US home improvement retailer Home Depot has reported net sales of $47.86bn for the second quarter (Q2) of fiscal 2026, marking a 5.7% increase.
Comparable sales for the quarter that ended 2 August 2026 climbed 1.7% while comparable sales in the US alone rose 1.3%
Operating income for the three-month period increased by 4.3% to reach $6.83bn. Net earnings for Q2 came in at $4.76bn, an increase of 4.7%, working out to $4.79 per diluted share, up from $4.58 in the same period a year earlier. Basic earnings per share increased to $4.79 from $4.59.
Home Depot chief financial officer and executive vice-president Richard McPhail said: “Our second quarter results exceeded our expectations. We saw broad based demand across the business as customers continued to engage in smaller projects.” Looking at the first half of fiscal 2026, net sales across the six-month period reached $89.62bn, a rise of 5.3%. Operating income for the half-year edged up 1.1% to $11.82bn.