Target Corporation · TGT · Next earnings

Target Corporation reports Wednesday, Nov 18, 2026

TGT reports before market open with consensus EPS at $2.05 and revenue at $26.37B. Last quarter: Target Q1 FY2026: Sales Beat, Guidance Raised as Beauty and Food Refreshes Drive Traffic

Reports Before market open59 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $2.05 Calendar consensus
Consensus revenue $26.37B Calendar consensus
Report date Nov 18, 2026 Wednesday, date estimated
Session Before market open 59 days away

Where TGT left off: FY2026 Q1

Full report

Target Q1 FY2026: Sales Beat, Guidance Raised as Beauty and Food Refreshes Drive Traffic

EPS surprise +16.3% Reported $1.71 vs $1.47
Revenue surprise +3.2% Reported $25.44B vs $24.66B
Stock move -3.9% Event window
Subsequent drift +6.9% Up to 20 sessions

Full-year net-sales growth guidance was raised from approximately 2% (set at the March financial community meeting) to approximately 4%. Q1 EPS of $1.71 exceeded the $1.47 consensus by 16.3%. Management indicated next-quarter EPS is expected near the high end of the $0.75-$0.85 range. The full-year capex plan was lifted to $5 billion, with $1 billion already spent in Q1. Guidance sentiment moved from maintained to raised.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Weakening consumer sentiment and lingering macro-economic headwinds could pressure discretionary spending.
  • Near-term cost pressures from freight, energy, and higher SG&A spending may compress margins.
  • Execution risk around large-scale assortment resets and store remodel timelines.
  • Potential inventory shortages or over-stock issues as new assortments roll out.

Questions analysts left open

  • Magnitude and timing of SG&A cost increases and their impact on margin expansion.
  • Freight cost outlook and its effect on gross margin.
  • Sustainability of inventory in-stock improvements.
  • Whether margin expansion is achievable given a higher expense base and cost headwinds.
  • Effect of prior-year comparison anomalies, including the Nintendo Switch 2 launch, on Q2 guidance.

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Recent TGT quarters

All TGT earnings
-3.9%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.