Walmart Inc. (WMT) Earnings Call Summary — Q3 FY26
Walmart is the world's largest retailer — thousands of superstores plus a fast-growing online and grocery delivery business.
Walmart Inc. (WMT) reported Q3 FY26 results on August 20, 2026. Earnings per share came in at $0.81 against a $0.74 consensus, so the company beat on the bottom line. Revenue of $177.40B landed below the $186.62B estimate. WMT has beaten consensus EPS in 7 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
CEO: “Back to the quarter, the team delivered strong sales and profit growth across each of our segments.”
CFO: “Our results were better than expected on the top and bottom line and reflect the advantages of our omnichannel model and the diversified nature of our profit streams.”
Analyst, Morgan Stanley: “The question is, do you think agentic AI will supercharge Walmart's e-commerce growth?”
CEO: “And I think when we put all those things together, it will be a very important growth aspect or channel for us.”
President and CEO, Walmart International: “And what we're seeing is that it's really attractive, and it's become up to about 20% of our e-commerce business in Chile already.”
What moved the stock
Highlights from WMT's Aug 20 report: EPS of $0.81 — a beat vs the $0.74 estimate (+9%); revenue of $177.40B — a miss vs the $186.62B consensus (-5%). Focus now shifts to e-commerce growth, grocery share gains, and the consumer read.