The Home Depot Announces Second Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance
Home Depot reported second-quarter fiscal 2026 sales of $47.9 billion, up $2.6 billion or 5.7% year over year, and reaffirmed its fiscal 2026 guidance. The setup is constructive for HD’s revenue momentum, but the limited disclosure in the headline leaves margin and demand durability as the key unresolved trade variables.
The company reported second-quarter fiscal 2026 sales of $47.9 billion, an increase of $2.6 billion, or 5.7% from the second quarter of fiscal 2025. Home Depot also reaffirmed its fiscal 2026 guidance, rather than raising its outlook alongside the reported growth.
The result directly affects HD, whose fiscal-year revenue stands at $164.7 billion, up 3.2% year over year, with a 33.3% gross margin, an 8.6% net margin and $14.23 diluted EPS. The quarterly sales growth therefore came in ahead of the full-year revenue growth rate, while the reaffirmed outlook keeps the focus on how much of that momentum converts into earnings.
Home Depot (HD) reported $47.9 billion in second-quarter fiscal 2026 sales, up 5.7% year over year, and reaffirmed fiscal 2026 guidance.
The immediate implication is a positive revenue signal: quarterly sales growth of 5.7% exceeds the fiscal-year revenue growth of 3.2%, while guidance remains intact. The constraint is that Home Depot reaffirmed rather than raised guidance, and key questions remain about whether the sales beat carried through to margins or EPS against the company's 8.6% net-margin and $14.23 diluted-EPS baseline.
A margin shortfall or weak comparable-sales and demand commentary in the full release would undercut the constructive revenue read.
CoverageSource: PR Newswire · Published here WED, AUG 19 · 9:28 PM ET · 11 reports · 7 publishers in this record · latest listed: Yahoo Finance · WED, AUG 19 · 9:28 PM ETHow this is decided →
PR NEWSWIRE / FILE- Yahoo Finance — Home Depot Posts Higher Sales, Backs Outlook
- Yahoo Finance — Home Depot Q2 earnings beat Wall Street's forecast as customers stick to small projects
- MarketWatch — Home Depot revenue rises even as customers turn away from bigger projects
- Yahoo Finance — Home Depot Q2 earnings beat forecasts as customers stick to small projects, housing market remains 'frozen'
- Yahoo Finance — Home Depot Q2 Earnings Call Highlights
- ZeroHedge — Home Depot Earnings Offer Glimmer Of Hope As Small Projects Offset Renovation Downturn
- PR Newswire — LOWE'S REPORTS SECOND QUARTER 2026 SALES AND EARNINGS RESULTS
- BBC Business — US retail giant receives $1bn boost from tariff refunds
- Yahoo Finance — Home Depot beats quarterly estimates on smaller project demand
- Yahoo Finance — Home Depot Stock Rises as Earnings Defy Housing Slump
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The bull case is that $47.9 billion of quarterly sales, up 5.7% year over year, signals improving momentum that can support HD’s $164.7 billion fiscal-year revenue trajectory.
The bear case is that reaffirmed guidance rather than an increase may indicate the stronger quarter is already embedded or is not translating into earnings against HD’s 8.6% net margin and $14.23 diluted EPS.
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