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

Home Depot Q2 earnings beat Wall Street's forecast as customers stick to small projects Brooke DiPalma · Senior Reporter Tue, August 18, 2026 at 1:30 PM GMT+2 1 min read HD 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 A shopper carries a bucket inside a Home Depot store in San Jose, Calif. , US, on Thursday, Aug. 13, 2026.