The Home Depot, Inc. (HD) Announced Q2 2027 Earnings on August 18, 2026, Reporting "Sales for the second quarter were $47.9 billion, an increase of 5.7% from the same period last year"

The Home Depot, Inc. reported total sales of $47.9 billion for the second quarter, representing an increase of 5.7% from the same period last year.

Total company comparable sales for the quarter increased 1.7% and comps in the United States increased 1.3%.

Gross margin for the second quarter was 33.7%, and operating margin was 14.3% compared to 14.5% in the second quarter of 2025.

Diluted earnings per share for the quarter were $4.79 compared to $4.58 in the second quarter of 2025, while adjusted diluted earnings per share were $4.92, an increase of 5.1% compared to $4.68 in the second quarter last year.

Key business updates highlighted by management include the temporary medical leave of absence of Ted Decker, with Richard McPhail and Ann-Marie Campbell leading execution.

The company announced the nationwide launch of Express Delivery, offering delivery on tens of thousands of products in three hours or less.

Additionally, the company has expanded its appliance supply chain to provide next-day delivery coverage on key products to nearly 60% of the population.

The Home Depot also expanded its Pro-heavy partnerships, acting as the exclusive launch partner for USG's ultralight tough gypsum panels in the big box retail channel, and accelerating growth with Ruko joint treatments.

Furthermore, the company noted that 100% of stores qualified for its Success Sharing profit-sharing program.

For fiscal year 2026, the company reaffirmed its prior guidance.

Management expects total sales growth of between approximately 2.5% and 4.5% and comparable sales to range between flat to 2% growth.

Gross margin is expected to be approximately 33.1% for the year, with operating margin projected at approximately 12.4% to 12.6% and adjusted operating margin at approximately 12.8% to 13%.

Both diluted earnings per share and adjusted diluted earnings per share are expected to increase approximately flat to 4% compared to fiscal 2025.

The company also expects capital expenditures of approximately 2.5% of sales and plans to open approximately 15 new stores and 40 to 50 new SRS branches.