Home Depot Q2 Sales Rise 5.7% to $47.86 Billion as Pro Demand Offsets Housing Headwinds

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Summary · why it matters

Home Depot reported fiscal second-quarter 2026 sales of $47.86 billion, up 5.7% year over year, with comparable sales up 1.7% and adjusted earnings of $4.92 per share, up 5.1%. The company's Pro business posted positive comparable sales and outperformed DIY, with big-ticket transactions above $1,000 rising 2.4%, while online sales grew 11% for a fifth straight quarter of double-digit growth. SRS posted positive comparable sales across all verticals, and management expects mid-single-digit organic sales growth for fiscal 2026, with the Mingledorff's acquisition adding HVAC as a fifth SRS operating line. Traffic remains weak, however, as comparable customer transactions fell 1% while comparable average ticket rose 2.8%, and Home Depot reaffirmed fiscal 2026 comparable-sales guidance of flat to 2% growth and total sales growth of 2.5-4.5%, with adjusted operating margin guidance of 12.8-13%. The company carries a Zacks Rank #3 (Hold) and trades at 18.9X forward 12-month earnings, above the Zacks sub-industry's 17.5X but below the S&P 500's 19.8X.

Impact on assets 3

Consumer Discretionary▲ · 2 stocks
The Home Depot Inc
HD
▲ PositiveDemandrelevance

Q2 sales rose 5.7% with Pro comparable sales positive, big-ticket transactions up 2.4%, and online sales up 11%.

Climate Adaptation & Water▲ · 1 stocks

Off-coverage companies 2

Mingledorff'sPrivate▲ Positive
Capitalrelevance

Home Depot's acquisition of Mingledorff's adds HVAC as a fifth SRS operating line.

Zacks Investment Research, Inc.Private± Mixed
relevance

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