The Home Depot, Inc. (HD) Earnings Call Transcripts

The Home Depot, Inc.'s Latest Earnings Call - September 15, 2026

In the Q2 2026 earnings call, The Home Depot reported strong performance with revenue of $48.5 billion, exceeding expectations and reflecting a 10% year-over-year increase. Earnings per share (EPS) came in at $3.15, beating consensus estimates by $0.20. Management maintained its guidance for the fiscal year, citing ongoing share gains and robust performance across core categories despite a challenging macroeconomic environment. The company emphasized its strategic investments in delivery capabilities and AI to enhance customer experience and operational efficiency, which could drive future growth.

Reported metrics

Guidance from management

Management maintained its fiscal year guidance, indicating continued focus on share gains and operational efficiency improvements. They expect to return to share repurchases by the end of Q2 2027.

What management said

And, Kate, we think that we're accelerating our share gains. When you look at the broader macro, it's really hard to see any points of inflection in the stats that we look at. The consumer has become more pressured over time over the last 6 quarters, if you look at consumer sentiment, consumer confidence and other factors I'm sure you'll want to get into. Our job in this environment is to control what we can control ...

Well, let me just give some, just, financial guidelines and then let Billy talk about the strategy. On our second quarter call, we disclosed that we had received significant tariff refunds. We also clarified that those refunds were utilized to maintain value for the customer, and Billy will talk about that in a second. As you know, we maintained our guidance for the year. That includes maintaining our gross margin gu...

What analysts pressed on

Analysts expressed concerns about the macroeconomic environment and its impact on consumer spending. There was a focus on whether the company could sustain its growth amid inflation and uncertainty in consumer sentiment.

Main topics on the call

• Strong Revenue Performance — The Home Depot reported Q2 revenue of $48.5 billion, which was above expectations and represented a 10% increase year-over-year. Management noted, "We were real pleased with the Q2 results, actually overperformed what we...
• Ongoing Share Gains — Management indicated that they are accelerating share gains, stating, "We think that we're accelerating our share gains." This is attributed to their competitive advantages and strategic investments.
• Delivery Capabilities as Competitive Advantage — The company highlighted improvements in delivery, with 65% of parcel shipments being same-day or next-day. Richard McPhail stated, "Our goal here is delivery in 2 hours or less for a majority of the assortment in our sto...
• Pricing Strategy Amid Inflation — Home Depot is maintaining its pricing strategy despite inflationary pressures, utilizing tariff refunds to keep prices stable. McPhail mentioned, "We maintained our gross margin guidance for the year."

Read the full The Home Depot, Inc. transcript (September 15, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 52 The Home Depot, Inc. earnings call transcripts on record, spanning February 25, 2020 to September 15, 2026. Based on this history, The Home Depot, Inc. reports quarterly. The most recent call on file is dated September 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HD

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

52

First call

February 25, 2020

Most recent

September 15, 2026

Reporting cadence

quarterly