Best Buy stock holds after Q2 sales beat and guidance lift
Published on 08/28/2026 at 10:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Best Buy Co., Inc. (US0865161014) posted Q2 FY27 revenue of $9.779 billion on August 1, 2026, while adjusted diluted EPS came in at $1.47 and comparable sales rose 4.1%.
The company also lifted FY27 guidance, raising its comparable sales outlook to 1.9% to 3.0% and its adjusted diluted EPS range to $6.70 to $6.90, according to the August 27, 2026 earnings release.
Guidance is doing the work
The release puts the quarter in sharp relief: revenue rose 3.6% from $9.438 billion a year earlier, adjusted EPS increased 15% from $1.28, and operating income reached $421 million versus $251 million in Q2 FY26.
Domestic revenue accounted for $9.070 billion, up 4.3% year over year, while international revenue was $709 million and declined 4.2% from the prior-year period. That split shows the business is still being driven primarily by the U.S. side of the ledger.
Margins moved higher
Operating income as a share of revenue improved to 4.3% from 2.7% a year earlier, and domestic gross margin reached 24.0% from 23.4%. Those gains matter because the market has been rewarding earnings quality as much as sales growth.
Trading after the report reflected that tension: the shares were quoted at $83.45, down 4.56%, with a 52-week range of $55.10 to $91.27 and volume of 4.19 million shares. The stock's market value was $18.43 billion in one same-day market snapshot, while another market snapshot placed it at $18.42 billion.
What stands out
Best Buy's strongest category drivers in the quarter were computing, home theater and emerging lines such as AI glasses and trading cards, while traditional gaming softened. That combination suggests the company is leaning on a mix of discretionary upgrades and newer product niches rather than a single demand theme.
For investors, the key number is the combination of $42.3 billion to $42.8 billion in FY27 revenue guidance and a 4.4% to 4.5% adjusted operating income rate. The company is now framing growth and profitability together, not separately.
Best Buy's product mix
Consumer electronics, computing, appliances and services remain the core of Best Buy's retail model, with the company highlighting growth across almost all major product categories in Q2 FY27. Marketplace and Best Buy Ads also helped lift the domestic gross profit rate.
Best Buy stock and the close
Best Buy stock traded at $83.45 after the earnings release, versus an intraday span of $76.70 to $84.50. On the same session, the shares sat below the 52-week high of $91.27 but well above the 52-week low of $55.10.
Fact box
Company: Best Buy Co., Inc.
ISIN: US0865161014
Ticker: BBY
Exchange: NYSE
Price (as of August 27, 2026): $83.45 USD
Market cap: $18.43 billion
Sector / Industry: Consumer Cyclical / Specialty Retail
Index membership: S&P 500
Next earnings date: December 1, 2026
