When did Target report Q1 2026 earnings?

Target (TGT) reported Q1 2026 earnings on May 20, 2026 before market open.

What were Target's Q1 2026 revenue and EPS?

Target reported revenue of $25.4B and diluted EPS of $1.71 for Q1 2026.

Did Target beat estimates in Q1 2026?

Revenue beat the consensus estimate of $24.7B by $783.8M. EPS beat the consensus estimate of $1.46 by $0.25.

How did Target's Q1 2026 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 3.7% from $24.5B a year earlier and diluted EPS declined 15.8% from $2.03.

Where can I find Target's Q1 2026 SEC filings?

You can read the 8-K earnings release (0000027419-26-000020) and the 10-Q periodic report (0000027419-25-000101) directly on SEC EDGAR. The filing index links above go to sec.gov.

Target TGT Q1 2026 earnings

Reported May 20, 2026 · Before market open

Revenue$25.4BBeat by $783.8M Diluted EPS$1.71Beat by $0.25

Revenue estimate$24.7B

EPS estimate$1.46

Next report

Aug 19, 2026 (in a month)

Revenue estimate$26.0B

EPS estimate$2.21

Financials

Q1 2026

Income statement

See full

Revenue$25.4B+6.7%

Gross profit$7.4B+9.9%

Operating income$1.1B-22.9%

Net income$781.0M-24.6%

EPS (diluted)$1.71-24.7%

Balance sheet

See full

Cash & equivalents$3.5B+22.4%

Total debt$18.8B-1.1%

Total equity$16.4B+9.7%

Total assets$58.0B+3.2%

Cash flow

See full

Operating cash flow$716.0M+160%

CapEx$1.0B+31.0%

Free cash flow-$319.0M+38.1%

Valuation & ratios

Valuation

as of 04/30/25

See full

Market cap$57.71B+31.0%

Enterprise value$73.01B+21.2%

P/E16.7×+6.2×

P/S0.5×+0.1×

Profitability

See full

Gross margin28.1%+0.1pp

Operating margin4.5%-0.9pp

Net margin3.2%-0.7pp

FCF margin2.8%-0.5pp

Returns & leverage

See full

Return on equity22%-7.1pp

Debt / equity1.1×-0.1×

Current ratio0.9×0.0×

Segments

By product

See full

Food & beverage$6.3B+6.1%

Household essentials$4.6B+4.9%

Apparel & accessories$3.8B+3.6%

Hardlines (Fun 101)$3.5B+14.6%

Beauty$3.4B+9.6%

By segment

See full

Reportable Segment$25.4B+6.7%

Versus estimates

Revenue

Q1 2027$25.4BBeat by $783.8M Q4 2026$30.5BIn line Q3 2026$25.3BMiss by $53.3M Q2 2026$25.2BBeat by $274.9M

Q1 2026$23.8BMiss by $295.0M

Q4 2025$30.9BBeat by $151.8M

Diluted EPS

Q1 2027$1.71Beat by $0.24 Q4 2026$2.44Beat by $0.28 Q3 2026$1.78Beat by $0.07 Q2 2026$2.05Beat by $0.01

Q1 2026$1.30Miss by $0.26

Q4 2025$2.41Beat by $0.14

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Questions, answered.

When did Target report Q1 2026 earnings?: Target (TGT) reported Q1 2026 earnings on May 20, 2026 before market open.
What were Target's Q1 2026 revenue and EPS?: Target reported revenue of $25.4B and diluted EPS of $1.71 for Q1 2026.
Did Target beat estimates in Q1 2026?: Revenue beat the consensus estimate of $24.7B by $783.8M. EPS beat the consensus estimate of $1.46 by $0.25.
How did Target's Q1 2026 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 3.7% from $24.5B a year earlier and diluted EPS declined 15.8% from $2.03.
Where can I find Target's Q1 2026 SEC filings?: You can read the 8-K earnings release (0000027419-26-000020) and the 10-Q periodic report (0000027419-25-000101) directly on SEC EDGAR. The filing index links above go to sec.gov.