Filing Flows › Target (TGT) › Guidance history
Target (TGT) guidance history: what it guided and what it reported
Target gave guidance in 12 earnings releases on file since Nov 15, 2023. Of 3 guided periods since reported, it met or beat its own guidance 3 times (100%). GAAP operating income: 1 of 1, on average +242.0% against the guided midpoint. Its releases raised guidance once and lowered it 0 times.
Operating margin
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 4.6% (Mar 3, 2026) → reaffirmed 4.6% (May 20, 2026) | — | to be reported | — |
Adjusted operating margin
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 4.6% (Aug 19, 2026) | — | to be reported | — |
GAAP operating income
Met or beat 1 of 1 periods (1 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $1.5B (Mar 4, 2025) | $5.1B | above the range | +242.1% |
GAAP net income
Met or beat 1 of 1 periods (1 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $1.1B (Mar 4, 2025) | $3.7B | above the range | +235.9% |
Tax rate
Met or beat 1 of 1 periods (0 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | 23.0%–24.0% (Mar 4, 2025) | 22.3% | below the range | -1.2 pts |
GAAP EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $1.30 (Mar 3, 2026) → raised $7.50–$8.50 (May 20, 2026) → raised $9.90–$10.90 (Aug 19, 2026) | — | to be reported | — |
| FY26 | $8.80–$9.80 (Mar 4, 2025) → lowered $8.00–$10.00 (May 21, 2025) → reaffirmed $8.00–$10.00 (Aug 20, 2025) | — | — | — |
| Q1 FY25 | $1.70–$2.10 (Mar 5, 2024) | — | — | — |
The latest quarter
Target, Q2 FY27: revenue $26.5B (+5% year over year), operating margin 9.6%, net earnings $1.9B, operating cash flow $3.8B. The chart follows the revenue to costs, profit and cash.
Questions
Does Target beat its guidance?
Target gave guidance in 12 earnings releases on file since Nov 15, 2023. Of 3 guided periods since reported, it met or beat its own guidance 3 times (100%). GAAP operating income: 1 of 1, on average +242.0% against the guided midpoint.
How often does Target raise guidance?
Its earnings releases raised guidance once and lowered it 0 times since Nov 15, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.