Lowe's Q2 2026 Results: Flat EPS, Trimmed Outlook
Lowe's Q2 2026 results show flat EPS and modest comps and updated 2026 guidance to the low end, trimming upside and pressuring investor expectations.
KEY TAKEAWAYS
- Lowe's reported GAAP EPS $4.27 and adjusted EPS $4.40 for Q2 2026.
- Comparable sales rose 0.2% and total sales were $26.0 billion for the quarter.
- Updated FY2026 guidance to the low end with about $92.0 billion sales and adjusted EPS near $12.25.
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Lowe's reported flat earnings per share (EPS) and marginal comparable‑sales growth for the second quarter ended July 31, 2026. On Aug. 19, the company updated its full-year 2026 outlook to the low end of its prior range, citing persistent weakness in do-it-yourself (DIY) and home-improvement spending.
Quarterly Results and Guidance Update
Lowe's Companies, Inc. reported GAAP diluted EPS of $4.27, unchanged from the prior year, and adjusted diluted EPS of $4.40. Net earnings reached $2.4 billion on total sales of $25.96 billion, up from $23.96 billion a year earlier. Comparable sales rose 0.2%. The quarter included a one-time tariff refund that added about $0.11 per share.
The company issued its second-quarter results on Aug. 19 and scheduled an earnings conference call for the same day.
Alongside the results, Lowe's revised its full-year 2026 guidance. It now expects total sales of approximately $92 billion, flat comparable sales, and adjusted EPS near $12.25. This update reflects a more cautious outlook compared to the previous range, which anticipated up to 2% comparable sales growth and adjusted EPS up to $12.75.
Management noted ongoing pressure in home-improvement spending, with continued softness in DIY sales weighing on results and outlook. The guidance adjustment signals expectations that these challenges will persist through the remainder of the year.
