Home Depot reported first-quarter fiscal 2026 earnings that surpassed analyst expectations on profit and revenue. The company earned an adjusted $3.43 per share. Total revenue reached $41.8 billion, exceeding market forecasts. Comparable sales rose 0.6%. This figure missed the 0.8% growth estimate.
The company reaffirmed its full-year guidance. CEO Ted Decker stated that underlying business demand remains similar to the previous fiscal year. Decker noted this stability persists despite ongoing consumer uncertainty.
The stock traded with high volatility following the report. Shares initially rose in pre-market trading as investors welcomed the steady outlook. The stock later turned lower as investors focused on the comparable sales miss.