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Aug 02
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
Best Buy
Best Buy
Best Buy Revenue by Segment
Best Buy Revenue by Geographic Location
Revenue by Segment
Domestic segment Revenue
CapyFin.comInternational segment Revenue
CapyFin.comRevenue by Geographic Location
Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.com 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
- Cautious on potential tariff impacts in H2
Revenue & Expenses
Visualization of income flow from segment revenue to net income