American Eagle Outfitters (AEO) Earnings: Q2 Fiscal 2026 Results and Next Report Date

The quarter ended August 1, 2026 and American Eagle Outfitters published the results on September 9, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Fiscal 2026 is the 52-week period ending January 30, 2027. Q2 fiscal 2026 is the 13 weeks ended August 1, 2026.
• Q2 fiscal 2026 results include a net operating income benefit of $161 million from IEEPA tariff refunds, and $45 million of interest expense tied to an agreement selling certain tariff refund claims to a third party.
• Other includes Todd Snyder, Unsubscribed and Quiet Platforms, which American Eagle Outfitters wound down; its closure was substantially complete as of May 2, 2026.

Source: AEO Inc. Q2 fiscal 2026 results, September 9, 2026. Also in the Form 10-Q for the quarter ended August 1, 2026. Figures as reported; checked against the release on November 10, 2026.

How American Eagle Outfitters splits revenue in its own release, under its own labels, for Q2 fiscal 2026 against Q2 fiscal 2025. Indented lines are parts of the line above them.

• American Eagle Outfitters's American Eagle revenue was $806 million in Q2 fiscal 2026, up 1% from $800 million in Q2 fiscal 2025, 58% of total revenue.
• American Eagle Outfitters's Aerie revenue was $536 million in Q2 fiscal 2026, up 25% from $429 million in Q2 fiscal 2025, 39% of total revenue.
• American Eagle Outfitters's Other revenue was $38.7 million in Q2 fiscal 2026, down 37% from $61.5 million in Q2 fiscal 2025, 3% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

AEO's release also gives a Q3 fiscal 2026 table: operating income of $110 million to $115 million, comparable sales up mid-to-high single digits and gross margin flat year over year.

In its Q2 fiscal 2026 release, American Eagle Outfitters said:

“Updates fiscal 2026 operating income guidance in the range of $540 to $550 million, inclusive of net tariff refund benefit”

“All guidance is based on estimates and includes the impact of IEEPA tariff refunds.”

“The company expects 2026 capital expenditures to be in the range of $250 to $260 million.”

Source: AEO Inc. Q2 fiscal 2026 release, Sep 9, 2026.

This is the company's own guidance as of Sep 9, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the AEO forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total net revenue and diluted EPS attributable to AEO, each as first reported in that quarter's release.

American Eagle Outfitters's next report is expected around December 1, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2026 (this page), reported Sep 9, 2026

American Eagle Outfitters' total net revenue rose 8% to $1,380.4 million in Q2 fiscal 2026 from $1,283.7 million, and total comparable sales rose 6%. The American Eagle brand brought in $805.9 million, or 58.4% of revenue, up 1%. Aerie brought in $535.8 million, or 38.8%, up 25%. Other, which includes Todd Snyder, Unsubscribed and the wound-down Quiet Platforms, fell 37% to $38.7 million. (AEO Inc. Q2 fiscal 2026 release, Sep 9, 2026; American Eagle Outfitters Form 10-Q, Q2 fiscal 2026, Sep 10, 2026)

Comparable sales went in opposite directions by brand: Aerie comparable sales rose 19% and American Eagle comparable sales fell 1%. American Eagle Outfitters said American Eagle growth came from the digital channel, offsetting a decline in store revenue, and that Aerie gained across channels on more transactions and a low double digit increase in average unit retail price. (AEO Inc. Q2 fiscal 2026 release, Sep 9, 2026; American Eagle Outfitters Form 10-Q, Q2 fiscal 2026, Sep 10, 2026)

Digital revenue rose 20% and store revenue rose 1% in the quarter. The company put total growth down to a mid-single digit increase in transaction value, from more units per transaction and a low-single digit rise in average unit retail price. The Other decline was mostly planned lower revenue from Quiet Platforms after its wind-down. (American Eagle Outfitters Form 10-Q, Q2 fiscal 2026, Sep 10, 2026)

United States customers accounted for $1,147.1 million of Q2 revenue and foreign sales, including international stores, e-commerce shipped abroad and franchise royalties, for $233.3 million. American Eagle Outfitters ended the quarter with 1,167 stores: 802 AE brand, 335 Aerie including OFFL/NE, 23 Todd Snyder and 7 Unsubscribed, plus 376 international license locations. (American Eagle Outfitters Form 10-Q, Q2 fiscal 2026, Sep 10, 2026; AEO Inc. Q2 fiscal 2026 release, Sep 9, 2026)

American Eagle Outfitters' diluted EPS was $0.79 in Q2 fiscal 2026, against $0.45, and the release reports no adjusted EPS for the quarter. Tariff refunds drove most of the change. AEO received $196 million of IEEPA tariff refunds including interest, accrued $35 million of related incentive compensation, and booked a net operating income benefit of $161 million, which accounted for 1170 basis points of operating margin expansion. (AEO Inc. Q2 fiscal 2026 release, Sep 9, 2026)

Gross margin was 48.7%, up 980 basis points, with tariff refunds contributing 1300 basis points while merchandise margins deleveraged 330 basis points on promotions at American Eagle. SG&A rose 19% to $408 million, including $18 million of tariff-related incentive compensation and higher advertising. Interest expense, net rose to $47.1 million from $1.9 million, mainly $44.7 million of accretion on the agreement that sold part of AEO's tariff refund claims. (AEO Inc. Q2 fiscal 2026 release, Sep 9, 2026; American Eagle Outfitters Form 10-Q, Q2 fiscal 2026, Sep 10, 2026)

Average diluted shares were 170,180 thousand, against 171,659 thousand a year earlier. The effective income tax rate was 24.9%, compared with 23.6%. AEO paid a quarterly dividend of $0.125 per share, returning $21 million. (AEO Inc. Q2 fiscal 2026 release, Sep 9, 2026; American Eagle Outfitters Form 10-Q, Q2 fiscal 2026, Sep 10, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

American Eagle Outfitters gives quarterly and full-year guidance in its release, and states that all of it includes the impact of IEEPA tariff refunds. For fiscal 2026 it expects operating income of $540 million to $550 million, comparable sales up mid single digits, gross margin up year over year and depreciation and amortization of approximately $215 million. For Q3 fiscal 2026 it guided operating income of $110 million to $115 million with comparable sales up mid-to-high single digits. (AEO Inc. Q2 fiscal 2026 release, Sep 9, 2026)

AEO expects fiscal 2026 capital expenditures of $250 million to $260 million and a weighted average share count in the low 170 millions. (AEO Inc. Q2 fiscal 2026 release, Sep 9, 2026)

A consensus figure is the average of the models published by the analysts who cover American Eagle Outfitters, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones American Eagle Outfitters's own release and filings put weight on for Q2 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AEO is on is AEO a buy or a sell?, what analysts expect next is on the AEO forecast, and what the company does is on the American Eagle Outfitters (AEO) stock page.

Every number on this page can be traced to a document American Eagle Outfitters published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.