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Lowe's Companies (LOW) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Aug 28, 2025
Lowe's Companies (LOW) reported revenue of $24.0B for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +14% from the quarter before. Operating margin was 14.5%, net earnings $2.4B (10.0% of revenue).
Lowe's Companies, Q2 FY26: revenue $24.0B (+2% year over year), operating margin 14.5%, net earnings $2.4B, operating cash flow $4.2B. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.0B | +14% | +2% |
| Gross profit | $8.1B | +16% | +3% |
| Operating profit | $3.5B | +39% | +0.6% |
| Net earnings | $2.4B | +46% | +0.6% |
| Operating cash flow | $4.2B | +25% | +34% |
| Free cash flow | $3.7B | +31% | +37% |
What changed
Revenue was $24.0B in Q2 FY26, up 2% year over year and up 14% from the previous quarter. Home Decor was the largest line at 35% of revenue. Home Decor added $0.18B year over year (up 2%), 48% of the total change.
Gross margin was 33.8%, up 0.3 points from a year earlier. Operating profit was $3.5B, a 14.5% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, below the 15% margin then. Operating expenses grew 4% against revenue growth of 2%. Net earnings were $2.4B, up 1% year over year. The effective tax rate was 24.0%.
Operating cash flow was $4.2B (up 34% year over year), 176% of net earnings. Non-cash charges added back $0.52B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $1.3B. Capital expenditures of $0.49B left free cash flow of $3.7B.
Questions
What was Lowe's Companies' revenue in the second quarter fiscal 2026?
Lowe's Companies (LOW) reported revenue of $24.0B for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +14% from the quarter before.
Was Lowe's Companies profitable in the second quarter fiscal 2026?
Operating profit was $3.5B (14.5% of revenue) and net earnings $2.4B.
Source: Lowe's Companies 10-Q on SEC EDGAR.