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Nov 01, 2025
Best Buy Q3 2026 Earnings Report
Best Buy reported its third quarter results with strong comparable sales growth and a rebound in key technology categories.
Key Takeaways
Best Buy delivered solid Q3 FY26 results driven by higher-than-expected sales and margin improvements. Despite a decline in GAAP EPS due to impairment charges, adjusted EPS beat expectations. The company raised its full-year guidance as momentum builds into the holiday season.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Best Buy raised its full-year FY26 adjusted EPS and revenue guidance, signaling optimism heading into Q4 and the holiday season.
Positive Outlook
- FY26 adjusted EPS guidance raised to $6.25–$6.35
- Full-year revenue forecast raised to $41.65B–$41.95B
- Q4 comps expected between -1.0% and +1.0%
- Adjusted operating income rate for Q4 forecasted at 4.8%–4.9%
- Continued strength expected in computing, gaming, and mobile categories
Challenges Ahead
- GAAP EPS impacted by $192M in Best Buy Health impairments
- Gross profit margin declined slightly YoY to 23.2%
- Domestic gross margin down due to lower product margins
- Best Buy Health experienced customer base changes affecting projections
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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