NASDAQ$LULU

Lululemon Athletica Inc · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

lululemon reported Q2 fiscal 2025 net revenue of $2.53B with net income of $370.9M and diluted EPS of $3.10.

Net revenue rose to $2.53 billion for the quarter ended August 3, 2025, with net income of $370.9 million and diluted EPS of $3.10. Americas and international comps grew, though management cited softer U.S. demand trends in parts of the assortment.

  • Q2 net revenue $2.53B (+6.5% YoY); net income $370.9M.
  • Diluted EPS $3.10; international revenue growth outpaced Americas.
  • Direct-to-consumer and store productivity remain strategic levers.
  • Inventory, markdown risk, and U.S. consumer demand are watch items.

Headline financials

Total Revenue

$2.53B

No prior period
EPS (adj)

$3.10

No prior period
Capital Expenditures

-$330M

No prior period
Free Cash Flow

$40.7M

No prior period
Net Income

$371M

No prior period
Operating Income

$524M

No prior period
Gross Profit

$1.48B

No prior period
Total Assets

$7.52B

No prior period

Revenue & EPS history

Lululemon · Revenue · Quarterly

$2.53B

Q2 2026
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The release discusses lululemon athletica's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • lululemon athletica cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

+3.0%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+3.7%

Avg return

30 days after

61%

39 / 64 earnings

Positive

+23.3%

Q3 2010

Best reaction

-20.3%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.0%+5.9%
Q4 2025-2.1%+3.2%+5.0%
Q3 2026+0.6%+11.2%+9.0%
Q2 2026-4.9%-20.5%-14.8%
Q1 2025+0.0%+1.9%+0.5%
Q4 2024-14.2%-17.2%-21.6%
Q3 2024+16.7%+16.0%+10.5%
Q2 2024+0.2%-0.3%+8.2%
Q1 2024+5.3%+3.7%-2.8%
Q4 2023-14.0%-17.7%-24.9%
Q3 2023+6.3%+9.3%+6.6%
Q2 2023+7.3%+6.7%+2.4%
Q1 2023+10.1%+7.3%+14.0%
Q4 2022+13.8%+14.8%+19.2%
Q3 2022-12.3%-12.4%-11.6%
Q2 2022+4.7%+9.3%-6.8%
Q1 2022+3.7%+5.6%-9.2%
Q4 2021+13.6%+10.7%+9.2%
Q3 2021-3.9%-7.3%-16.6%
Q2 2021+8.9%+10.0%+2.8%
Q1 2021+2.7%+3.2%+14.9%
Q4 2020-3.0%-4.8%+8.5%
Q3 2020-5.3%-2.1%+0.5%
Q2 2020-10.4%-13.3%-6.5%
Q1 2020-8.3%-3.9%-2.7%
Q4 2019-2.5%-2.1%+10.8%
Q3 2019-2.3%-1.9%+2.3%
Q2 2019+12.4%+7.0%+6.9%
Q1 2019+1.7%+6.8%+10.4%
Q4 2018+16.7%+15.3%+23.4%
Q3 2018-14.8%-12.6%-3.8%
Q2 2018+11.7%+13.4%+17.2%
Q1 2018+15.7%+17.4%+18.2%
Q4 2017+7.0%+10.9%+22.5%
Q3 2017+8.5%+11.0%+19.7%
Q2 2017+7.1%+6.9%+8.1%
Q1 2017+12.5%+7.8%+23.6%
Q4 2016-20.3%-20.0%-18.3%
Q3 2016+20.3%+21.8%+19.3%
Q2 2016-10.4%-11.5%-20.3%
Q1 2016+6.1%+3.0%+12.6%
Q4 2015+10.6%
Q3 2015-11.9%
Q2 2015-15.7%
Q1 2015+8.5%
Q4 2014+5.5%
Q3 2014+13.4%
Q2 2014+17.7%
Q1 2014-15.1%
Q4 2013+7.6%
Q2 2013-0.9%
Q1 2013-16.7%
Q4 2012-2.4%
Q3 2012+5.7%
Q2 2012+11.7%
Q1 2012-7.5%
Q1 2011+2.4%
Q4 2011-4.4%
Q4 2009-4.8%
Q3 2011+23.3%
Q3 2010+23.3%
Q2 2011+19.0%
Q4 2010+19.0%
Q2 2010+19.0%

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