Filing Flows › Lowe's Companies (LOW) › Q1 FY27 › vs Q4 FY26
Lowe's Companies (LOW) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Lowe's Companies's revenue rose $2.5B (+12%) from $20.6B in Q4 FY26 to $23.1B in Q1 FY27. The biggest changes: Products +$2.5B (+13%); Product and Service, Other −$144M (-31%); Services +$117M (+20%). Gross margin 32.7% against 32.5% (+0.2 pts).
Lowe's Companies, Q1 FY27: revenue $23.1B (+10% year over year), operating margin 11.1%, net earnings $1.6B, operating cash flow $3.4B. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 32.7% | 32.5% | +0.2 pts |
| Operating margin | 11.1% | 8.3% | +2.8 pts |
| Net margin | 7.1% | 4.9% | +2.2 pts |
| Free cash flow margin | 12.3% | 4.7% | +7.6 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Products | $22.1B | $19.5B | $2.5B | +13% |
| Services | $706M | $589M | $117M | +20% |
| Product and Service, Other | $317M | $461M | −$144M | -31% |
| Revenue | $23.1B | $20.6B | $2.5B | +12% |
| Gross profit | $7.5B | $6.7B | $862M | +13% |
| Cost of revenue | $15.5B | $13.9B | $1.6B | +12% |
| Operating profit | $2.6B | $1.7B | $846M | +50% |
| Operating expenses | $5.0B | $5.0B | $16.0M | +0.3% |
| Pre-tax earnings | $2.2B | $1.3B | $851M | +65% |
| Other expense, net | $399M | $404M | −$5.0M | -1% |
| SG&A | $4.4B | $4.4B | $13.0M | +0.3% |
| Other operating costs | $566M | $563M | $3.0M | +0.5% |
| Net earnings | $1.6B | $1.0B | $628M | +63% |
| Income tax | $527M | $304M | $223M | +73% |
| Depreciation & amortization | $644M | $637M | $7.0M | +1% |
| Share-based compensation | $65.0M | $70.0M | −$5.0M | -7% |
| Working capital & other | $1.0B | −$140M | $1.2B | — |
| Operating cash flow | $3.4B | $1.6B | $1.8B | +114% |
| Free cash flow (OCF − capex) | $2.8B | $964M | $1.9B | +193% |
| Capital expenditures | $521M | $603M | −$82.0M | -14% |
Questions
How much did Lowe's Companies's revenue grow quarter over quarter in Q1 FY27?
Lowe's Companies's revenue rose $2.5B (+12%) from $20.6B in Q4 FY26 to $23.1B in Q1 FY27.
What drove Lowe's Companies's revenue change in Q1 FY27?
Products +$2.5B (+13%); Product and Service, Other −$144M (-31%); Services +$117M (+20%).