Filing Flows › Lowe's Companies (LOW) › Q1 FY27
Lowe's Companies (LOW) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 28, 2026
Lowe's Companies (LOW) reported revenue of $23.1B for the first quarter fiscal 2027 (Q1 FY27), +10% from a year earlier and +12% from the quarter before. Operating margin was 11.1%, net earnings $1.6B (7.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.1B | +12% | +10% |
| Gross profit | $7.5B | +13% | +8% |
| Operating profit | $2.6B | +50% | +2% |
| Net earnings | $1.6B | +63% | -0.8% |
| Operating cash flow | $3.4B | +114% | -0.9% |
| Free cash flow | $2.8B | +193% | -1% |
What changed
Revenue was $23.1B in Q1 FY27, up 10% year over year and up 12% from the previous quarter. Products was the largest line at 96% of revenue. Products added $1.9B year over year (up 9%), 88% of the total change.
Gross margin was 32.7%, down 0.7 points from Q1 FY26. Operating profit was $2.6B, a 11.1% margin (down 0.8 points year over year). Of the extra revenue versus Q1 FY26, 3% reached operating profit, below the 12% margin then. Operating expenses grew 11% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+27%). Net earnings were $1.6B, down 1% year over year. The effective tax rate was 24.5%.
Operating cash flow was $3.4B (down 1% year over year), 206% of net earnings. Non-cash charges added back $0.64B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $1.0B. Capital expenditures of $0.52B left free cash flow of $2.8B.
Questions
What was Lowe's Companies' revenue in the first quarter fiscal 2027?
Lowe's Companies (LOW) reported revenue of $23.1B for the first quarter fiscal 2027 (Q1 FY27), +10% from a year earlier and +12% from the quarter before.
Was Lowe's Companies profitable in the first quarter fiscal 2027?
Operating profit was $2.6B (11.1% of revenue) and net earnings $1.6B.
Source: Lowe's Companies 10-Q on SEC EDGAR.