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lululemon athletica LULU Q2 2026 earnings

Reported September 3, 2026 · After market close

Revenue$2.4BMiss by $42.4M
EPS$2.92Beat by $1.13
Revenue estimate$2.5B
EPS estimate$1.79
“While we continue to navigate some challenging dynamics, we are taking a prudent approach with our revised full-year outlook. Our teams remain focused on accelerating growth by strengthening our product offerings, increasing our marketing investments, and maintaining disciplined expense management. Looking ahead, we have confidence in the strength of the lululemon brand, the deep connection we have with our guests and ambassadors, and the significant opportunities we see to drive long-term growth.”
Meghan Frank

Next report

Dec 10, 2026 (in 2 months)
Revenue estimate$2.3B
EPS estimate$0.97

Financials

Q2 2026

Income statement

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Revenue$2.4B-4.3%
Gross profit$1.5B-1.0%
Operating income$453.7M-13.4%
Net income$329.2M-11.2%
EPS (diluted)$2.92-5.8%

Balance sheet

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Cash & equivalents$1.4B+20.2%
Total debt$2.1B+21.5%
Total equity$4.8B+9.2%
Total assets$8.5B+12.8%

Cash flow

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Operating cash flow$374.8M+14.0%
CapEx$149.7M-15.9%
Free cash flow$225.2M—

Valuation & ratios

Valuation

as of 10/09/26
See full
Market cap$10.73B-47.8%
Enterprise value$11.49B-45.8%
P/E7.6×-3.9×
P/S1×-0.9×

Profitability

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Gross margin56.1%-3.0pp
Operating margin17.8%-5.0pp
Net margin12.8%-3.6pp

Returns & leverage

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Return on equity30.9%-11.5pp
Debt / equity0.4×0.0×
Current ratio2.2×-0.1×

Segments

By segment

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Americas$1.6B-8.0%
China Mainland$407.1M+3.6%
Rest of World$391.8M+4.7%

By product

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Women's apparel$1.5B-3.8%
Men's apparel$621.4M-0.5%
Accessories and other categories$306.0M-13.4%

FAQ

When did lululemon athletica report Q2 2026 earnings?
lululemon athletica (LULU) reported Q2 2026 earnings on September 3, 2026 after market close.
What were lululemon athletica's Q2 2026 revenue and EPS?
lululemon athletica reported revenue of $2.4B and eps of $2.92 for Q2 2026.
Did lululemon athletica beat estimates in Q2 2026?
Revenue missed the consensus estimate of $2.5B by $42.4M. EPS beat the consensus estimate of $1.79 by $1.13.
How did lululemon athletica's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 4.3% from $2.5B a year earlier and eps declined 5.8% from $3.10.
Where can I find lululemon athletica's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001397187-26-000126) and the 10-Q periodic report (0001397187-26-000127) directly on SEC EDGAR. The filing index links above go to sec.gov.