Revenue Growth Driven by Top-Line Expansion
Net sales grew 4.8% YoY to $41.8B in Q2 FY2026, up from $39.9B in the prior-year period, suggesting continued demand for home improvement products and services despite a challenging macro backdrop.
HOME DEPOT, INC. is expected to release its Q3 2026 10-Q filing on August 18, 2026. Last quarter: Home Depot delivered Q2 FY2026 revenue of $41.8B (+4.8% YoY), but profitability compressed with net income falling 4.2% to $3.3B as cost pressures and higher SG&A weighed on margins, while operating cash flow surged 39.5% to $6.0B.
EPS Estimate
$4.87
Revenue Estimate
$48.69B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the HD page.
Drawn from management commentary in the Q2 2026 10-Q:
Net sales grew 4.8% YoY to $41.8B in Q2 FY2026, up from $39.9B in the prior-year period, suggesting continued demand for home improvement products and services despite a challenging macro backdrop.
Gross margin declined approximately 77 basis points YoY to 33.0% (from 33.8%), as cost of revenue grew faster than sales at +6.0% vs. +4.8%. SG&A expenses also rose 5.7% YoY to $8.0B, contributing to operating margin contraction of roughly 95 bps to 11.9%.
Operating income fell 3.0% YoY to $5.0B and net income dropped 4.2% to $3.3B, indicating that cost inflation and higher operating expenses are outpacing top-line growth and pressuring the bottom line.
Revenue
$41.77B
++4.79% YoY
EPS (Basic)
$3.31
-4.34% YoY
Gross Margin
33.0%
-0.77% YoY
Operating Income
$4.98B
-2.96% YoY
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