Will Home Depot (HD) Stock Rise or Fall After Q2 Earnings?

Home Depot (HD) is set to report its Q2 2026 earnings before markets open on Tuesday. With that in mind, investors are wondering how the home improvement retail company’s shares will react to earnings. Fortunately, TipRanks has tracked the historical movement of HD stock following its latest earnings reports. If history can predict the future, then HD stock has a good chance of rallying after Q2 earnings are released.

Here’s a chart showing how Home Depot stock has moved after its eight most recent earnings reports.

• The stock kicked off this sequence on August 13, 2024, for its Q2 2024 announcement, experiencing a modest stock rise of 1.23%.
• It faced a very slight pullback on November 12, 2024, following the Q3 2024 update, mapping out a minor stock fall of 1.28%.
• Shares gained positive momentum on February 25, 2025, for the Q4 2024 update, rewarding investors with a solid jump of 2.84%.
• The price encountered another tiny dip on May 20, 2025, during the Q1 2025 earnings release, which brought a slight stock drop of 0.61%.
• Shares moved back up on August 19, 2025, after the Q2 2025 report, posting a healthy increase of 3.17%.
• The stock suffered its largest decline of the timeline on November 18, 2025, for the Q3 2025 update, resulting in a notable decrease of 6.02%.
• Investors responded with optimism on February 24, 2026, following the Q4 2025 release, driving a steady stock climb of 1.99%.
• The latest entry on May 19, 2026, for the Q1 2026 results finished on a positive note, logging a mild stock gain of 0.88%.

What to Expect from Home Depot in Q2 2026

Wall Street expects Home Depot to report adjusted earnings per share of $4.73 alongside revenue of $47.24 billion in Q2 2026. For comparison, the company posted adjusted EPS of $4.68 and revenue of $45.28 billion in Q2 2025.

Looking at Home Depot’s earnings history, the company will likely beat Wall Street’s latest estimates. Its adjusted EPS has done so in five of the past eight quarters, while revenue has come in above estimates in seven of the past eight quarters.

Is Home Depot Stock a Buy Ahead of Earnings?

Turning to Wall Street, the analysts’ consensus rating for Home Depot is Strong Buy, based on 18 Buy and six Hold ratings over the past three months. With that comes an average HD stock price target of $383.88, representing a potential 14.3% upside for the shares. (See HD Stock Forecast)