Lowe's Q2 FY2026: sales up 8.3%, EPS flat at $4.27, outlook trimmed
Lowe's grew sales 8.3% to $25.96 billion, but GAAP EPS was stuck at $4.27 and the full-year outlook was narrowed to the bottom of the old ranges. Read it this way: the top line is holding, the profit engine is not, and $0.11 of that $4.27 came from one-time tariff refunds. Growth is coming from Pro, online and acquisitions, not the core DIY shopper.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $4.27, exactly flat with last year's $4.27, and net income of $2.40 billion barely moved from $2.40 billion. Adjusted EPS, which backs out $96 million of acquisition-related amortization, rose 1.6% to $4.40 from $4.33 a year ago. Both the GAAP and adjusted figures include an $0.11 benefit from IEEPA tariff refunds that management does not expect to repeat in the second half.
Sales rose to $25.96 billion from $23.96 billion, up 8.3% year over year, while comparable sales (same-store sales) grew just 0.2%. Online sales rose 15.7% and the company cites Pro and home services strength. Because comps grew only 0.2% against 8.3% total growth, most of the increase came from outside the existing store base.
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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 2026-09-18
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