Home Depot Stock Steadies After Q2 Earnings Beat

Home Depot's stock price steadied after its Q2 2026 earnings report. The company reported $47.9 billion in sales, a 5.7% increase from the same period last year. Adjusted diluted EPS came in at $4.92, exceeding analyst expectations.

The company's revenue growth was supported by one-time tariff relief, which helped maintain margins. Despite this, management kept its full-year guidance unchanged, indicating caution regarding the housing market backdrop.

Home Depot reaffirmed its fiscal 2026 sales growth forecast of 2.5% to 4.5%, and adjusted diluted EPS growth of flat to 4%. The company's execution improved without triggering a higher full-year forecast, despite delivering more earnings power than expected.