Home Depot Lowers FY 2026 Earnings Guidance, Maintains Revenue Outlook

Home Depot (NYSE:HD) updated investors on its FY 2026 earnings guidance. The company provided a range of $14.690 to $15.278 per share, which is slightly lower than the consensus estimate of $15.050. Revenue guidance was also issued at $168.8 billion to $172.1 billion, compared to the predicted $171.2 billion.

Analysts' ratings for Home Depot remain generally positive, with 18 'buy' ratings and one 'sell' rating. The consensus price target stands at $373.89 per share. Several analysts have increased their price targets in recent weeks, including Wells Fargo & Company's upgraded target of $400 per share.

Home Depot reported a strong second quarter this year, with earnings per share beating estimates by 19 cents and revenue exceeding expectations by 5.7%. The company also maintained its FY 2026 guidance, which includes total sales growth of approximately 2.5% to 4.5% and comparable-sales growth ranging from flat to 2.0%.