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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.

Lowe's Companies: what changed, Q1 FY27 vs Q4 FY26Lowe's Companies: what changed, Q1 FY27 vs Q4 FY26Products$2.5BFree cash flow (OCF − capex)$1.9BOperating cash flow$1.8BCost of revenue$1.6BWorking capital & other$1.2BGross profit$862MPre-tax earnings$851MOperating profit$846MNet earnings$628MIncome tax$223M

Margins

Q1 FY27Q4 FY26Change
Gross margin32.7%32.5%+0.2 pts
Operating margin11.1%8.3%+2.8 pts
Net margin7.1%4.9%+2.2 pts
Free cash flow margin12.3%4.7%+7.6 pts

Every line

LineQ1 FY27Q4 FY26Change%
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%).

Q1 FY27 results → · Compare in the interactive Sankey →