Home Depot Q1 Revenue Hits $41.8B, Beats Estimates But Net Income Declines

Lead: Home Depot disclosed Q1 fiscal 2026 revenue of $41.8 billion via an SEC 8-K filing. Results beat market estimates, though net income declined from the year-ago period.

📊 Price at Time of Publication (May 19, 2026, 9:00 PM KST)
$299.81 ▲ +0.77%
Approx. ₩451,814 (rate: 1507)

Earnings at a Glance

Home Depot reported Q1 fiscal 2026 revenue of $41.8 billion, up 4.8% year-over-year. However, net income declined to $3.3 billion from $3.4 billion in the same quarter last year. The drop was attributed to mortgage rates climbing to a nine-month high and softening consumer sentiment.

• Revenue: $41.8B, +4.8% year-over-year
• Comparable sales growth: +0.6% overall, +0.4% in the U.S.
• Net income: $3.3B, down from $3.4B in the prior-year period
• Diluted EPS: $3.30, down from $3.45 year-over-year
• Adjusted EPS: $3.43, down from $3.56 year-over-year — above market consensus

Full-Year Outlook

Home Depot reaffirmed its full fiscal year 2026 guidance. CEO Ted Decker stated, "Despite heightened consumer uncertainty and affordability pressures in housing, our Q1 results came in line with our expectations." The company's full-year outlook is as follows:

• Total revenue growth: approximately 2.5%–4.5%
• Comparable sales growth: approximately 0%–2.0%
• New store openings: approximately 15
• Gross margin: approximately 33.1%
• Operating margin: approximately 12.4%–12.6%
• Adjusted operating margin: approximately 12.8%–13.0%
• Diluted EPS: approximately 0%–4% growth vs. fiscal 2025 EPS of $14.23
• Adjusted diluted EPS: approximately 0%–4% growth vs. fiscal 2025 adjusted EPS of $14.69
• Net interest expense: approximately $2.3 billion
• Capital expenditures: approximately 2.5% of total revenue

Market Reaction

As of 9:00 PM KST on May 19, 2026, Home Depot shares were trading at $299.81, up 0.77% from the prior session. Financial media highlighted the adjusted EPS beat as a positive signal. The WSJ and others noted that net income was weighed down by homeowners deferring large-scale renovation projects. Analysts cited elevated mortgage rates and consumer uncertainty as ongoing headwinds.

This article was automatically generated based on the SEC 8-K filing and international news reports, with the primary purpose of delivering key data promptly following the announcement. Readers are advised to consult the company's official filings before making any investment decisions. Prices reflect the time of publication and may differ from current market levels.