Home Depot Beats Earnings Estimates Amid Frozen Housing Market

Home Depot reported better-than-expected second-quarter earnings, beating estimates by $0.19 per share at $4.92.

The company's revenue reached $47.86 billion, a 5.7% increase from the prior-year quarter and exceeding analyst expectations of $47.27 billion.

Home Depot attributed part of its financial performance to $730 million in tariff refunds received during Q2, with CFO Richard McPhail stating that these refunds represent 'the vast majority' of what the company expects to receive.

The Home improvement retailer reaffirmed its full-year 2026 guidance, calling for total sales growth between 2.5% and 4.5% and an operating margin between 12.4% and 12.6%, despite maintaining a cautious outlook due to a 'frozen housing market'.