Walmart Inc. · WMT · Next earnings

Walmart Inc. reports Thursday, Nov 19, 2026

WMT reports before market open with consensus EPS at $0.64 and revenue at $187.24B. Last quarter: Walmart Q2 FY2027: Growth Accelerates, Guidance Raised

Reports Before market open14 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $0.64 Calendar consensus
Consensus revenue $187.24B Calendar consensus
Report date Nov 19, 2026 Thursday, date estimated
Session Before market open 14 days away

Where WMT left off: FY2027 Q2

Full report

Walmart Q2 FY2027: Growth Accelerates, Guidance Raised

EPS surprise +9.2% Reported $0.81 vs $0.74
Revenue surprise +0.7% Reported $187.94B vs $186.64B
Stock move -9.2% Event window
Subsequent drift +2.8% Up to 20 sessions

Management raised full-year sales guidance to 4%-5% and operating-income guidance to 7%-8.5% after strong first-half performance.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Maximum-fair-pricing regulation could pressure U.S. comparisons.
  • Higher fuel costs could add to annual expense.
  • Tariff refunds are one-time and their benefit will diminish.
  • Inventory inflation and supply-chain costs may pressure profitability.
  • Higher SG&A costs could limit incremental margin expansion.

Questions analysts left open

  • The durability of traffic and unit growth supported by price rollbacks.
  • The impact and timing of maximum-fair-pricing regulation on health and wellness comparisons.
  • The future availability of tariff refunds and their effect on profitability.
  • Fuel-price volatility and operating-cost pressure.
  • The path for incremental margins in digital businesses.

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Recent WMT quarters

All WMT earnings
-9.2%FY2027 Q2-7.3%FY2027 Q1-1.4%FY2026 Q4+6.5%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2027 Q2

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.