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Lowe’s Companies, Inc. recently released its financial results for the second quarter of 2026, reporting total sales for the quarter at $26.0 billion, compared to $24.0 billion in the prior-year quarter. Comparable sales for the quarter increased 0.2%, driven by strong performance in Pro and home services sales, as well as a 15.7% increase in online sales, partially offset by persistent DIY macro pressures.
Lowe’s also reported net earnings of $2.4 billion and diluted earnings per share (EPS) of $4.27 for the quarter ended July 31, 2026, compared to diluted EPS of $4.27 in the second quarter of 2025.
“Sustained growth in Pro, Online and Home Services led to our fifth consecutive quarter of positive comp sales, despite pressure in discretionary DIY spending,” says Marvin R. Ellison, Lowe’s chairman, president and CEO. “While the near-term remains dynamic, our teams are executing at a high level, advancing our Total Home strategy and investing to drive growth and profitability. I would like to thank all of our frontline associates for their hard work and dedication to our customers.”
Lowe’s operated 1,761 stores as of the end of Q2 2026, representing 196.0 million square feet of retail selling space.
The company also updated its fiscal outlook for the remainder of 2026 to reflect operational results for the first half of the year as well as current demand trends:
- Total sales of $92.0 billion (previously $92.0 to 94.0 billion)
- Comparable sales expected to be flat as compared to prior year (previously flat to up 2%)
- Diluted earnings per share of approximately $11.75 (previously $11.75 to $12.25)
- Adjusted diluted earnings per share of approximately $12.25 (previously $12.25 to $12.75)
