The GAAP EPS miss and margin compression are concerning, but the reaffirmed guidance and adjusted EPS beat may limit downside. Watch for commentary on housing macro and tariff impacts during the conference call. Near-term price action likely driven by whether the market focuses on the headline miss or the adjusted beat.
Price Chart
Executive Summary
Lowe's reported Q1 2026 GAAP diluted EPS of $2.90, missing consensus of $2.97 by 2.4%, though adjusted EPS of $3.03 beat. Revenue of $23.1B edged past expectations of $22.88B, but comparable sales grew only 0.6% and operating margins contracted 85bps to 11.07%. The company affirmed its full-year 2026 outlook.
Key Financial Metrics
Key Facts
- GAAP diluted EPS of $2.90 missed consensus of $2.97 (miss of -2.4%)
- Adjusted diluted EPS of $3.03 increased 3.8% YoY
- Revenue of $23.1B beat consensus of $22.88B (+0.9%)
- Comparable sales increased 0.6%, fourth consecutive positive quarter
- Operating margin declined 85bps to 11.07%; gross margin down 70bps to 32.68%
- Full-year 2026 guidance affirmed: EPS $11.75-$12.25, sales $92-$94B
- Net earnings of $1.628B vs $1.641B YoY, down slightly
Financial Impact
GAAP EPS miss of $0.07 vs consensus; revenue beat of $0.2B. Annual guidance unchanged provides some support.
Risk Factors
- Challenging housing macro environment pressuring demand
- Margin compression from acquisition integration and cost pressures
- Tariff and trade policy uncertainty could impact costs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000060667-26-000062 |
| Exhibit: exhibit992-05202026.htm | 0000060667-26-000062 |
| Document: low-20260520.htm | 0000060667-26-000062 |
| Document: 0000060667-26-000062-index-headers.html | 0000060667-26-000062 |
| Document: 0000060667-26-000062-index.html | 0000060667-26-000062 |
| Document: 0000060667-26-000062.txt | 0000060667-26-000062 |
| 8-K Data (Synthetic) | 0000060667-26-000062 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 4w ago | Press Release | $204.70 $187.26 | ▼ −8.52% | ▼ −8.33% | $180.80 (−11.68%) |
Aug 19, 2026 6w ago | 8-K | $220.00 $194.19 | ▲ +11.73% | ▲ +9.78% | $180.80 (+17.82%) |
Aug 19, 2026 6w ago | Press Release | $220.00 $194.19 | ▼ −11.73% | ▼ −9.78% | $180.80 (−17.82%) |
Aug 12, 2026 7w ago | Press Release | $215.97 $196.59 | ▲ +8.97% | ▲ +7.08% | $180.80 (+16.28%) |
May 20, 2026 19w ago | 8-K | $220.43 $217.27 | ▲ +1.43% | ▲ +1.39% | $180.80 (+17.98%) |
May 12, 2026 20w ago | ANALYST-UPGRADE | $224.39 $216.19 | ▼ −3.65% | ▼ −1.93% | $180.80 (−19.42%) |
May 12, 2026 20w ago | Court Ruling | $224.52 $216.19 | ▼ −3.71% | ▼ −1.98% | $180.80 (−19.47%) |
May 12, 2026 20w ago | Court Ruling | $224.52 $216.19 | ▼ −3.71% | ▼ −1.98% | $180.80 (−19.47%) |
Apr 16, 2026 24w ago | DEFA14A | $242.34 $220.45 | ▼ −9.03% | ▼ −14.85% | $180.80 (−25.39%) |
Mar 2, 2026 30w ago | Court Ruling | $257.17 $232.58 | ▼ −9.56% | ▼ −1.63% | $180.80 (−29.70%) |
US Market Status
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