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Best Buy BBY Q2 2026 earnings

Reported August 27, 2026 · Before market open

Revenue$9.4BMiss by $156.5M
EPS$1.47Beat by $0.08
Revenue estimate$9.6B
EPS estimate$1.39
“We are very pleased to report we outperformed expectations in the second quarter with comparable sales growth of 4.1% and a higher-than-expected adjusted operating income rate. We drove growth across almost all our major product categories as well as continued strong performance in our Best Buy Ads and Marketplace initiatives.”
Corie Barry

Next report

Nov 24, 2026 (in 3 months)
Revenue estimate$9.7B
EPS estimate$1.39

Financials

Q2 2026

Income statement

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Revenue$9.4B+1.6%
Gross profit$2.2B+0.4%
Operating income$251.0M-34.5%
Net income$186.0M-36.1%
EPS (diluted)$0.87-35.1%

Balance sheet

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Cash & equivalents$1.7B+0.9%
Total debt$4.1B-0.5%
Total equity$2.7B-12.6%
Total assets$15.3B-2.4%

Cash flow

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Operating cash flow$749.0M+13.3%
CapEx$175.0M-4.4%
Free cash flow$574.0M+20.1%

Valuation & ratios

Valuation

as of 08/01/26
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Market cap$13.75B-26.3%
Enterprise value$16.14B-23.5%
P/E17.7×+2.9×
P/S0.3×-0.1×

Profitability

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Gross margin22.5%+0.3pp
Operating margin2.5%-1.3pp
Net margin1.9%-1.1pp

Returns & leverage

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Return on equity26.7%-15.7pp
Debt / equity1.5×+0.2×
Current ratio1×0.0×

Segments

By geography

See full
U.S.$9.6B—
Canada$853.3M—

FAQ

When did Best Buy report Q2 2026 earnings?
Best Buy (BBY) reported Q2 2026 earnings on August 27, 2026 before market open.
What were Best Buy's Q2 2026 revenue and EPS?
Best Buy reported revenue of $9.4B and eps of $1.47 for Q2 2026.
Did Best Buy beat estimates in Q2 2026?
Revenue missed the consensus estimate of $9.6B by $156.5M. EPS beat the consensus estimate of $1.39 by $0.08.
How did Best Buy's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.0% from $9.4B a year earlier and eps grew 14.8% from $1.28.
Where can I find Best Buy's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000764478-26-000037) directly on SEC EDGAR. The filing index links above go to sec.gov.