Home Depot Beats Q2 Earnings Expectations with Strong Contractor Demand
Home Depot Inc., the US home improvement retailer, has reported revenue of $47.86 billion for its quarter ended in August 2026, exceeding analyst expectations and topping the previous year's result by 5.7%. The company also lifted its full-year 2026 earnings per share guidance to a range of 14.690 to 15.278.
The revenue beat is attributed to strong demand from professional contractors, who account for roughly half of Home Depot's sales. This segment has been driving the company's growth, with mid-single-digit revenue increases in recent quarters.
Institutional investors remain bullish on Home Depot, with a Moderate Buy rating and an average 12-month price target of $375.54. The stock's market capitalization stands at $335.07 billion, making it one of the largest components of major US equity indices.