Walmart Inc. · WMT · Next earnings

Walmart Inc. reports Thursday, Nov 19, 2026

WMT reports before market open with consensus EPS at $0.63 and revenue at $187.32B. Last quarter: Walmart Q1 FY27: Sales Beat on eCommerce Strength, but Stock Sold Off 7%

Reports Before market open60 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $0.63 Calendar consensus
Consensus revenue $187.32B Calendar consensus
Report date Nov 19, 2026 Thursday, date estimated
Session Before market open 60 days away

Where WMT left off: FY2027 Q1

Full report

Walmart Q1 FY27: Sales Beat on eCommerce Strength, but Stock Sold Off 7%

EPS surprise +0.2% Reported $0.66 vs $0.66
Revenue surprise +1.7% Reported $177.75B vs $174.84B
Stock move -7.3% Event window
Subsequent drift -3.4% Up to 20 sessions

Full-year FY27 guidance was reaffirmed: 3.5-4.5% sales growth and 6-8% operating income growth. Q2 operating income is expected to grow 7-10%. Capex outlook shifted from stable in the prior quarter to increasing, reflecting continued investment in automation and fulfillment infrastructure. Guidance sentiment was maintained.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Elevated fuel prices increasing cost of goods sold and potentially pressuring retail price inflation.
  • Maximum fair pricing legislation creating a ~100-basis-point headwind on pharmaceuticals.
  • Uncertainty around IEEPA tariff refunds and broader macro-economic pressures on low-income consumers.

Questions analysts left open

  • Ability to lift incremental margins beyond current high-single-digit range.
  • Impact of sustained fuel price inflation on profitability.
  • Timeline and magnitude of tariff rebate benefits.
  • Sustainability of general-merchandise mix improvements.
  • Competitive pricing pressure and price gap strategy.

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Recent WMT quarters

All WMT earnings
-7.3%FY2027 Q1

Sources

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