Best Buy Co., Inc. (BBY) earnings on August 27, 2026

Before the market opens Q2 2026

More Best Buy Co., Inc. earnings

Prior outlook: No statistical edge

Best Buy's stock jumped early after reporting earnings but then fell sharply, ending the day down about 4% after being down as much as 12%. The market had mixed feelings about what this means for consumer spending.

BBY price around the earnings

83.56

Change: -4.4%

2026-08-27, 20:00 UTC

Start of the measured window End of the measured window
77.61 82.01 86.40 90.80 87.44
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 27, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published
Results released

Balanced outlook, no clear direction

The stock has been rising recently and broke above a key price level, but analysts are neutral and the longer-term trend is weaker than the market. The positive earnings history is balanced by cautious analyst views.

Context analyzed before publication

Summary
Balanced outlook, no clear direction
Playbook
The stock recently moved above a resistance level, showing short-term strength, but it's still underperforming the market over the past month. Analyst ratings are mostly neutral with a slight downside to their price targets.
Trend
Expert sentiment mixed, slightly negative

Analysts

Drivers

  • Analysts Neutral

    Several analysts have a neutral rating, and their average price target is slightly below the current price, pointing to a modestly pessimistic scenario.

Evidence

Analyst moves in the last 60 days
6
  • Strong buy: 0
  • Buy: 5
  • Hold: 18
  • Sell: 1
  • Strong sell: 1
Strong buy
0
Buy
5
Hold
18
Sell
1
Strong sell
1
  • August 20, 2026 · Piper Sandler: Maintains rating (Neutral → Neutral)
  • August 13, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
  • August 11, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
  • August 11, 2026 · Truist Securities: Upgrades rating (Hold → Buy)
  • August 5, 2026 · Jefferies: Downgrades rating (Buy → Hold)
  • July 13, 2026 · Loop Capital: Downgrades rating (Buy → Hold)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News
Sources (6)

Technicals

Drivers

  • Technical Positive

    The stock price broke above a resistance level, and the short-term trend is positive with a gain of over 5% in the last two weeks.

Evidence

Price when the context was analyzed
87.45
Average true range (ATR)
3.3%
Distance to 52-week high
-3.0%
14-day change (14d)
+5.3%
30-day change (30d)
-1.1%
30-day relative strength
-4.7%
SPY change (30d)
+3.7%
Nearest support
87.11
Distance to nearest support
0.4%
Nearest resistance
88.02
Distance to nearest resistance
0.7%
Volume accumulation ratio (14d / 46d)
0.67
  • Major: 87.11 (0.4% away, 0.12 ATR, 44 touches)
  • Major: 85.82 (1.9% away, 0.56 ATR, 41 touches)
  • Major: 85.12 (2.7% away, 0.81 ATR, 44 touches)
  • Mid: 88.02 (0.7% away, 0.2 ATR, 19 touches)
  • Major: 88.59 (1.3% away, 0.39 ATR, 30 touches)
  • Major: 89.67 (2.5% away, 0.77 ATR, 20 touches)

Trends

Drivers

  • Macro & trends Negative

    The stock has underperformed the broader market by about 5% over the past month, indicating relative weakness.

Evidence

Average earnings surprise
+5.3%
  • May 28, 2026: actual EPS 1.28 vs estimate 1.23 (surprise +4.3%)
  • March 3, 2026: actual EPS 2.61 vs estimate 2.47 (surprise +5.8%)
  • November 25, 2025: actual EPS 1.4 vs estimate 1.31 (surprise +6.7%)
  • August 28, 2025: actual EPS 1.28 vs estimate 1.22 (surprise +4.5%)

Expected move

Drivers

  • Past earnings Positive

    The company has beaten earnings expectations in all of the last four quarters, with an average surprise of over 5%.

Implied move
+10.3%
Source
Options chain

Reactions over its last 20 earnings

Median move
6.1%
75th percentile move
12.5%
90th percentile move
13.5%
Up / down moves
13 / 7
Average up move
+7.5%
Average down move
-6.3%

Monitoring and close

What Best Buy Co., Inc. reported

Status
Finished
Actual EPS1.47
EPS estimate1.38
EPS surprise+6.5%
Revenue$9,779 million
Revenue estimate$9,593 million
Revenue surprise+1.9%

Best Buy Q2 beat driven by computing and AI sales. Consumers spending but seeking deals. Guidance raised but stock dipped, showing investor pessimism.

Sources (25)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating -2.7% pre-market, a move below the stock's usual reaction (about 6%). The figures don't confirm the prior scenario: there was no prior directional scenario to check against.

How the stock reacted

Consolidated
-4.4%
Max move
-12.3%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.