Summary
Home Depot delivered solid second-quarter fiscal 2026 results, with sales of $47.9 billion representing 5.7% year-over-year growth and earnings per share of $4.79, up 4.6% from the prior-year quarter. Comparable sales rose 1.7%, driven by a 2.8% increase in average ticket that more than offset a 1.0% decline in customer transactions.
Management attributed the performance to broad-based demand for smaller projects and strong execution by associates. Operating cash flow for the first half of fiscal 2026 reached $11.4 billion, up from $9.0 billion in the prior-year period, reflecting robust operational performance.
The company reaffirmed its full-year fiscal 2026 guidance, projecting total sales growth of 2.5% to 4.5%, comparable sales growth of flat to 2.0%, and diluted EPS growth of flat to 4.0% from $14.23 in fiscal 2025. The guidance incorporates expected IEEPA tariff refunds that are anticipated to partially offset unplanned increases in fuel, energy, and other product input costs. For retail investors, the reaffirmed guidance and solid Q2 execution suggest management remains confident in the company's ability to navigate the current operating environment while maintaining profitability.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Gross profit 16,115 15,125 6.5 ... Operating income 6,839 6,555 4.3 ... Comparable customer transactions (% change) (1) (1.0) % (0.4) % N/A ... Comparable average ticket (% change) (1) 2.8 % 1.4 % N/A
Gross profit for Q2 fiscal 2026 was $16.1 billion, up 6.5% year-over-year, while operating income was $6.8 billion, up 4.3%. Comparable customer transactions declined 1.0%, but this was more than offset by a 2.8% increase in comparable average ticket, reflecting customers engaging in smaller projects with higher per-transaction spending.
Added in current filing · view on EDGAR →
Merchandise inventories 26,847 24,843 25,817 ... Total stockholders’ equity 16,617 10,665 12,813 ... Net cash provided by operating activities 11,422 8,968
As of August 2, 2026, merchandise inventories were $26.8 billion, up from $24.8 billion a year earlier. Total stockholders' equity increased to $16.6 billion from $10.7 billion in the prior year. For the six months ended August 2, 2026, net cash provided by operating activities was $11.4 billion, up from $9.0 billion in the prior-year period, reflecting strong operational performance.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 19, 2026 · How we verify