Form 10-Q · Quarterly report
Lowe's 10-Q, filed Aug 27, 2026
- Filed
- CIK
- 0000060667
- Accession no.
- 0000060667-26-000117
Summary
Lowe's reported second-quarter fiscal 2026 net sales of $25.96 billion, up 8.3% year-over-year, with comparable sales up 0.2% and diluted earnings per share flat at $4.27. The company recognized about $80 million in pre-tax tariff refunds after the Supreme Court invalidated IEEPA tariffs in February 2026.
Key points
- Lowe's net sales rose 8.3% to $25.96 billion in Q2 fiscal 2026, with comparable sales up 0.2%.
- Net earnings were $2.4 billion and diluted EPS $4.27, roughly flat versus a year earlier; adjusted diluted EPS was $4.40.
- Comparable average ticket increased 2.3% while comparable customer transactions fell 2.1%.
- Lowe's recognized approximately $80 million in pre-tax tariff refunds after the Supreme Court invalidated IEEPA tariffs; it also recorded $96 million in intangible amortization from the FBM and ADG acquisitions.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. MANAGEMENT’S DISCUSSION EXECUTIVE OVERVIEW The following table highlights our financial results: Three Months Ended Six Months Ended (in millions, except per share data) July 31, 2026 August 1, 2025 July 31, 2026 August 1, 2025 Net sales $ 25,956 $ 23,959 $ 49,034 $ 44,888 Net earnings 2,399 2,398 4,027 4,038 Diluted earnings per share 4.27 4.27 7.17 7.19 Adjusted diluted earnings per share 4.40 4.33 7.42 7.25 Net cash provided by operating activities $ 7,009 $ 7,610 Capital expenditures 1,063 1,013 Repurchases of common stock1 367 71 Cash dividend payments 1,346 1,290 1 Repurchases of common stock on a trade-date basis. …
An excerpt of the text as filed with the SEC, cut for length.
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