Live News EARNINGS ARTICLE H impact Aug 19, 2026, 10:30 AM UTC

Target reports Q2 adjusted EPS $4.11, raises full-year outlook

Target reports Q2 adjusted EPS of $4.11, net sales of $26.54 billion versus $26.14 billion estimated, comparable sales up 3.8%, and lifts FY net sales growth guidance to around 5%.

TGT

SquawkNews Newsroom 2 updates Updated Aug 19, 2026, 10:36 AM UTC

Story updates

10:32:25 AM UTC

SquawkNews

TGT (Recap) Target Q2 2027 Earnings Adj. EPS $4.11, est. $2.29 Net sales $26.54B, est. $26.11B Comp sales +3.8%, est. +2.43% Gross margin 33.7% Sees FY adj. EPS $9.90 to $10.90 Average transaction amount misses estimates Lifts full-year outlook as recovery efforts gain ground

10:36:11 AM UTC

SquawkNews

TGT Q2 adj EPS $4.11 vs. est. $2.29; Q2 sales rose 5.3% Y/y to $26.54B vs. est. $26.14B; Q2 comp sales rose +3.8% vs. est. +2.43%; Q2 operating Income jumped 94.4% Y/y to $2.56B helped by $994M in pretax refunds; Q2 Operating margin widened 4.4% to 9.6%; gross margin rate expanded 4.7 percentage points to 33.7%; raises FY EPS view to $9.90-$10.90 from prior $7.5-$8.50 and sees net sales growth around 5% vs. prior range of 4%; shares -3% premarket

TGT Target: RESULTS: Q2, Q2 results include $994M of pretax tariff refund benefits within gross margin and Operating Income, Target: Earnings Notes:, Target Q2 ADJ EPS $4.11, Target Q2 net sales $26.54B vs EST $26.14B, Target Q2 comp sales up 3.8% vs EST of up 2.5%, Outlook FY net sales growth in a range around 5%, one percentage point higher than prior guidance range, Outlook FY ADJ EPS $9.90 to $10.90, which includes Q2 tariff refund benefits of about $1.65, Over the past year, reduced prices on more than 10,000 frequently purchased items, Excluding tariff refunds, midpoint of FY ADJ EPS guidance range reflects $0.75 increase vs prior guidance