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Research updated: Jul 11, 2026, 12:00 AM UTC

Home Depot (HD) FY2026 Q1

For the quarter ended May 3, 2026, Home Depot reported positive comparable sales and higher total sales, while net earnings declined year over year; management reaffirmed its FY2026 guidance despite consumer uncertainty and housing-affordability pressure.

Reported outcomes

Net sales
$41.8 billion
Up 4.8% year over year from $39.9 billion
Comparable sales
Up 0.6%
Year-over-year comparable-sales growth
Diluted earnings per share
$3.30
$3.45 in Q1 FY2025
Adjusted diluted earnings per share
$3.43
$3.56 in Q1 FY2025

Management guidance

  • Home Depot reaffirmed FY2026 guidance for total sales growth of approximately 2.5% to 4.5%, comparable sales from approximately flat to 2.0%, and diluted EPS growth from approximately flat to 4.0%.

Risks that still need monitoring

  • Housing affordability pressure

    Housing-affordability pressure and consumer uncertainty may continue to delay large discretionary renovation projects.

  • Modest comparable sales

    Comparable-sales growth remains modest, leaving earnings sensitive to expense growth and weaker ticket trends.

  • SRS integration burden

    SRS-related amortization and integration requirements can weigh on reported margins and execution capacity.

Market reaction

+3.59%

2026-05-18 $299.81 → 2026-05-20 $310.58

Method: previous trading-day close to the first full trading-day close after the announcement.

Open historical market data

Primary sources

The Home Depot Announces First Quarter Fiscal 2026 ResultsThe Home Depot, Inc. · earningsVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

Published: May 19, 2026, 12:00 AM

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The Home Depot Investor RelationsThe Home Depot, Inc. · companyVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

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The Home Depot Form 10-Q for Fiscal Q1 2026The Home Depot, Inc. · filingVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

Published: May 26, 2026, 12:00 AM

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HD editorial research profileAlphaVue Research · editorialVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

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