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Home Depot (HD) Q2 2026 earnings
CNBC • • general
Key Points:
- Home Depot reported fiscal second-quarter earnings per share of $4.92 and revenue of $47.86 billion, both exceeding Wall Street expectations, with net income rising to $4.77 billion from $4.55 billion the previous year.
- Comparable sales increased by 1.7%, the highest since Q3 2022, driven by strong engagement across both professional and do-it-yourself customer segments despite a "frozen housing market."
- The company reaffirmed its full fiscal year 2026 guidance, expecting total sales growth of 2.5% to 4.5% and operating margins between 12.4% and 12.6%, supported by tariff refunds offsetting some cost pressures.
- CFO Richard McPhail highlighted ongoing investments and strategic execution as key to gaining market share, while noting customer hesitancy on larger projects due to inflation, fuel costs, and economic uncertainty.
- Home Depot continues to focus on attracting professional shoppers who are less affected by macroeconomic challenges, maintaining a long-term view on home improvement demand despite current market headwinds.
