Home Depot Q2 Preview: Data Shows Visits Down, Will Earnings Say Otherwise?
Key takeaways
- Home Depot’s Q2 earnings will test whether declining visits can be offset by higher ticket sales and whether guidance can be lifted to sustain a positive trajectory.
- Revenue forecast Q2: $47.27 billion
- EPS forecast Q2: $4.73
- Visit decline Q2: 0.3% YoY
What happened
Home Depot Inc (NYSE: HD) is set to report Q2 2026 earnings on Tuesday, with analysts forecasting revenue of $47.27 billion and EPS of $4.73. The company has consistently beaten revenue estimates for three straight quarters and EPS for two straight quarters. Rivals Lowe’s (NYSE: LOW) will report the next day, having a longer EPS beat streak but a shorter revenue beat streak. Placer.ai data shows Home Depot visits fell 0.3% YoY, while Lowe’s grew 0.4% YoY. CEO Ted Decker will be on temporary…
Why it matters
The earnings release could confirm Home Depot’s ability to sustain revenue growth despite a dip in foot traffic, potentially lifting the stock. Analysts will scrutinize guidance for the remaining fiscal year; a raise could signal confidence in the home‑improvement market. The visit trend and CEO absence may influence…
Short-term and longer-term
Short-term. Short‑term traders should watch Home Depot’s Q2 earnings for a potential upside if revenue and EPS exceed forecasts, especially if guidance is raised.
Longer-term. Longer‑term investors should evaluate whether Home Depot’s focus on the $700 billion professional segment and consolidation of key functions translates into sustainable revenue growth.