Home Depot edges past Q2 expectations as it sticks to 2026 outlook in a cautious housing market
Home Depot beat Q2 2026 estimates, posting adjusted EPS of $4.92 on revenue of $47.86B and reaffirming full-year guidance of 2.5%-4.5% sales growth with 12.4%-12.6% operating margin. Net income was $4.77B; comparable sales rose 1.7%, the strongest since Q3 2022. Management cited a “frozen housing market” but said it is gaining share across pro and DIY segments, aided by tariff refunds that offset some input costs. Consumers remain hesitant on larger projects due to inflation and uncertainty, while CEO Ted Decker is on temporary medical leave with Ann-Marie Campbell overseeing daily U.S. operations.
