Best Buy (BBY) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended August 1, 2026 and Best Buy published the results on August 27, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Best Buy reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted diluted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Best Buy's fiscal year ends on the Saturday nearest the end of January. Q2 fiscal 2027 is the 13 weeks ended August 1, 2026.
• Beginning in Q1 fiscal 2027, Best Buy moved credit card revenue and digital content revenue into the Services category and recast prior periods. Total revenue and comparable sales were not affected; the year-ago category figures above are the recast ones.

Source: Best Buy Q2 fiscal 2027 results, August 27, 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 Best Buy splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• Best Buy's Domestic revenue was $9.1 billion in Q2 fiscal 2027, up 4% from $8.7 billion in Q2 fiscal 2026, 93% of total revenue.
• Best Buy's International revenue was $709 million in Q2 fiscal 2027, down 4% from $740 million in Q2 fiscal 2026, 7% 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

In its Q2 fiscal 2027 release, Best Buy said:

“Revenue of $42.3 billion to $42.8 billion, compared to prior guidance of $41.2 billion to $42.1 billion”

“The company expects Q3 FY27 comparable sales to be in the range of 1.0% to 3.0% and adjusted operating income rate to be in the range of 4.1% to 4.2%.”

“Capital expenditures of approximately $750 million, which is unchanged”

“The company expects to spend approximately $300 million on share repurchases during FY27.”

Source: Best Buy Q2 FY27 release, Aug 27, 2026.

This is the company's own guidance as of Aug 27, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the BBY forecast page.

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

GAAP enterprise revenue and diluted EPS, each as first reported in that quarter's release.

Best Buy's next report is scheduled for November 24, 2026. This page will show Q2 fiscal 2027 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 2027 (this page), reported Aug 27, 2026

Best Buy reports two segments: Domestic, which was $9,070 million of $9,779 million in Q2 fiscal 2027 revenue, and International, all of its operations in Canada, at $709 million. Within Domestic, Computing and Mobile Phones brought in $4,127 million, Consumer Electronics $2,451 million, Appliances $1,041 million, Services $824 million and Entertainment $585 million. (Best Buy Q2 FY27 release, Aug 27, 2026; Best Buy Form 10-Q, Q2 FY27, Sep 4, 2026; Best Buy Form 10-K, fiscal 2026, Mar 18, 2026)

Enterprise comparable sales rose 4.1% and Domestic comparable sales 4.5%. Best Buy said the largest drivers on a weighted basis were computing, home theater and emerging categories such as AI glasses and trading cards, partly offset by a decline in traditional gaming. By category, Domestic comparable sales rose 6.8% in Computing and Mobile Phones, 5.6% in Consumer Electronics and 6.4% in Services, and fell 6.3% in Entertainment. (Best Buy Q2 FY27 release, Aug 27, 2026; Best Buy Form 10-Q, Q2 FY27, Sep 4, 2026)

Domestic online revenue was $3.00 billion, up 5.1% on a comparable basis and 33.1% of Domestic revenue, against 32.8% a year earlier. International revenue fell 4.2%, on a comparable sales decline of 1.8% and the negative impact of foreign exchange rates. (Best Buy Q2 FY27 release, Aug 27, 2026)

Services covers advertising, credit card revenue, digital content, fulfillment, installation, marketplace commissions, memberships, repair, technical support and warranty-related services. From Q1 fiscal 2027 Best Buy moved credit card and digital content revenue into Services from the product categories and recast prior periods, which changes the category split but not total revenue or comparable sales. (Best Buy Form 10-Q, Q2 FY27, Sep 4, 2026)

In fiscal 2026 Best Buy's 20 largest suppliers accounted for approximately 80% of the merchandise it purchased, and five of them, Apple, Samsung, HP, LG and Sony, represented approximately 55%. It had 1,068 stores at the end of fiscal 2026. (Best Buy Form 10-K, fiscal 2026, Mar 18, 2026)

Best Buy's GAAP diluted EPS of $1.48 and adjusted diluted EPS of $1.47 were almost identical in Q2 fiscal 2027, because restructuring was a $6 million reduction this quarter. Adjusted EPS excludes restructuring charges and intangible asset amortization. A year earlier, $114 million of restructuring charges ($0.39 a share) held GAAP EPS to $0.87 against adjusted EPS of $1.28, which is why GAAP EPS rose 70% and adjusted EPS 15%. (Best Buy Q2 FY27 release, Aug 27, 2026)

The Domestic gross profit rate rose to 24.0% from 23.4%, which Best Buy put down to growth in Marketplace and Best Buy Ads and approximately $34 million of IEEPA tariff refunds, recorded as a reduction to cost of sales. The refund is not among the items Best Buy adjusts out of adjusted EPS. A further $41 million was refunded on September 2, 2026, to be recorded in Q3 fiscal 2027. (Best Buy Q2 FY27 release, Aug 27, 2026; Best Buy Form 10-Q, Q2 FY27, Sep 4, 2026)

Diluted weighted-average shares were 212.7 million, against 212.0 million a year earlier. Best Buy returned $239 million in the quarter, $203 million in dividends and $36 million in share repurchases, and expects to spend approximately $300 million on repurchases in fiscal 2027. The effective tax rate was 27.1%. (Best Buy Q2 FY27 release, Aug 27, 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.

Best Buy publishes full-year guidance in its release and raised it in Q2 fiscal 2027: revenue of $42.3 billion to $42.8 billion (prior $41.2 billion to $42.1 billion), comparable sales of 1.9% to 3.0% (prior (1.0%) to 1.0%), an adjusted operating income rate of 4.4% to 4.5%, and adjusted diluted EPS of $6.70 to $6.90 (prior $6.30 to $6.60), with an adjusted effective tax rate of approximately 25.5%. (Best Buy Q2 FY27 release, Aug 27, 2026)

For Q3 fiscal 2027, Best Buy expects comparable sales of 1.0% to 3.0% and an adjusted operating income rate of 4.1% to 4.2%. Jason Bonfig, Best Buy's Chief Customer, Product and Fulfillment Officer, becomes CEO effective November 1, 2026, succeeding Corie Barry. (Best Buy Q2 FY27 release, Aug 27, 2026)

A consensus figure is the average of the models published by the analysts who cover Best Buy, 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 Best Buy's own release and filings put weight on for Q2 fiscal 2027, 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 BBY is on is BBY a buy or a sell?, what analysts expect next is on the BBY forecast, and what the company does is on the Best Buy (BBY) stock page.

Every number on this page can be traced to a document Best Buy 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.