EarningsQ2 2027 Earnings Report

Best Buy Co (BBY) Q2 2027 Earnings Report

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Previous Report: Q1 2027

MX:BBY Q2 2027 EPS Results

Actual EPS$26.58

Consensus EPS$25.13

Beat/MissBeat by +$1.45

One Year Ago EPS$23.14

MX:BBY Q2 2027 Revenue Results

Actual Revenue$176.80B

Expected Revenue$173.47B

Beat/MissBeat by +$3.34B

YoY Revenue Growth+3.61%

Earnings Announcement Details

QuarterQ2 2027

Date08/27/2026

TimeBefore Open

Conference CallThursday, August 27, 2026

MX:BBY Upcoming Earnings

Best Buy Co's next earnings date is estimated for November 24, 2026, based on past reporting schedules.

Q2 2027 Earnings Call Audio

MX:BBY Q2 2027 Earnings Call

0:00 / 0:00

Q2 2027 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2027 Earnings Call Summary

Q2 2027

Earnings Call Date:Aug 27, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call communicated a clear improvement in top-line trends, margin expansion and multiple strategic growth drivers (Marketplace, Ads, membership, AI initiatives and emerging categories) and the company raised full-year guidance. Offsetting items include higher SG&A (notably incentive compensation), international revenue weakness, computing unit softness amid higher ASPs, inventory increases and targeted investments that pressure product margins. On balance, the positives — beat results, raised guidance, profitable new revenue streams and category momentum — materially outweigh the challenges.

Company Guidance

Best Buy raised its full‑year fiscal 2027 outlook to revenue of $42.3–42.8 billion, comparable sales growth of 1.9%–3.0%, an adjusted operating income rate of 4.4%–4.5%, adjusted diluted EPS of $6.70–$6.90, an adjusted effective tax rate of ~25.5% and capital expenditures of about $750 million; management expects H2 comparable sales of 1%–3% (Q3 comps 1%–3%) with Q3 adjusted operating income of ~4.1%–4.2% (10–20 bps above prior year), annual gross profit rate expansion of ~30–40 bps (driven by Best Buy Ads and U.S. Marketplace and assuming similar IEEPA tariff refunds in Q3), adjusted SG&A up ~20 bps as a percent of sales (including incentive compensation ~ $130M higher year‑over‑year, with ~ $70M incremental in the back half at the high end), Marketplace GMV now expected ≈ $1.3B for the year (Q2 domestic GMV ≈ $300M), Ads on track for ~10% growth on top of ~$900M collections last year, and August month‑to‑date comps running at the high end of the H2 range.

Comparable Sales and Revenue Beat

Enterprise comparable sales grew 4.1% YoY, exceeding prior guidance (~1%). Revenue was $9.8 billion, up 3.6% versus last year.

Profitability and EPS Expansion

Adjusted operating income rate was 4.3% (≈ +40 basis points YoY) and adjusted diluted EPS was $1.47, up 15% YoY.

Raised Full-Year Guidance

Updated FY27 guidance: revenue $42.3B–$42.8B, comparable sales growth 1.9%–3.0%, adjusted operating income rate 4.4%–4.5%, adjusted EPS $6.70–$6.90, capex ~$750M.

Marketplace and Advertising Momentum

Domestic Marketplace GMV ~ $300M in Q2 and company now expects $1.3B GMV for the full year. Best Buy Ads on track for ~10% growth this year on top of ~$900M collections last year.

Category Strength and Product Innovation

Computing led growth (10th consecutive quarter of positive comps); home theater (domestic TV sales >10% YoY) was a top weighted comp driver; mobile phones grew for the sixth consecutive quarter. Emerging categories (AI glasses, trading cards, health rings) more than doubled YoY and contributed ~1 point of comp.

Domestic Margin Expansion

Domestic gross profit rate improved 60 basis points to 24%, driven by Marketplace, Best Buy Ads and tariff refunds.

Membership and B2B Growth

Membership momentum: paid members expected to grow from just over 8M (Feb) to ~9M by year-end. Best Buy Business (B2B) grew ~21% in the quarter and contributes >$1.1B annually.

Technology & AI Initiatives

Launched Ask Blue conversational AI assistant and completed commerce integration with OpenAI/ChatGPT enabling product discovery and purchases within ChatGPT, expanding digital ecosystem.

MX:BBY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 24, 2026	2027 (Q3)	26.83 / -	25.312	―
Aug 27, 2026	2027 (Q2)	25.13 / 26.58	23.142	14.84% (+3.44)
May 28, 2026	2027 (Q1)	22.17 / 23.14	20.792	11.30% (+2.35)
Mar 03, 2026	2026 (Q4)	44.46 / 47.19	46.646	1.16% (+0.54)
Nov 25, 2025	2026 (Q3)	23.61 / 25.31	22.781	11.11% (+2.53)
Aug 28, 2025	2026 (Q2)	21.89 / 23.14	24.227	-4.48% (-1.08)
May 29, 2025	2026 (Q1)	19.83 / 20.79	21.696	-4.17% (-0.90)
Mar 04, 2025	2025 (Q4)	43.50 / 46.65	49.177	-5.15% (-2.53)
Nov 26, 2024	2025 (Q3)	23.38 / 22.78	23.323	-2.33% (-0.54)
Aug 29, 2024	2025 (Q2)	20.95 / 24.23	22.057	9.84% (+2.17)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed