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Aug 02, 2025
Best Buy Q2 2026 Earnings Report
Best Buy returned to growth with stronger-than-expected Q2 results and maintained its full-year guidance.
Key Takeaways
Best Buy saw enterprise revenue increase to $9.44B with positive comp sales for the first time in three years. Net income was $186M and EPS came in at $0.87. The company reiterated full-year guidance while highlighting strong sales in gaming and computing.
Enterprise revenue reached $9.44B, up from $9.29B YoY
Comparable sales rose 1.6%, first growth in three years
EPS came in at $0.87, with adjusted EPS at $1.28
Strong categories included gaming, computing, and mobile
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Best Buy maintained its FY26 guidance, projecting adjusted EPS between $6.15 and $6.30, with flat to slightly positive comp sales and continued investments in tech innovation and new store experiences.
Positive Outlook
- FY26 adjusted EPS guidance reaffirmed at $6.15–$6.30
- Comparable sales expected between -1.0% and +1.0%
- Adjusted operating income margin targeted at ~4.2%
- Strong back-to-school sales seen continuing into Q3
- Launch of Best Buy Marketplace to boost digital reach
Challenges Ahead
- Gross profit margin slightly declined YoY
- Operating income margin down from 4.1% to 2.7%
- SG&A expenses grew due to higher compensation and tech investments
- $114M in restructuring charges impacted GAAP earnings
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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