Equity Profile

HD

The Home Depot, Inc.

Consumer DiscretionaryHome Improvement Retail$309.5B

Aug18Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract customers and increase sales, which is crucial in a competitive retail environment.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

HD Q2-2026 Earnings Preview

Context

Company Snapshot

The Home Depot, Inc. (HD) is a leading home improvement retailer in the consumer discretionary sector, providing a wide range of products and services for DIY enthusiasts and professional contractors. As the housing market fluctuates, the company's performance is closely tied to consumer spending on home renovations and improvements.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+1.95%

Avg Stock Reaction

+0.27%

Last Quarter Recap

In Q1-2026, Home Depot reported an EPS of $3.43, slightly beating estimates. The stock reacted positively, gaining 0.88% the next day.

Management Promises & Guidance

Focus on improving supply chain efficiency.
Commitment to enhancing customer service experience.
Plans to expand online sales capabilities.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, hoping for positive surprises in EPS and revenue growth.

Bull Case

If Home Depot can demonstrate strong same-store sales and effective cost management, it may lead to significant stock appreciation.

Bear Case

Conversely, if the company reports disappointing sales figures or higher costs, it could trigger a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported same-store sales growth for Q2-2026?

This metric is crucial for assessing the company's ability to drive sales in existing stores, which can significantly impact investor sentiment.

How is Home Depot managing supply chain costs amid inflationary pressures?

Understanding cost management strategies will help investors gauge the company's profitability and operational efficiency in a challenging economic environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the impact of Home Depot's supply chain improvements and customer engagement strategies, which could lead to better-than-expected sales.

Supporting Evidence

The company has a history of outperforming EPS estimates, suggesting potential for positive surprises.

Options pricing indicates a larger expected move than historical averages, hinting at potential volatility.

Recent insider buying could signal confidence in the company's future performance.

Key Risk

If same-store sales growth exceeds 5%, it could challenge the current cautious consensus and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's focus is on consumer spending trends and how well Home Depot can navigate cost pressures while maintaining sales growth.

Bull Confirmed If

Reporting same-store sales growth of over 5% would confirm strong consumer demand and operational success.

Bear Confirmed If

If same-store sales growth falls below 2%, it would indicate potential struggles in attracting customers.

Pre-Earnings Positioning

Options Market

Implied Move

±11.48%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±11.5% while HD has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

27.5%

Calls (896K)P/C Ratio: 0.72Puts (399K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Home Depot beats expectations, history suggests the stock could rise by around 1.13%, confirming a strong operational performance.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see limited movement as investors reassess future growth.

Miss

A disappointing earnings report could lead to a drop of approximately 1.16%, reflecting investor concerns about the company's performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

6 buys·5 sells

Members

House + Senate

Est. Notional

$25,011.00–$200,000.00

disclosed dollar ranges

Most Active Members

D-TXLloyd DoggettRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on same-store sales growth and overall revenue performance.
2Details on supply chain management and cost control measures.
3Insights into customer engagement strategies and online sales growth.
4Any commentary on macroeconomic factors affecting consumer spending.
5Management's outlook for the remainder of the fiscal year.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract customers and increase sales, which is crucial in a competitive retail environment.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

HD Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+1.95%

Avg Stock Reaction

+0.27%

Last Quarter Recap

In Q1-2026, Home Depot reported an EPS of $3.43, slightly beating estimates. The stock reacted positively, gaining 0.88% the next day.

Management Promises & Guidance

Focus on improving supply chain efficiency.
Commitment to enhancing customer service experience.
Plans to expand online sales capabilities.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, hoping for positive surprises in EPS and revenue growth.

Bull Case

If Home Depot can demonstrate strong same-store sales and effective cost management, it may lead to significant stock appreciation.

Bear Case

Conversely, if the company reports disappointing sales figures or higher costs, it could trigger a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported same-store sales growth for Q2-2026?

This metric is crucial for assessing the company's ability to drive sales in existing stores, which can significantly impact investor sentiment.

How is Home Depot managing supply chain costs amid inflationary pressures?

Understanding cost management strategies will help investors gauge the company's profitability and operational efficiency in a challenging economic environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the impact of Home Depot's supply chain improvements and customer engagement strategies, which could lead to better-than-expected sales.

Supporting Evidence

The company has a history of outperforming EPS estimates, suggesting potential for positive surprises.

Options pricing indicates a larger expected move than historical averages, hinting at potential volatility.

Recent insider buying could signal confidence in the company's future performance.

Key Risk

If same-store sales growth exceeds 5%, it could challenge the current cautious consensus and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's focus is on consumer spending trends and how well Home Depot can navigate cost pressures while maintaining sales growth.

Bull Confirmed If

Reporting same-store sales growth of over 5% would confirm strong consumer demand and operational success.

Bear Confirmed If

If same-store sales growth falls below 2%, it would indicate potential struggles in attracting customers.

Pre-Earnings Positioning

Options Market

Implied Move

±11.48%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±11.5% while HD has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

27.5%

Calls (896K)P/C Ratio: 0.72Puts (399K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Home Depot beats expectations, history suggests the stock could rise by around 1.13%, confirming a strong operational performance.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see limited movement as investors reassess future growth.

Miss

A disappointing earnings report could lead to a drop of approximately 1.16%, reflecting investor concerns about the company's performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

6 buys·5 sells

Members

House + Senate

Est. Notional

$25,011.00–$200,000.00

disclosed dollar ranges

Most Active Members

D-TXLloyd DoggettRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on same-store sales growth and overall revenue performance.
2Details on supply chain management and cost control measures.
3Insights into customer engagement strategies and online sales growth.
4Any commentary on macroeconomic factors affecting consumer spending.
5Management's outlook for the remainder of the fiscal year.