Filing Flows

Filing Flows › Consumer Discretionary › Lowe's Companies (LOW)

Lowe's Companies (LOW) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Aug 27, 2026 · Lowe's Companies (LOW) Q2 FY27 earnings results →

Q2 FY27 Revenue up 8% year over year to $26.0B · 9¢ of every $1 of revenue kept as net profit · operating margin 13.7%

Lowe's Companies made $26.0B in Q2 FY27 (+8% Y/Y): Products $24.7B, Services $783M, Product and Service, Other $439M. Operating margin 13.7%, net earnings $2.4B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 27, 2026.

Revenue$26.0B
Year over year+8%
Operating margin13.7%
Net earnings$2.4B
Operating cash flow$3.7B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Lowe's Companies Q2 FY27 revenue breakdown: Sankey diagram of revenue (Products, Services, Product and Service, Other), costs, profit and cash flow
Lowe's Companies Q2 FY27 revenue breakdown — free to use with credit and a link (terms). Share on X
Embed this chart on your site

Free to use with the credit line. Click a box to select the code.

What changed this quarter

Revenue was $26.0B in Q2 FY27, up 8% year over year and up 12% from the previous quarter. Products was the largest line at 95% of revenue. Products added $1.8B year over year (up 8%), 88% of the total change.

Gross margin was 33.0%, down 0.8 points from Q2 FY26. Operating profit was $3.5B, a 13.7% margin (down 0.8 points year over year). Of the extra revenue versus Q2 FY26, 4% reached operating profit, below the 14% margin then. Operating expenses grew 9% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+25%). Net earnings were $2.4B, roughly flat year over year. The effective tax rate was 24.4%.

Operating cash flow was $3.7B (down 14% year over year), 153% of net earnings. Non-cash charges added back $0.65B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $0.55B. Capital expenditures of $0.54B left free cash flow of $3.1B.

Quarterly history

Lowe's Companies revenue by quarterLowe's Companies revenue by quarter$18.6BQ4 FY25$20.9BQ1 FY26$24.0BQ2 FY26$20.8BQ3 FY26$20.6BQ4 FY26$23.1BQ1 FY27$26.0BQ2 FY27
Lowe's Companies net earnings by quarterLowe's Companies net earnings by quarter$1.1BQ4 FY25$1.6BQ1 FY26$2.4BQ2 FY26$1.6BQ3 FY26$1.0BQ4 FY26$1.6BQ1 FY27$2.4BQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QAug 27, 2026$26.0B+8%13.7%$2.4B$3.7B
Q1 FY2710-QMay 28, 2026$23.1B+10%11.1%$1.6B$3.4B
Q4 FY2610-KMar 23, 2026$20.6B+11%8.3%$1.0B$1.6B
Q3 FY2610-QNov 26, 2025$20.8B+3%11.9%$1.6B$687M
Q2 FY2610-QAug 28, 2025$24.0B+2%14.5%$2.4B$4.2B
Q1 FY2610-QMay 29, 2025$20.9B-2%11.9%$1.6B$3.4B
Q4 FY2510-KMar 24, 2025$18.6B-0.3%9.9%$1.1B$911M

