investorsHD

inHD

Link copied

Home Depot Q2 earnings beat Wall Street's forecast as customers stick to small projects.

companies :: 1day ago :: source - yahoo finance

By Brooke DiPalma

A shopper carries a bucket inside a Home Depot store in San Jose, Calif., US, on Thursday, Aug. 13, 2026. (David Paul Morris/Bloomberg via Getty Images)

Home Depot (HD) beat Wall Street's metrics across the board in the second quarter as its customers focused on smaller projects.

Revenue grew by nearly 6% in the quarter to $47.9 billion, above the $47.3 billion analysts forecast, per Bloomberg estimates. Adjusted earnings grew 0.2% to $4.79, more than the $4.73 predicted.

"We saw broad based demand across the business as customers continued to engage in smaller projects," CFO Richard McPhail said in the release. McPhail and senior executive vice president Ann-Marie Campbell are temporarily leading the company while CEO Ted Decker takes medical leave.

Home Depot stock rose 2% in premarket trading following the results.

Customers visited Home Depot less frequently during the quarter but spent more when they did. Same-store sales increased 1.7%, more than the roughly 1% expected, and US same-store sales jumped 1.3%, higher than the 0.9% expected.

Outdoor categories, including live goods, mulch, patio items, and grills, drove momentum.

The company reiterated its 2026 forecast. It still expects total sales to grow between 2.5% to 4.5% for the year, with same-store sales growth expected to be flat to up 2%.

Brooke DiPalma is a reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@yahoofinance.com.

Click here for all of the latest retail stock news and events to better inform your investing strategy

This week top market trends.