Home Depot Exceeds Q2 Earnings Forecasts, Maintains 2026 Guidance
Home Depot Inc. (NYSE:HD) reported second-quarter results that exceeded analyst expectations on Tuesday before the market opened. The home improvement retailer posted adjusted earnings per share of $4.92 against a forecast of $4.73 and revenue growth to $47.86 billion, surpassing Wall Street's estimate of $47.23 billion. Comparable sales returned to positive territory with an increase of 1.7% overall and 1.3% in the U.S. Home Depot maintained its fiscal 2026 guidance for adjusted diluted earnings per share growth between flat and 4%, implying a range from $14.69 to $15.28, with total sales expected to grow by approximately 2.5% to 4.5%. The company also anticipates IEEPA tariff refunds will help offset rising fuel, energy, and product input costs. The strong performance led to a pre-market stock price increase of around 1.7%, reflecting investor confidence in the retailer's continued demand for smaller home improvement projects.
Tickers: $HD