Home Depot FY2026 Q2: sales up 5.7%, adjusted EPS up 5.1%, guidance reaffirmed
Home Depot's fiscal 2026 second quarter was solid on its own terms: sales rose 5.7% and adjusted EPS rose 5.1%, with gross margin up 30 basis points. The catch is composition — customer transactions fell 1.0% while average ticket rose 2.8%. Read the quarter as a ticket-driven performance paired with reaffirmed guidance that implies slower growth in the second half.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $4.79 versus $4.58, and adjusted diluted EPS was $4.92 versus $4.68, a 5.1% increase. The gap between the two measures is acquired intangible amortization of $0.18 per share plus a $0.05 tax effect. Operating income rose 4.3% to $6.84 billion, but SG&A grew 8.5% to $8.42 billion, faster than sales, so the profit gain leaned on gross margin.
Sales came in at $47.86 billion, up 5.7% from $45.28 billion a year earlier, and the company said comparable sales rose 1.7%. The mix matters: comparable customer transactions fell 1.0% while comparable average ticket rose 2.8%, so growth came from bigger baskets rather than more shoppers. Merchandise inventory of $26.85 billion is up from $24.84 billion a year ago, which is consistent with a higher-ticket sales mix.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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