Home Depot Bounces Back with Strong Q2 Earnings Report

Home Depot's Q2 FY26 earnings report showed revenue of $47.9 billion grew 5.7% year over year, adjusted EPS came in at $4.92, and comparable sales rose 1.7%, reversing the soft Q1 performance.

The company reaffirmed its full-year guidance, with CFO Richard McPhail stating that 'our second quarter results exceeded our expectations.'

Home Depot's Pro business gained share, with a professional ecosystem anchored by SRS Distribution, where 90% of stores close sales through SRS, and $400 million in expected cross-sell this year.

The company raised its dividend to $2.33 per quarter, its 156th consecutive cash dividend, signaling management's confidence in the business's ability to generate cash.