NYSE$TGT
Target Corp · Q2 2026 earnings
Q2 2026 earnings · · Investor relations
Briefing
TGT Q2 2026 — $25.20B revenue, 2.06 EPS
While these statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for fair presentation of the results of the interim period, they do not include all of. Target Corp reported Q2 2026 results. Diluted EPS came in at $2.06. Net income of $2K. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.
- Revenue: $25.20B.
- Diluted EPS: $2.06.
- Adjusted EPS: $2.05.
- Net income: $2K.
- Operating income: $1K.
Headline financials
Revenue & EPS history
Target · Revenue · Quarterly
$25.2B
Revenue by segment
Target · $25.4B total across 9 segments · Q1 2027
- Food & beverage$6.26B—24.7%
- Household essentials$4.57B—18.0%
- Apparel & accessories$3.85B—15.1%
- Hardlines (Fun 101)$3.52B—13.9%
- Beauty$3.4B—13.4%
- Home furnishings & décor$3.24B—12.8%
- Advertising revenue$246M—1.0%
- Other$173M—0.7%
- Credit card profit sharing$130M—0.5%
Forward guidance
Target maintained its full-year 2025 guidance with EPS expected between $8.00 and $10.00, and adjusted EPS projected between $7.00 and $9.00.
Tailwinds
- Guidance for GAAP EPS reaffirmed at $8.00–$10.00.
- Adjusted EPS forecast maintained at ~$7.00–$9.00.
- Digital channel continues to grow with 4.3% increase.
- Non-merchandise revenue growth at 14.2%.
- Improved trends in store traffic vs. Q1.
Headwinds
- Comparable store sales fell 3.2%.
- Operating income dropped nearly 20%.
- Gross margin declined to 29.0%.
- SG&A expense rate slightly increased to 21.3%.
- After-tax ROIC fell to 14.3% from 16.6% YoY.
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
-0.3%
Avg return
Earnings day
-0.7%
Avg return
5 days after
-1.2%
Avg return
30 days after
41%
28 / 69 earnings
Positive
+24.3%
Q2 2019
Best reaction
-28.7%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -4.6% | — | — | |
| Q4 2026 | +4.3% | +6.7% | +6.4% | |
| Q3 2026 | -2.3% | -4.5% | +10.7% | |
| Q2 2026 | -7.9% | -7.8% | -16.4% | |
| Q1 2025 | -5.3% | -3.9% | -2.6% | |
| Q4 2024 | -3.0% | -4.7% | -21.9% | |
| Q3 2024 | -22.1% | -16.3% | -15.7% | |
| Q2 2024 | +8.7% | +10.1% | +7.2% | |
| Q1 2024 | -7.3% | -6.8% | -6.2% | |
| Q4 2023 | +15.3% | +12.8% | +14.4% | |
| Q3 2023 | +17.3% | +0.4% | +7.2% | |
| Q2 2023 | +4.0% | +2.2% | -1.6% | |
| Q1 2023 | -1.7% | -3.2% | -14.7% | |
| Q4 2022 | -2.6% | -0.5% | -3.9% | |
| Q3 2022 | -9.5% | -11.7% | -18.2% | |
| Q2 2022 | -4.0% | -10.1% | -8.9% | |
| Q1 2022 | -28.7% | -28.5% | -35.3% | |
| Q4 2021 | +12.6% | +12.2% | +6.2% | |
| Q3 2021 | -5.4% | -8.2% | -16.2% | |
| Q2 2021 | -3.6% | -0.8% | -3.1% | |
| Q1 2021 | +7.4% | +9.2% | +11.7% | |
| Q4 2020 | -6.7% | -7.2% | +7.9% | |
| Q3 2020 | +5.1% | +8.9% | +4.5% | |
| Q2 2020 | +11.2% | +11.9% | +8.7% | |
| Q1 2020 | -3.6% | -4.6% | -2.1% | |
| Q4 2019 | -1.1% | -2.9% | -13.5% | |
| Q3 2019 | +15.2% | +12.9% | +16.5% | |
| Q2 2019 | +24.3% | +22.5% | +24.7% | |
| Q1 2019 | +10.3% | +13.4% | +21.7% | |
| Q4 2018 | +5.8% | +4.3% | +12.0% | |
| Q3 2018 | -11.0% | -13.4% | -20.7% | |
| Q2 2018 | +4.1% | +4.0% | +4.9% | |
| Q1 2018 | -6.0% | -5.6% | +0.8% | |
| Q4 2017 | -4.9% | -6.2% | -3.6% | |
| Q3 2017 | -8.3% | -3.7% | +4.2% | |
| Q2 2017 | +3.3% | +4.1% | +10.3% | |
| Q1 2017 | +2.4% | +1.7% | -3.5% | |
| Q4 2016 | -13.6% | -14.3% | -17.4% | |
| Q3 2016 | +6.6% | +7.1% | +7.4% | |
| Q2 2016 | -6.9% | -6.7% | -8.3% | |
| Q1 2016 | -8.9% | — | — | |
| Q4 2015 | +6.3% | — | — | |
| Q3 2015 | -3.2% | — | — | |
| Q2 2015 | +0.4% | — | — | |
| Q1 2015 | +1.9% | — | — | |
| Q4 2014 | -0.1% | — | — | |
| Q3 2014 | +5.5% | — | — | |
| Q2 2014 | +3.1% | — | — | |
| Q1 2014 | -1.9% | — | — | |
| Q4 2013 | +7.3% | — | — | |
| Q3 2013 | -4.2% | — | — | |
| Q2 2013 | -5.5% | — | — | |
| Q1 2013 | -3.6% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | +1.8% | — | — | |
| Q2 2012 | +0.8% | — | — | |
| Q1 2012 | -0.5% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q3 2011 | -0.7% | — | — | |
| Q2 2011 | -1.7% | — | — | |
| Q1 2010 | -2.5% | — | — | |
| Q1 2011 | +0.2% | — | — | |
| Q4 2010 | +1.2% | — | — | |
| Q4 2008 | +1.2% | — | — | |
| Q3 2010 | -0.0% | — | — | |
| Q3 2009 | -0.0% | — | — | |
| Q2 2010 | -0.6% | — | — | |
| Q2 2009 | -0.6% | — | — | |
| Q4 2009 | -0.6% | — | — |
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