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Lowe's Beats Q2 Earnings Estimates but Cuts Full-Year Outlook as DIY Spending Stays Under Pressure

By Market Flux··1 min read

Lowe's Companies, Inc. $LOW

$220.81+2.40%as of publication

5D Change
+1.05%
Volume
74
vs Average
12.3×
Market Cap
$120.91B

Lowe's reported second-quarter adjusted earnings per share of $4.40, beating the $4.22 consensus estimate by $0.18, while net income came in at $2.4 billion and GAAP EPS was $4.27. Total sales of $25.96 billion rose roughly 8% year over year but missed the $26.16 billion Wall Street estimate, with comparable sales up just 0.2%. Online sales jumped 15.7% and gains in professional, home-services, and online channels helped offset continued weakness in discretionary do-it-yourself spending.

The company narrowed its full-year revenue guidance to $92 billion, the low end of its prior $92 billion to $94 billion range, and trimmed adjusted EPS guidance to approximately $12.25, below the $12.45 analyst consensus, with comparable sales now expected to be flat for the year. Diluted EPS guidance was set at approximately $11.75. CEO commentary cited persistent pressure on household budgets from elevated fuel prices and broader economic uncertainty, with customers delaying major renovations.

Shares fell nearly 8% in premarket trading before recovering some ground during the session, with the stock trading in the low $200s near multi-year lows.

© AI-generated summary is provided by Market Flux

Sources

  1. benzinga.comLowe's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
  2. WallstengineToday's Key Events (All EST) — 08/19/2026 07:00: US MBA Mortgage Applications 13:00: US 20-Year Bond Auction 14:00: FOMC Meeting Minutes Before Open 04:30: Full Truck Alliance $YMM 05:00: Weibo $WB 06:00: Lowe's $LOW 06:00: Estée Lauder $EL 06:00: Marti Technologies $MRT
  3. Marketsday### U.S. Stock Market – BMO #Earnings Calendar ( Week of August 17–21, 2026) ### Wednesday, August 19, 2026 Before Market Open ( BMO) Analog Devices ( $ADI ) – Consensus EPS Estimate: $1.52 Target ( $TGT ) – Consensus EPS Estimate: $2.18 Lowe's Companies ( $LOW ) –
  4. FirstSquawkLOWE'S Q2 OPERATING INCOME USD 3,549 MILLION || Q2 SALES USD 25,956 MILLION VS. IBES ESTIMATE USD 26,155 MILLION || Q2 EPS USD 4.27 || Q2 NET INCOME USD 2,399 MILLION
  5. Seeking AlphaLowe's Non-GAAP EPS of $4.40 beats by $0.18, revenue of $25.96B misses by $150M
  6. NaeemAslam23LOWE’S Q2 EARNINGS CLAIM NEEDS A CHECK BEFORE TRADERS TOUCH $LOW The figures circulating — $25.96B sales, $4.27 EPS and $2.40B net income — do not match Lowe’s verified 2026 release data available so far. The $4.27 EPS and roughly $2.4B profit figures trace to Q2 2025.
  7. ReutersLowe's cuts annual sales growth forecast as consumers curb high-cost renovations
  8. NasdaqLowe's Companies, Inc. Q2 Sales Increase
Show 12 more
  1. cnbc.comLowe's gives muted outlook as it sees 'pressure' in home improvement spending
  2. CNBCLowe's gives muted outlook as it sees 'pressure' in home improvement spending
  3. wsj.comLowe's Trims 2026 Outlook, Profit Flat and Sales Rise
  4. WsjLowe’s Trims 2026 Outlook, Profit Flat and Sales Rise
  5. Yahoo FinanceLowe's cautious outlook sends stock lower as retailer flags 'pressure' in DIY spending
  6. OpenOutcrier$LOW (-3.3% pre) Lowe's posted higher sales but trimmed its outlook as DIY spending stayed under pressure
  7. BusinessLowe’s cut its outlook for the full year after posting results that missed Wall Street estimates
  8. MarketRebels$LOW Near-term DIY demand remains under pressure as elevated fuel prices and broader economic uncertainty constrain household budgets; customers remain cautious and are prioritizing where and when they invest in their homes
  9. BNNBloombergLowe’s cuts annual sales growth forecast as consumers curb high-cost renovations
  10. proactiveinvestors.comLowe's cuts full-year profit and sales forecasts despite Q2 earnings beat
  11. SeekingAlphaLowe’s $LOW shares fell nearly 8% after cutting full-year outlook despite a Q2 earnings beat! KEY HIGHLIGHTS: Trimmed FY adjusted EPS guidance to $12.25 (vs. $12.45 consensus) Online sales jumped +15.7%, offsetting broader DIY consumer headwinds Long-term dividend floor
  12. marketbeat.comLowe's Companies Q2 Earnings Call Highlights