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Lowe's Companies (LOW) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Nov 26, 2025
Lowe's Companies (LOW) reported revenue of $20.8B for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -13% from the quarter before. Operating margin was 11.9%, net earnings $1.6B (7.8% of revenue).
Lowe's Companies, Q3 FY26: revenue $20.8B (+3% year over year), operating margin 11.9%, net earnings $1.6B, operating cash flow $687M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.8B | -13% | +3% |
| Gross profit | $7.1B | -12% | +5% |
| Operating profit | $2.5B | -28% | -2% |
| Net earnings | $1.6B | -33% | -5% |
| Operating cash flow | $687M | -84% | -47% |
| Free cash flow | $90.0M | -98% | -88% |
What changed
Revenue was $20.8B in Q3 FY26, up 3% year over year and down 13% from the previous quarter. Home Decor was the largest line at 37% of revenue. Other added $0.45B year over year (up 78%), 70% of the total change. Hardlines declined 4%.
Gross margin was 34.2%, up 0.5 points from a year earlier. Operating profit was $2.5B, a 11.9% margin (down 0.7 points year over year). Operating profit fell $0.06B even though revenue rose $0.64B versus a year earlier, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 3%. Net earnings were $1.6B, down 5% year over year. The effective tax rate was 24.1%.
Operating cash flow was $0.69B (down 47% year over year), 43% of net earnings. Non-cash charges added back $0.54B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $1.5B. Capital expenditures of $0.60B left free cash flow of $0.09B.
Questions
What was Lowe's Companies' revenue in the third quarter fiscal 2026?
Lowe's Companies (LOW) reported revenue of $20.8B for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -13% from the quarter before.
Was Lowe's Companies profitable in the third quarter fiscal 2026?
Operating profit was $2.5B (11.9% of revenue) and net earnings $1.6B.
Source: Lowe's Companies 10-Q on SEC EDGAR.