Filing Flows › Best BUY (BBY) › Q1 FY26
Best BUY (BBY) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 6, 2025
Best BUY (BBY) reported revenue of $8.8B for the first quarter fiscal 2026 (Q1 FY26), -0.9% from a year earlier and -37% from the quarter before. Operating margin was 2.5%, net earnings $202M (2.3% of revenue).
Best BUY, Q1 FY26: revenue $8.8B (-0.9% year over year), operating margin 2.5%, net earnings $202M, operating cash flow $34.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.8B | -37% | -0.9% |
| Gross profit | $2.0B | -30% | -0.7% |
| Operating profit | $219M | +0.9% | -30% |
| Net earnings | $202M | +73% | -18% |
| Operating cash flow | $34.0M | -98% | -78% |
What changed
Revenue was $8.8B in Q1 FY26, down 1% year over year and down 37% from the previous quarter. Domestic Segment was the largest line at 93% of revenue. Domestic Segment lost $0.08B year over year (down 1%), 95% of the total change.
Gross margin was 23.4%, unchanged from a year earlier. Operating profit was $0.22B, a 2.5% margin (down 1.0 points year over year). Operating expenses grew 4% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+627%). Net earnings were $0.20B, down 18% year over year. The effective tax rate was 8.6%.
Operating cash flow was $0.03B (down 78% year over year), 17% of net earnings. Non-cash charges added back $0.22B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.42B. Capital expenditures of $0.17B exceeded it, leaving free cash flow of −$0.13B.
Questions
What was Best BUY's revenue in the first quarter fiscal 2026?
Best BUY (BBY) reported revenue of $8.8B for the first quarter fiscal 2026 (Q1 FY26), -0.9% from a year earlier and -37% from the quarter before.
Was Best BUY profitable in the first quarter fiscal 2026?
Operating profit was $219M (2.5% of revenue) and net earnings $202M.
Source: Best BUY 10-Q on SEC EDGAR.