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Home Depot (HD) guidance and outlook
Home Depot's 10-Q filed Aug 25, 2026 makes 8 forward-looking statements, 1 of them new and 0 no longer said since the filing before.
Guidance and outlook
Forward-looking statements, 10-Q filed Aug 25, 2026
- new · Supreme Court ruling, and as of August 2, 2026 , we had received approximately $730 million in IEEPA tariff refunds, representing the vast majority of our expected refunds.
- Our comparable sales results reflect customer engagement with smaller repair and maintenance projects, despite the impact of consumer uncertainty and housing affordability pressure on home improvement demand.
- In March 2024, we paused share repurchases in connection with the SRS acquisition and do not have plans to resume share repurchases in fiscal 2026 as we seek to reduce our outstanding debt.
- We plan to invest approximately $4 billion back into our business in the form of capital expenditures in fiscal 2026, in line with our expectation of approximately 2.5% of projected fiscal 2026 net sales.
- We expect to make investments across initiatives supporting our strategy of driving our core and culture, including building new stores and maintaining existing stores, delivering a frictionless interconnected experience, and winning with Pros.
- We intend to pay a dividend in the future; however, any future dividend is subject to declaration by our Board based on our earnings, capital requirements, financial condition, and other factors considered relevant by our Board.
- updated · At August 2, 2026, we had outstanding borrowings under our commercial paper program of $4.2 billion with a weighted average interest rate of 3.8%, we had no outstanding borrowings under our back-up credit facilities, and we were in compliance with all of the covenants contained in our back-up credit facilities, none of which are expected to impact our liquidity or capital resources.
- The indentures governing our notes contain various covenants, none of which are expected to impact our liquidity or capital resources.
Home Depot's latest quarter
Home Depot, Q2 FY27: revenue $47.9B (+6% year over year), operating margin 14.3%, net earnings $4.8B, operating cash flow $5.4B. The chart follows the revenue to costs, profit and cash.
Questions
What does Home Depot expect?
Supreme Court ruling, and as of August 2, 2026 , we had received approximately $730 million in IEEPA tariff refunds, representing the vast majority of our expected refunds. At August 2, 2026, we had outstanding borrowings under our commercial paper program of $4.2 billion with a weighted average interest rate of 3.8%, we had no outstanding borrowings under our back-up credit facilities, and we were in compliance with all of the covenants contained in our back-up credit facilities, none of which are expected to impact our liquidity or capital resources.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.