Walmart Q2 Preview: Retailer Beats Revenue 25 Straight Quarters, Could Streak Extension Help Close Gap with Target Stock?
Key takeaways
- Walmart’s Q2 earnings will be a key test of its revenue‑beat streak and its ability to close the performance gap with Target amid softer consumer spending.
- Revenue forecast Q2 2026: $186.8 billion
- EPS forecast Q2 2026: $0.74
- Revenue beat streak: 25 quarters
What happened
Walmart (WMT) is set to report Q2 2026 earnings on Thursday, with analysts forecasting revenue of $186.8 billion and EPS of $0.74—both up from $177.4 billion and $0.68 in Q2 2025. The retailer has consistently beat revenue estimates for 25 straight quarters and EPS estimates in 8 of the last 10 quarters. Target (TGT) recently posted a double‑beat, raising full‑year guidance and showing stronger store traffic, which may pressure Walmart to improve its market‑share trajectory.
Why it matters
The earnings release will test Walmart’s ability to maintain its long‑standing revenue beat streak amid softer consumer spending. A strong report could restore analyst confidence and lift the stock, while a miss or flat guidance could widen the performance gap with Target and further erode investor sentiment. Market…
Short-term and longer-term
Short-term. Walmart’s stock is currently trading near the 52‑week low of $95.42, with a 0.26% uptick to $115.50.
Longer-term. Over the next few months, Walmart’s ability to sustain its revenue‑beat streak and improve profitability will be critical for long‑term investors.