NYSE$LOW

Lowe's Companies Inc · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Lowe's reported Q1 2026 net earnings of $1.6 billion and diluted EPS of $2.90 with comparable sales up 0.6%.

Lowe's delivered total sales of $23.1 billion in Q1 2026, up from $20.9 billion last year, with adjusted diluted EPS rising 3.8% to $3.03. Positive comparable sales were driven by strong spring execution, online growth, and strength in Pro, appliances, and home services. The company affirmed its full-year 2026 outlook while noting acquisition-related expenses.

  • Net sales reached $23.1 billion with comparable sales increasing 0.6% year-over-year.
  • Diluted EPS was $2.90; adjusted diluted EPS grew 3.8% to $3.03 after excluding $96 million in acquisition expenses.
  • Operating income was $2.55 billion; the company paid $674 million in dividends during the quarter.
  • Full-year 2026 outlook affirmed with expected sales of $92-94 billion and adjusted EPS of $12.25-$12.75.

Headline financials

Total Revenue

$23.1B

Previous: $20.9B+10.3%
EPS (adj)

$3.03

Previous: $2.92+3.8%
Comparable Sales

0.6%

Previous: -1.7%+135.3%
Capital Expenditures

-$521M

Previous: -$518M-0.6%
Free Cash Flow

$2.83B

No prior period
Net Income

$1.63B

Previous: $1.64B-0.8%
Operating Income

$2.55B

Previous: $2.49B+2.4%
Gross Profit

$7.54B

Previous: $6.99B+8.0%
Cash & Equivalents

$786M

No prior period
Total Assets

$54.9B

No prior period

Revenue & EPS history

Lowe's · Revenue · Quarterly

$23.1B

Q1 2026+10.3%vs Q1 2025
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Forward guidance

Company affirms full-year 2026 outlook including sales growth and margin targets.

Tailwinds

  • Total sales expected $92.0-94.0 billion (7-9% growth)
  • Comparable sales flat to +2%
  • Adjusted diluted EPS $12.25-$12.75

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 Q1 2026

Historical avgQ1 2026

+0.4%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+1.7%

Avg return

30 days after

53%

35 / 66 earnings

Positive

+16.5%

Q4 2019

Best reaction

-6.5%

Q1 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%
Q4 2025-3.8%-7.7%-17.3%
Q3 2025+3.4%+4.2%+9.5%
Q2 2025+0.3%+1.0%+3.4%
Q1 2025-1.6%-4.4%-8.0%
Q4 2024+1.9%+1.6%-5.8%
Q3 2024-3.2%-2.6%-10.0%
Q3 2023+0.2%+3.0%+4.2%
Q2 2024-0.3%+2.8%+7.3%
Q1 2024-3.5%-6.1%-0.7%
Q1 2023-1.5%+0.5%-6.7%
Q4 2023+2.7%+1.6%+14.1%
Q2 2023+4.4%+2.5%-3.2%
Q4 2022+0.4%+5.5%+6.0%
Q3 2022-0.2%+0.7%-1.3%
Q2 2022+1.1%-1.9%-10.4%
Q1 2022-3.2%-4.0%-11.1%
Q4 2021-3.1%-9.7%-11.4%
Q3 2021+1.1%+3.1%+1.4%
Q2 2021+11.2%+13.1%+14.7%
Q1 2021+0.3%-1.1%-3.0%
Q4 2020+0.5%+6.8%+13.6%
Q3 2020-6.4%-3.9%+2.1%
Q2 2020+0.4%+4.9%+1.4%
Q1 2020+3.2%+4.6%+14.5%
Q4 2019+16.5%+31.1%+43.1%
Q3 2019+0.9%+2.9%+4.4%
Q2 2019-0.2%+2.2%-5.2%
Q1 2019+3.8%+3.7%+10.6%
Q4 2018+2.8%+5.6%+2.9%
Q3 2018-1.0%-0.9%+3.9%
Q2 2018-0.3%+0.8%+1.9%
Q1 2018+0.9%+2.7%-2.1%
Q4 2017-2.6%+0.6%-4.3%
Q3 2017-6.4%-2.8%+5.3%
Q2 2017+3.8%+5.2%+10.2%
Q1 2017-2.1%-1.0%-3.6%
Q4 2016-0.5%+0.1%+4.1%
Q3 2016-0.9%+1.6%+0.2%
Q2 2016-0.6%-1.3%-5.5%
Q1 2016-0.1%-0.4%-1.5%
Q4 2015+1.4%
Q3 2015-2.6%
Q2 2015-0.2%
Q1 2015+0.7%
Q4 2014-0.5%
Q3 2014+1.8%
Q2 2014+0.8%
Q1 2014+0.3%
Q4 2013+1.0%
Q3 2013+0.1%
Q2 2013+0.3%
Q1 2013-6.5%
Q4 2012+0.9%
Q3 2012-2.3%
Q2 2012-1.3%
Q1 2012+4.8%
Q4 2011-1.0%
Q3 2011+1.2%
Q2 2011-2.7%
Q1 2011-2.2%
Q4 2010+0.9%
Q3 2010+9.8%
Q2 2010+3.8%
Q1 2010+0.6%
Q4 2009-0.3%

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