Home Depot Q1 2026 earnings beat, full-year guidance reaffirmed

Home Depot reported first-quarter income of $41.8 billion, up 4.8% from a twelvemonth earlier, and reaffirmed its full-year guidance connected Tuesday, arsenic the institution said request remained accordant with trends seen passim fiscal 2025.

Wall Street had penciled successful adjusted EPS of $3.41 and gross of $41.52 billion, per CNBC, meaning the institution cleared some bars — posting $3.43 successful adjusted EPS and $41.77 cardinal successful revenue. That compares with adjusted EPS of $3.56 successful the year-ago period.

On a per-share basis, the institution earned $3.30 diluted, against $3.45 diluted a twelvemonth ago, arsenic full quarterly nett income slipped to $3.29 cardinal from $3.43 cardinal — a diminution of 4.2%.

Comparable income roseate 0.6% for the quarter, with U.S. comparable income up 0.4%. Comparable lawsuit transactions fell 1.3%, portion the mean summons roseate 2.3% to $92.76, the institution said.

"The underlying request successful our concern was comparatively akin to what we saw passim fiscal 2025, contempt greater user uncertainty and lodging affordability pressure," CEO Ted Decker said successful a statement.

Home Depot reaffirmed its afloat fiscal 2026 guidance, calling for full income maturation of 2.5% to 4.5% and comparable income maturation of astir level to 2%. The institution said it expects adjusted diluted EPS to turn level to 4% from $14.69 successful fiscal 2025.

Despite that resilience, CFO Richard McPhail cautioned that homeowners are pulling backmost connected bigger-ticket work. "They proceed to archer america that they are going to defer their walk connected larger projects," helium said successful an interrogation with CNBC. "That's accordant with what they've told america the past fewer years."

Professional customers — contractors, roofers and akin tradespeople — make astir fractional of Home Depot's revenue, and the institution has pursued a drawstring of acquisitions to deepen that business. Its 2024 acquisition of SRS Distribution brought successful a web serving roofing, landscaping, and excavation pros, portion the much caller summation of GMS extended its scope into specialty gathering products. SRS expanded further past week erstwhile it closed connected Mingledorff's, a wholesale distributor of HVAC equipment, parts, and supplies.

McPhail framed the acquisition propulsion successful broader strategical terms, telling CNBC: "All of the things we're doing to physique retired our pro capabilities — and done the acquisitions we've made implicit the past respective years — is to assistance america summation much stock successful the $700 cardinal pro market."

At the extremity of the archetypal quarter, Home Depot operated 2,361 retail stores and implicit 1,280 SRS locations, employing much than 470,000 people, the institution said.

Home Depot banal roseate successful premarket trading connected Tuesday.