Home Depot reports Q2 sales $47.9 billion, EPS $4.92

Home Depot (NYSE: HD ) reported second-quarter financial results on Tuesday.

The transcript from the company's second-quarter earnings call has been provided below.

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Access the full call at Watch the full earnings call below: Summary Home Depot's second quarter 2026 sales were $47.9 billion, up 5.7% year-over-year, with U.S. comp sales increasing 1.3%.

Adjusted diluted EPS was $4.92, a 5.1% increase from the previous year.

The company continues to focus on strategic initiatives such as enhancing store experience, expanding delivery options with the launch of Express Delivery, and leveraging the Magic Apron app for better customer and associate interaction.

Home Depot's future outlook remains positive with reaffirmed fiscal 2026 guidance, expecting flat to 2% comp sales growth and total sales growth of 2.5% to 4.5%.

Operational highlights include positive comps in 13 out of 16 merchandising departments and double-digit online sales growth for the fifth consecutive quarter, driven by improved delivery speeds.

Management highlighted the successful integration of acquisitions like SRS and GMS, contributing to cross-selling opportunities and market share gains, with an emphasis on serving Pro customers better.

Full Transcript OPERATOR Greetings and welcome to the Home Depot second quarter 2026 earnings conference call.

At this time, all participants are in a listen-only mode.

A brief question and answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press Star 0 on your telephone keypad.

As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Isabel Janci.

Please go ahead.

Isabel Janci, Investor Relations Thank you, Christine, and good morning, everyone.

Welcome to Home Depot's second quarter 2026 earnings call.

Joining us on our call today are Richard McPhail, Executive Vice President and Chief Financial Officer, Ann Marie Campbell, Senior Executive Vice President, and Billy Bastek, Executive Vice President of Merchandising.

Following our prepared remarks, the call will be open for questions.

Questions will be limited to analysts and investors, and as a reminder, please limit yourself to one question with one follow-up.

If we are unable to get to your question during the call, please call our Investor Relations department at 770-384-2387.

Before I turn the call over to Richard, let me remind you that today's press release and presentations made by our executives include forward-looking statements under the federal securities laws, including as defined in the Private Securities Litigation Reform Act of 1995.

These statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections.

These risks and uncertainties include, but are not limited to, the factors identified in the release and in our most recent Annual Report on Form 10-K, and other filings with the Securities and Exchange Commission.

Today's presentation will also include certain non-GAAP measures, including, but not limited to, adjusted operating margin, adjusted diluted earnings per share, and return on invested capital.

For a reconciliation of these and other non-GAAP measures to their corresponding GAAP measures, please refer to our earnings press release on our website.

Now let me turn the call over to Richard.

Richard McPhail, Executive Vice President and Chief Financial Officer Thank you, Isabel, and good morning, everyone.

Before turning to our results, we want to touch on Ted's temporary medical leave of absence, which we announced last week.

We wish Ted a quick recovery and appreciate the support that has been shown by so many Home Depot partners.

We look forward, and we will share any material developments as appropriate.

Ann and I are supported by an exceptional leadership team and a dedicated board, and together we are wholly focused on executing our strategy and winning in our market.

Turning to the quarter, sales for the second quarter were $47.9 billion, an increase of 5.7% from the same period last year.

Comp sales increased 1.7% from the same period last year and comps in the U.S. increased 1.3%.