Lowe’s Companies, Inc. (NYSE:LOW) on Wednesday reported mixed second-quarter 2026 results and narrowed its full-year outlook below Wall Street estimates.
Adjusted earnings rose 1.6% to $4.40 per share from $4.33, beating the $4.22 analyst estimate. Net sales rose 8.3% to $25.96 billion from $23.96 billion a year earlier but missed the $26.16 billion estimate.
Lowe’s narrowed fiscal 2026 sales guidance to about $92 billion from its previous range of $92 billion to $94 billion, missing the $93.35 billion analyst estimate.
The company now expects adjusted EPS of about $12.25, down from its previous range of $12.25 to $12.75 and missing the $12.88 estimate. Lowe’s expects GAAP EPS of about $11.75, comparable sales to be flat, operating margin of about 11.2% and adjusted operating margin of about 11.6%.
“Sustained growth in Pro, Online and Home Services led to our fifth consecutive quarter of positive comp sales, despite pressure in discretionary DIY spending,” said Marvin R. Ellison, Lowe’s chairman, president and CEO. “While the near-term remains dynamic, our teams are executing at a high level, advancing our Total Home strategy and investing to drive growth and profitability. I would like to thank all of our frontline associates for their hard work and dedication to our customers.”
Lowe’s shares fell 0.4% to trade at $219.96 on Thursday.
These analysts made changes to their price targets on Lowe’s following earnings announcement.
- Mizuho analyst David Bellinger maintained the stock with an Outperform rating and lowered the price target from $280 to $250.
- Keybanc analyst Bradley B. Thomas reiterated the stock with an Overweight rating and maintained a $275 price target.
- RBC Capital analyst Steven Shemesh reiterated the stock with a Sector Perform and maintained a $231 price target.
- TD Cowen analyst Max Rakhlenko reiterated the stock with a Hold and maintained a $235 price target.
Considering buying LOW stock? Here’s what analysts think:
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