The Home Depot (HD) Earnings: Q2 Fiscal 2026 Results and Next Report Date

The quarter ended August 2, 2026 and The Home Depot published the results on August 18, 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. The Home Depot reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• The Home Depot's fiscal 2026 ends January 31, 2027, so Q2 fiscal 2026 is the 13 weeks ended August 2, 2026.
• Net sales include GMS from its acquisition on September 4, 2025 and Mingledorff's from the second quarter of fiscal 2026, both reported in Other with SRS. The Home Depot reclassified some prior-year product categories within the Primary segment.
• The fourth quarter of fiscal 2024 had 14 weeks, which affects the comparison behind the Q4 fiscal 2025 row in the history table.

Source: The Home Depot Q2 fiscal 2026 results, August 18, 2026. Also in the Form 10-Q for the quarter ended August 2, 2026. Figures as reported; checked against the release on November 10, 2026.

How The Home Depot 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.

• The Home Depot's Primary segment revenue was $42.8 billion in Q2 fiscal 2026, up 2% from $42.2 billion in Q2 fiscal 2025, 89% of total revenue.
• The Home Depot's Other (SRS distribution) revenue was $5.1 billion in Q2 fiscal 2026, up 62% from $3.1 billion in Q2 fiscal 2025, 11% 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 2026 release, The Home Depot said:

“The Company reaffirms its fiscal 2026 guidance. Guidance includes IEEPA tariff refunds, which are expected to partially offset unplanned fuel, energy, and other product input costs throughout the fiscal year.”

“Total sales growth of approximately 2.5% to 4.5%”

“Comparable sales growth of approximately flat to 2.0%”

“Diluted earnings-per-share to grow approximately flat to 4.0% from $14.23 in fiscal 2025”

Source: The Home Depot Q2 fiscal 2026 release, Aug 18, 2026.

This is the company's own guidance as of Aug 18, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the HD forecast page.

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

GAAP net sales and diluted EPS, each as first reported in that quarter's release. The Home Depot reports the fourth quarter in its own release, so no quarter here is derived.

The Home Depot's next report is scheduled for November 17, 2026. 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 Aug 18, 2026

The Home Depot's stores and website make up its Primary segment, which had net sales of $42,806 million of the $47,861 million total in Q2 fiscal 2026. The Home Depot splits it into three product lines: Hardlines (hardware, indoor and outdoor garden, power, storage & organization) at $14,445 million, Building Materials (including electrical, lumber and plumbing) at $14,432 million and Décor (including appliances, flooring, kitchen and paint) at $13,929 million. (The Home Depot Form 10-Q, Q2 fiscal 2026, Aug 25, 2026)

The rest, $5,055 million against $3,120 million a year earlier, is Other: the SRS distribution business, which sells roofing, interior and construction, landscape, pool and HVAC products to trade customers. The 10-Q says GMS, acquired on September 4, 2025, contributed $1.4 billion of incremental net sales in the quarter, and Mingledorff's, an HVAC distributor acquired by SRS, also added sales. (The Home Depot Form 10-Q, Q2 fiscal 2026, Aug 25, 2026)

Comparable sales rose 1.7%, and 1.3% in the U.S. The gain came from a 2.8% increase in comparable average ticket, to $92.50, partly offset by a 1.0% decrease in comparable customer transactions. The Home Depot said the result reflects customer engagement with smaller repair and maintenance projects despite consumer uncertainty and housing affordability pressure on home improvement demand. (The Home Depot Q2 fiscal 2026 release, Aug 18, 2026; The Home Depot Form 10-Q, Q2 fiscal 2026, Aug 25, 2026)

The Home Depot serves two customer groups: consumers, both do-it-yourself and do-it-for-me, and Pros such as remodelers, contractors, property managers and specialty tradespeople. Online sales were 16.6% of net sales in the quarter and rose 11.0%, and a weaker U.S. dollar added $105 million to net sales. (The Home Depot Form 10-K, fiscal 2025, Mar 18, 2026; The Home Depot Form 10-Q, Q2 fiscal 2026, Aug 25, 2026)

The Home Depot's GAAP diluted EPS was $4.79 and its adjusted EPS $4.92 in Q2 fiscal 2026, against $4.58 and $4.68 a year earlier. The only adjustment is amortization of acquired intangible assets, $0.18 per share before a $0.05 tax effect; $125 million of the quarter's $178 million of that amortization relates to SRS. (The Home Depot Q2 fiscal 2026 release, Aug 18, 2026)

Gross margin rose to 33.7% from 33.4%, which the 10-Q attributes to IEEPA tariff refunds, largely offset by higher fuel, energy and other product input costs and the inclusion of GMS. SG&A rose 8.5% to $8.4 billion, or 17.6% of net sales, and interest income also included interest received on the tariff refunds. (The Home Depot Form 10-Q, Q2 fiscal 2026, Aug 25, 2026)

The share count was flat: diluted weighted average shares were 996 million against 994 million. The Home Depot paused share repurchases in March 2024 and had not resumed them as of August 2, 2026, with about $11.7 billion of its $15.0 billion authorization unused. The effective tax rate was 24.5% against 24.2%. (The Home Depot Q2 fiscal 2026 release, Aug 18, 2026; The Home Depot Form 10-Q, Q2 fiscal 2026, Aug 25, 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.

The Home Depot gives full-year guidance in its release and reaffirmed it with Q2 fiscal 2026 results: total sales growth of about 2.5% to 4.5%, comparable sales growth of about flat to 2.0%, about 15 new stores, a gross margin of about 33.1% and an operating margin of about 12.4% to 12.6%. (The Home Depot Q2 fiscal 2026 release, Aug 18, 2026)

The Home Depot expects diluted EPS to grow about flat to 4.0% from $14.23 in fiscal 2025, and adjusted EPS about flat to 4.0% from $14.69. It said the guidance includes IEEPA tariff refunds, which it expects to partially offset unplanned fuel, energy and other product input costs. (The Home Depot Q2 fiscal 2026 release, Aug 18, 2026)

A consensus figure is the average of the models published by the analysts who cover The Home Depot, 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 The Home Depot'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 HD is on is HD a buy or a sell?, what analysts expect next is on the HD forecast, and what the company does is on the The Home Depot (HD) stock page.

Every number on this page can be traced to a document The Home Depot 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.