The Home Depot, Inc. · HD · Next earnings

The Home Depot, Inc. reports Tuesday, Nov 17, 2026

HD reports before market open with consensus EPS at $3.87 and revenue at $42.80B. Last quarter: Home Depot Q1 FY2026: Sales Beat as Pro Segment and HVAC Expansion Drive Growth

Reports Before market open58 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $3.87 Calendar consensus
Consensus revenue $42.80B Calendar consensus
Report date Nov 17, 2026 Tuesday, date estimated
Session Before market open 58 days away

Where HD left off: FY2026 Q1

Full report

Home Depot Q1 FY2026: Sales Beat as Pro Segment and HVAC Expansion Drive Growth

EPS surprise +0.6% Reported $3.43 vs $3.41
Revenue surprise +0.4% Reported $41.77B vs $41.59B
Stock move +0.9% Event window
Subsequent drift +8.3% Up to 20 sessions

FY2026 guidance was reaffirmed at 2.5%-4.5% total sales growth, flat-to-2% comparable sales, gross margin of approximately 33.1%, and operating margin of 12.4%-12.6%. This is unchanged from the initial FY2026 outlook issued with Q4 FY2025 results.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Consumer uncertainty and housing affordability pressures limiting discretionary project demand.
  • Higher interest rates dampening large-ticket discretionary projects.
  • Weather variability affecting seasonal sales timing and Q2 performance.
  • Margin pressure from GMS integration, tariff exposure, and fuel cost volatility.
  • Execution risk on Pro digital initiatives and trade-credit adoption rates.

Questions analysts left open

  • Size and impact of big-ticket project exposure on comparable sales growth.
  • Effect of weather and seasonal timing on Q2 performance.
  • Margin implications of the GMS and Mingledorff's acquisitions.
  • Sustainability of comp growth amid higher rates and slower housing turnover.
  • Progress and adoption rate of Trade Credit and MET store-tasking rollout.

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Recent HD quarters

All HD earnings
+0.9%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.