EarningsQ1 2026 Earnings Report
MX:HD Q1 2026 EPS Results
Actual EPS$62.07
Consensus EPS$61.63
Beat/MissBeat by +$0.43
One Year Ago EPS$64.42
MX:HD Q1 2026 Revenue Results
Actual Revenue$755.75B
Expected Revenue$752.52B
Beat/MissBeat by +$3.23B
YoY Revenue Growth+4.79%
Earnings Announcement Details
QuarterQ1 2026
Date05/19/2026
TimeBefore Open
Conference CallTuesday, May 19, 2026
MX:HD Upcoming Earnings
Home Depot's next earnings date is estimated for November 17, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
MX:HD Q1 2026 Earnings Call
0:00 / 0:00
Q1 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced view: solid top-line growth (sales +4.8%), strong digital momentum (online comps >10%), Pro outperformance, and strategic expansion through acquisitions (Mingledorff's) and fulfillment improvements. Those positives were offset by profit pressure — lower gross and operating margins, EPS decline (adjusted EPS down ~3.7%), higher inventories, and a drop in ROIC. Management reaffirmed FY26 guidance and emphasized execution and market-share opportunities, but flagged macro and cost uncertainties (weather variability, fuel, tariffs, rates).Company Guidance
Total Sales Growth
First-quarter sales totaled $41.8 billion, up 4.8% year-over-year (+$1.9 billion).
Digital Strength
Total company online comp sales grew over 10% year-over-year — fourth consecutive quarter of double-digit digital growth.
Comparable Sales Positive
Total company comp sales increased 0.6% (U.S. comps +0.4%) with sequential monthly cadence: +0.7% in February, +2.0% in March, -0.5% in April.
Pro Momentum and Product Performance
Pro posted positive comps and outperformed DIY; 9 of 16 merchandising departments posted positive comps. Comp average ticket rose +2.2%, and big-ticket transactions (>$1,000) were +0.8%.
Acquisition and SRS Scale Expansion
Completed acquisition of Mingledorff's (42 locations) to expand HVAC distribution; SRS platform now contributes to an expanded addressable market (~$1.2 trillion) and enterprise fleet ~16,000 delivery assets with ~5,000 professional sales associates.
Fulfillment and Service Improvements
Ship-from-best-location and operations changes reduced cancellations, improved fulfillment time and delivered record-high delivery customer satisfaction and on-time & complete performance; transitioned MET tasking in over 1,000 stores.
Capital Allocation and Guidance Reaffirmed
Invested $845 million in capex for the quarter, paid $2.3 billion in dividends, and reaffirmed FY26 guidance: comp sales flat to +2%, total sales +2.5% to +4.5%, gross margin ~33.1%, adjusted operating margin ~12.8%–13%, and adjusted diluted EPS flat to +4% vs FY25.
MX:HD Earnings History
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