On Tuesday, Home Depot announced its fiscal second-quarter results, exceeding Wall Street estimates for both revenue and profit, and confirmed its full-year guidance.
The world’s largest home improvement retailer, reported sales of $47.9 billion for the second quarter of fiscal 2026, an increase of $2.6 billion, or 5.7% from the second quarter of fiscal 2025.
Comparable sales for the second quarter of fiscal 2026 increased 1.7%, and comparable sales in the U.S. increased 1.3%.
“Our second quarter results exceeded our expectations. We saw broad based demand across the business as customers continued to engage in smaller projects,” said Richard McPhail, Executive Vice President and Chief Financial Officer.
Ann-Marie Campbell, Senior Executive Vice President, told investors, “This quarter’s results were a testament to our investments across the business and our associates’ focus on customer service. Our teams did an exceptional job executing throughout a dynamic environment, and I would like to thank them for their continued hard work and dedication.”
Following the release, McPhail told reporters, “We continue to operate in what I call ‘frozen housing market’ conditions, but we also know that we’re taking share and that we’re serving our customers better every day. It’s a reflection of the continued investment we’ve made and the focus on executing our strategy.”
Moving forward, Home Depot reaffirmed its fiscal 2026 guidance, noting that it expects tariff refunds to partly offset unforeseen costs for fuel, energy, and other products.
The company expects total sales growth for the year to be between 2.5% and 4.5% and the operating margin to be between 12.4% and 12.6%.
Home Depot shares fell less than 1% following the announcement.
By CEO NA Editorial Staff