Charts

Lowe's Companies: revenue growth, year over year and quarter over quarterLowe's Companies: revenue growth, year over year and quarter over quarterY/YQ/Q0%Q4 FY25-2%+13%Q1 FY26+2%+14%Q2 FY26+3%-13%Q3 FY26+11%-1%Q4 FY26+10%+12%Q1 FY27+8%+12%Q2 FY27
Latest (Q2 FY27): Y/Y +8%, Q/Q +12%.
Lowe's Companies: where the cash came from (+) and went (−), TTM to Q2 FY27Lowe's Companies: where the cash came from (+) and went (−), TTM to Q2 FY27Operating cash flow$9.3BAcquisitions−$8.8BOther financing$6.9BNet borrowing (+) / repaid (−)−$4.2BDividends−$2.7BCapital spending−$2.3BCash drawn (+) / kept (−)$1.7BBuybacks−$464MOther investing$277MShares issued$150MAsset & business sales$83.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Lowe's Companies: profit against cash, quarter by quarterLowe's Companies: profit against cash, quarter by quarterNet incomeOperating cash flow$1.7B$1.3BQ3 FY25$1.1B$911MQ4 FY25$1.6B$3.4BQ1 FY26$2.4B$4.2BQ2 FY26$1.6B$687MQ3 FY26$1.0B$1.6BQ4 FY26$1.6B$3.4BQ1 FY27$2.4B$3.7BQ2 FY27
Latest (Q2 FY27): Net income $2.4B, Operating cash flow $3.7B.
Lowe's Companies: diluted shares by fiscal yearLowe's Companies: diluted shares by fiscal year750MFY21699MFY22631MFY23584MFY24568MFY25560MFY26
-25.3% since FY21: buybacks shrank the count.
Lowe's Companies: long-term debt falling due (FY26)Lowe's Companies: long-term debt falling due (FY26)$2.4B2027$3.0B2028$5.0B2029$1.8B2030$2.5B2031$25.1BLater
Cash $982M, short-term investments $370M, long-term debt $39.8B at 2026-01-30.
Lowe's Companies in its industry: growth against margin (5 companies, SIC 5211)Lowe's Companies in its industry: growth against margin (5 companies, SIC 5211)revenue growth, year over year →↑ operating marginmedian +3%median 6%HDBLDRFNDJCTCLOW (+8%, 14%)
Retail-Lumber & Other Building Materials Dealers; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

Customers and suppliers named in filings

Sells to

Buys from

About Lowe's Companies

Lowe’s Companies, Inc. and subsidiaries (the Company or Lowe’s) is a Fortune ® 100 company and the world’s second largest home improvement retailer. As of January 30, 2026, Lowe’s operated 1,759 home improvement stores and outlets in the United States, representing approximately 196 million square feet of retail selling space. In addition, Lowe’s operated over 540 branch locations in the United States and Canada, which include our current year acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG). Lowe’s was founded in 1921 with the opening of its first hardware store in North Wilkesboro, North Carolina. The Company was incorporated in North Carolina in 1952 and has been publicly held since 1961. The Company’s common stock is listed on the New York Stock Exchange - ticker symbol “LOW”.

In its own words, from its 10-K, filed Mar 23, 2026.

Lowe's Companies against its Retail-Lumber & Other Building Materials Dealers peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +3%. Operating margin: 13.7% against the peers' median 6.4%.

CompanyQuarterRevenueY/YOp. margin
LOW Lowe's CompaniesQ2 FY27$26.0B+8%13.7%
HD Home DepotQ2 FY27$47.9B+6%14.3%
BLDR Builders FirstSourceQ3 2026$3.9B-2%2.6%
FND Floor & Decor HoldingsQ3 2026$1.2B+3%6.4%
JCTC Jewett Cameron TradingQ3 FY26$9.9M-22%-7.8%

Source: Lowe's Companies 10-Q on SEC EDGAR · CIK 60667 · Retail-Lumber & Other Building Materials Dealers

Guidance and outlook

Lowe's Companies Revenue: guidance against what was reportedLowe's Companies Revenue: guidance against what was reportedguided rangereported (above / within / below)FY25$83.7BFY26$86.3BFY27
Met or beat 1 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns LOW and who is buying

Largest holders of LOW (13F)Largest holders of LOW (13F)Vanguard Group$13.6BBlackRock$8.9BFMR LLC$8.2BVanguard Capital Management LLC$8.1BState Street$5.6BVanguard Portfolio Management LLC$3.2BGeode Capital Management, LLC$3.1BMorgan Stanley$2.2BWells Fargo$1.8BBank of America$1.8B
Funds' net buying of LOW by quarter (13F)Funds' net buying of LOW by quarter (13F)−$231M2024-09−$1.4B2024-12$896M2025-03−$249M2025-06−$290M2025-09$1.4B2025-12−$340M2026-03$205M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on LOW

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

Compare LOW with

中文版：劳氏（LOW）财报

Español · Français