Filing Flows › Lowe's Companies (LOW) › Q2 FY27 › vs Q1 FY27
Lowe's Companies (LOW) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Lowe's Companies's revenue rose $2.9B (+12%) from $23.1B in Q1 FY27 to $26.0B in Q2 FY27. The biggest changes: Products +$2.7B (+12%); Product and Service, Other +$122M (+38%); Services +$77.0M (+11%). Gross margin 33.0% against 32.7% (+0.4 pts).
Lowe's Companies, Q2 FY27: revenue $26.0B (+8% year over year), operating margin 13.7%, net earnings $2.4B, operating cash flow $3.7B. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 33.0% | 32.7% | +0.4 pts |
| Operating margin | 13.7% | 11.1% | +2.6 pts |
| Net margin | 9.2% | 7.1% | +2.2 pts |
| Free cash flow margin | 12.0% | 12.3% | -0.2 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Products | $24.7B | $22.1B | $2.7B | +12% |
| Services | $783M | $706M | $77.0M | +11% |
| Product and Service, Other | $439M | $317M | $122M | +38% |
| Revenue | $26.0B | $23.1B | $2.9B | +12% |
| Gross profit | $8.6B | $7.5B | $1.0B | +14% |
| Cost of revenue | $17.4B | $15.5B | $1.8B | +12% |
| Operating profit | $3.5B | $2.6B | $995M | +39% |
| Operating expenses | $5.0B | $5.0B | $39.0M | +0.8% |
| Pre-tax earnings | $3.2B | $2.2B | $1.0B | +47% |
| Other expense, net | $374M | $399M | −$25.0M | -6% |
| SG&A | $4.5B | $4.4B | $33.0M | +0.7% |
| Other operating costs | $572M | $566M | $6.0M | +1% |
| Net earnings | $2.4B | $1.6B | $771M | +47% |
| Income tax | $776M | $527M | $249M | +47% |
| Depreciation & amortization | $648M | $644M | $4.0M | +0.6% |
| Share-based compensation | $67.0M | $65.0M | $2.0M | +3% |
| Working capital & other | $545M | $1.0B | −$468M | -46% |
| Operating cash flow | $3.7B | $3.4B | $309M | +9% |
| Free cash flow (OCF − capex) | $3.1B | $2.8B | $288M | +10% |
| Capital expenditures | $542M | $521M | $21.0M | +4% |
Questions
How much did Lowe's Companies's revenue grow quarter over quarter in Q2 FY27?
Lowe's Companies's revenue rose $2.9B (+12%) from $23.1B in Q1 FY27 to $26.0B in Q2 FY27.
What drove Lowe's Companies's revenue change in Q2 FY27?
Products +$2.7B (+12%); Product and Service, Other +$122M (+38%); Services +$77.0M (+11%).