Home Depot Posts Q2 Fiscal 2026 Results, Reaffirms Full-Year Guidance
Home Depot reported fiscal 2026 second-quarter net income of $4.77 billion, or $4.79 per share, up from $4.55 billion, or $4.58 per share, a year earlier. Adjusted earnings per share were $4.92 on revenue of $47.86 billion. The company reaffirmed its full-year guidance despite a sluggish housing market. It also announced CEO Ted Decker is taking temporary medical leave, with Ann-Marie Campbell overseeing daily operations and CFO Richard McPhail leading finance and the Pro business.
Home Depot reaffirmed its full-year guidance for fiscal 2026 despite challenging housing market conditions. In the second quarter, net income totaled $4.77 billion, or $4.79 per share, compared with $4.55 billion, or $4.58 per share, in the same period last year. Adjusted earnings per share came in at $4.92, with revenue reaching $47.86 billion.
The company continues to face pressure from low home turnover and elevated mortgage rates, yet it is still attracting professional customers.
Home Depot announced that Chief Executive Officer Ted Decker will take temporary medical leave for several months. Senior Executive Vice President Ann-Marie Campbell will assume responsibility for daily operations, while Chief Financial Officer Richard McPhail will lead financial management and the professional business. These management changes take effect immediately.