Filing Flows › Best BUY (BBY) › Q1 FY27
Best BUY (BBY) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 5, 2026
Best BUY (BBY) reported revenue of $8.9B for the first quarter fiscal 2027 (Q1 FY27), +2% from a year earlier and -35% from the quarter before. Operating margin was 4.1%, net earnings $276M (3.1% of revenue).
Best BUY, Q1 FY27: revenue $8.9B (+2% year over year), operating margin 4.1%, net earnings $276M, operating cash flow $375M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.9B | -35% | +2% |
| Gross profit | $2.1B | -27% | +3% |
| Operating profit | $370M | -49% | +69% |
| Net earnings | $276M | -49% | +37% |
| Operating cash flow | $375M | -71% | 11× |
| Free cash flow | $215M | -81% | — |
What changed
Revenue was $8.9B in Q1 FY27, up 2% year over year and down 35% from the previous quarter. Domestic Segment was the largest line at 92% of revenue. Domestic Segment added $0.12B year over year (up 2%), 72% of the total change.
Gross margin was 23.5%, up 0.2 points from Q1 FY26. Operating profit was $0.37B, a 4.1% margin (up 1.6 points year over year). Of the extra revenue versus Q1 FY26, 89% reached operating profit, above the 2% margin then. Operating expenses fell 5% while revenue rose 2%. Net earnings were $0.28B, up 37% year over year. The effective tax rate was 27.0%.
Operating cash flow was $0.38B (up 1003% year over year), 136% of net earnings. Non-cash charges added back $0.20B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.14B. Capital expenditures of $0.16B left free cash flow of $0.21B.
Questions
What was Best BUY's revenue in the first quarter fiscal 2027?
Best BUY (BBY) reported revenue of $8.9B for the first quarter fiscal 2027 (Q1 FY27), +2% from a year earlier and -35% from the quarter before.
Was Best BUY profitable in the first quarter fiscal 2027?
Operating profit was $370M (4.1% of revenue) and net earnings $276M.
Source: Best BUY 10-Q on SEC EDGAR.