The Home Depot, Inc. (HD) Earnings Call Summary — Q3 FY26
Home Depot is the largest home-improvement chain — tools, lumber, appliances — serving DIYers and professional contractors.
The Home Depot, Inc. (HD) reported Q3 FY26 results on August 18, 2026. Earnings per share came in at $4.92 against a $4.73 consensus, so the company beat on the bottom line. Revenue of $47.86B landed above the $47.24B estimate. HD has beaten consensus EPS in 4 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
Operator: “Greetings, and welcome to The Home Depot Third Quarter 2025 Earnings Call.”
Executive Vice President and Chief Financial Officer: “In the third quarter, total sales were $41.4 billion, an increase of $1.1 billion or approximately 3% from last year.”
Analyst, Morgan Stanley: “And then we now know your third quarter came in a little light and that the fourth quarter may be a little lighter on revenue as well.”
Executive Vice President and Chief Financial Officer: “So fiscal year, as you know, we've revised our guidance by 40 basis points from 13.4% adjusted operating margin to 13% adjusted operating margin.”
Analyst, Morgan Stanley: “You mentioned on this call and in the release that there was an expectation of increased or improving demand, I guess, through the remainder of the year at one point.”
What moved the stock
HD reported Aug 18. The highlights: EPS of $4.92 — a beat vs the $4.73 estimate (+4%); revenue of $47.86B — in line with the $47.24B consensus. Focus now shifts to big-ticket demand, Pro sales, and housing turnover read.