The Home Depot, Inc. (HD) earnings on August 18, 2026

Before the market opens Q2 2026

More The Home Depot, Inc. earnings

Prior outlook: Pessimistic Outcome: Partial

Home Depot's earnings beat expectations, but the stock gave up early gains and closed nearly flat, down 0.12%.

HD price around the earnings

337.49

Change: -0.1%

2026-08-18, 20:00 UTC

Start of the measured window End of the measured window
331.03 337.02 343.01 349.00 337.88
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 18, 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: Pessimistic Outcome: Partial

Thesis published
Results released

Cautious outlook — trend weak, uncertainty ahead

The setup looks weak: the stock's trend has been losing strength and it's lagging the broader market, which outweighed the more optimistic analyst price targets. A recent leadership change adds uncertainty, so the overall outlook is cautious.

Context analyzed before publication

Summary
Cautious outlook — trend weak, uncertainty ahead
Playbook
The stock is market review near its support level, with resistance just above. Recent price action shows a downtrend, and retail sentiment is pessimistic, aligning with the negative price trend.
Trend
Analyst confidence dropped sharply over recent days

Analysts

Drivers

  • Analysts Positive

    Analysts cite a price target of $375, about 11% above current levels. They expect moderate earnings growth, with an average rating of 'buy'.

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.94
Analysts covering the stock
32
Average price target
374.69
Lowest price target
310
Highest price target
430
Upside to price target
10.9%
Quarterly earnings growth
-4.2%
Revenue growth
4.8%
Forward EPS
16.09
Trailing EPS
14.06
Analyst moves in the last 60 days
6
  • Strong buy: 4
  • Buy: 17
  • Hold: 15
  • Sell: 0
  • Strong sell: 0
Strong buy
4
Buy
17
Hold
15
Sell
0
Strong sell
0
  • August 17, 2026 · Stifel: Maintains rating (Hold → Hold)
  • August 12, 2026 · RBC Capital: Maintains rating (Sector Perform → Sector Perform)
  • August 11, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
  • July 27, 2026 · DA Davidson: Maintains rating (Buy → Buy)
  • July 20, 2026 · Guggenheim: Reiterates rating (Buy → Buy)
  • June 23, 2026 · Wolfe Research: Downgrades rating (Outperform → Peer Perform)

News and sentiment

Drivers

  • News & sentiment Negative

    A recent leadership change adds uncertainty. Retail investors are mostly pessimistic, which aligns with the negative price trend.

Evidence

Sentiment
Sentiment
Cautious
Mention volume
High
Normalized volume
99%
News
Sources (5)

Technicals

Drivers

  • Technical Negative

    The stock's trend has been weakening over the past two weeks and it's underperforming the broader market by about 4%. It's currently near a support level, with resistance just above.

Evidence

Price when the context was analyzed
338.32
Average true range (ATR)
2.3%
Distance to 52-week high
-18.3%
14-day change (14d)
-0.5%
30-day change (31d)
-0.2%
30-day relative strength
-4.1%
SPY change (31d)
+4.0%
Nearest support
337.98
Distance to nearest support
0.1%
Nearest resistance
339.17
Distance to nearest resistance
0.3%
Volume accumulation ratio (14d / 46d)
0.83
  • Mid: 337.98 (0.1% away, 0.04 ATR, 20 touches)
  • Mid: 335.63 (0.8% away, 0.35 ATR, 23 touches)
  • Mid: 332.92 (1.6% away, 0.7 ATR, 18 touches)
  • Mid: 339.17 (0.3% away, 0.11 ATR, 12 touches)
  • Major: 341.3 (0.9% away, 0.39 ATR, 28 touches)
  • Mid: 343.15 (1.4% away, 0.63 ATR, 20 touches)

Trends

Evidence

Average earnings surprise
+1.4%
  • May 19, 2026: actual EPS 3.43 vs estimate 3.41 (surprise +0.7%)
  • February 24, 2026: actual EPS 2.72 vs estimate 2.52 (surprise +7.8%)
  • November 18, 2025: actual EPS 3.74 vs estimate 3.83 (surprise -2.5%)
  • August 19, 2025: actual EPS 4.68 vs estimate 4.69 (surprise -0.3%)

Expected move

Drivers

  • Past earnings Neutral

    The company has beaten earnings estimates only half the time, with an average surprise of +1.4%. This inconsistent history adds uncertainty.

Implied move
+3.0%
Source
Options chain

Reactions over its last 20 earnings

Median move
2.1%
75th percentile move
4.6%
90th percentile move
6.1%
Up / down moves
12 / 8
Average up move
+2.5%
Average down move
-3.8%

Monitoring and close

What The Home Depot, Inc. reported

Status
Finished
Actual EPS4.92
EPS estimate4.73
EPS surprise+4.0%
Revenue$47,861 million
Revenue estimate$47,271 million
Revenue surprise+1.2%

Home Depot shares rise after beating expectations with $47.9 billion in revenue. Nasdaq falls as chip stocks decline; Micron and Sandisk drop.

Sources (38)

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 +2.0% pre-market, a move in line with the stock's usual reaction (about 2%). The figures don't confirm the prior scenario: the comparable cases aren't consistent enough.

How the stock reacted

Outcome
Partial
Consolidated
-0.1%
Max favorable move (MFE)
2.1%
Max adverse move (MAE)
4.1%