Home Depot (HD) Q1 2026 earnings

Key Points:

• Home Depot reported better-than-expected fiscal first-quarter results, with adjusted earnings per share of $3.43 versus the $3.41 expected and revenue of $41.77 billion compared to $41.52 billion anticipated, leading the company to reaffirm its full-year guidance.
• Despite challenges like higher gas prices, declining consumer confidence, and a sluggish housing market, Home Depot's core homeowner customers remain financially resilient but are deferring spending on larger projects.
• Comparable sales growth was modest at 0.6%, below expectations, marking the third consecutive quarter with minimal changes, while comparable transactions declined for the fourth straight quarter, reflecting ongoing pressures in the home improvement sector.
• Home Depot is focusing on expanding its professional customer base, which accounts for about 50% of revenue, through acquisitions such as SRS Distribution and GMS, aiming to capture a larger share of the $700 billion professional market.
• Recent geopolitical tensions have caused mortgage rates to rise again, dampening earlier hopes for a housing market rebound, but Home Depot continues to invest in pro capabilities to drive future growth.