Filing Flows › Lowe's Companies (LOW) › Q2 FY27
Lowe's Companies (LOW) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Aug 27, 2026
Lowe's Companies (LOW) reported revenue of $26.0B for the second quarter fiscal 2027 (Q2 FY27), +8% from a year earlier and +12% from the quarter before. Operating margin was 13.7%, net earnings $2.4B (9.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.0B | +12% | +8% |
| Gross profit | $8.6B | +14% | +6% |
| Operating profit | $3.5B | +39% | +2% |
| Net earnings | $2.4B | +47% | 0% |
| Operating cash flow | $3.7B | +9% | -14% |
| Free cash flow | $3.1B | +10% | -17% |
What changed
Revenue was $26.0B in Q2 FY27, up 8% year over year and up 12% from the previous quarter. Products was the largest line at 95% of revenue. Products added $1.8B year over year (up 8%), 88% of the total change.
Gross margin was 33.0%, down 0.8 points from Q2 FY26. Operating profit was $3.5B, a 13.7% margin (down 0.8 points year over year). Of the extra revenue versus Q2 FY26, 4% reached operating profit, below the 14% margin then. Operating expenses grew 9% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+25%). Net earnings were $2.4B, roughly flat year over year. The effective tax rate was 24.4%.
Operating cash flow was $3.7B (down 14% year over year), 153% of net earnings. Non-cash charges added back $0.65B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $0.55B. Capital expenditures of $0.54B left free cash flow of $3.1B.
Questions
What was Lowe's Companies' revenue in the second quarter fiscal 2027?
Lowe's Companies (LOW) reported revenue of $26.0B for the second quarter fiscal 2027 (Q2 FY27), +8% from a year earlier and +12% from the quarter before.
Was Lowe's Companies profitable in the second quarter fiscal 2027?
Operating profit was $3.5B (13.7% of revenue) and net earnings $2.4B.
Source: Lowe's Companies 10-Q on SEC EDGAR.