Home Depot is a leading home improvement retailer in the United States. The company sells a wide range of building materials, home improvement products, and garden supplies. It serves both do-it-yourself customers and professional contractors through its large network of stores and online platforms.
On May 19, 2026, Home Depot released its quarterly earnings, with analysts forecasting an earnings per share of $3.42 on revenue of $41.59 billion. These estimates set the market's expectations for the company's financial performance during the first quarter of the fiscal year.
The company reported first-quarter sales of $41.8 billion, exceeding analyst estimates. As highlighted by Reuters, this was driven by steady demand from professional customers and homeowners focusing on smaller repair projects. This represents a 4.8% increase from the same quarter in the previous year.
However, net earnings for the quarter were $3.3 billion, or $3.30 per diluted share. This figure is slightly below the analyst forecast of $3.42. A report from The Wall Street Journal attributes this lower profit to a general slowdown in home improvement activity.
Despite the mixed results, Home Depot reaffirmed its financial guidance for fiscal 2026. The company's price-to-earnings (P/E) ratio, which measures its current share price relative to its per-share earnings, is 21.27. Its debt-to-equity ratio of 1.32 indicates its use of debt to finance its assets.
