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Best BUY (BBY) Q2 FY26 earnings results (second quarter fiscal 2026)

10-Q filed Sep 5, 2025

Best BUY (BBY) reported revenue of $9.4B for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +8% from the quarter before. Operating margin was 2.7%, net earnings $186M (2.0% of revenue).

Revenue$9.4B
Year over year+2%
Quarter over quarter+8%
Operating margin2.7%
Net earnings$186M

Best BUY, Q2 FY26: revenue $9.4B (+2% year over year), operating margin 2.7%, net earnings $186M, operating cash flow $749M. The chart follows the revenue to costs, profit and cash.

Q2 FY26AmountQ/QY/Y
Revenue$9.4B+8%+2%
Gross profit$2.2B+7%+0.4%
Operating profit$251M+15%-34%
Net earnings$186M-8%-36%
Operating cash flow$749M22×+13%
Free cash flow$574M—+20%

What changed

Revenue was $9.4B in Q2 FY26, up 2% year over year and up 8% from the previous quarter. Domestic was the largest line at 92% of revenue. Domestic added $0.07B year over year (up 1%), 50% of the total change.

Gross margin was 23.2%, down 0.3 points from a year earlier. Operating profit was $0.25B, a 2.7% margin (down 1.5 points year over year). Operating profit fell $0.13B even though revenue rose $0.15B versus a year earlier, so costs grew faster than sales. Operating expenses grew 8% against revenue growth of 2%. Net earnings were $0.19B, down 36% year over year. The effective tax rate was 26.8%.

Operating cash flow was $0.75B (up 13% year over year), 403% of net earnings. Non-cash charges added back $0.21B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.31B. Capital expenditures of $0.17B left free cash flow of $0.57B.

Questions

What was Best BUY's revenue in the second quarter fiscal 2026?

Best BUY (BBY) reported revenue of $9.4B for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +8% from the quarter before.

Was Best BUY profitable in the second quarter fiscal 2026?

Operating profit was $251M (2.7% of revenue) and net earnings $186M.

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Source: Best BUY 10-Q on SEC EDGAR.