Home Depot expands Pro delivery: what it means for Home Depot stock

Published on 10/06/2026 at 17:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The 18th flatbed center adds 1.1 million square feet for contractors. For Home Depot stock, sales reached USD 47.9 billion, up 5.7 percent.

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Home Depot expands its Pro delivery network with an 18th flatbed delivery center, giving Home Depot stock a concrete operations story as the company builds capacity for contractors. Hardware Retailing reported the Westminster, Massachusetts, facility on October 5, 2026.

What the delivery expansion means

The center covers 1.1 million square feet and sends oversized and bulk products directly to jobsites. That model targets professional customers by reducing the need for contractors and builders to move heavy materials themselves, while adding delivery services, trade credit and digital project tools to the Pro proposition.

The operational scale matters because the Pro business is tied to larger orders and recurring project demand. The new center therefore adds logistics capacity rather than simply another retail location, a distinction that may matter as Home Depot integrates its distribution acquisitions.

Q2 sales grew, margins narrowed

In the fiscal second quarter of 2026, Home Depot reported USD 47.861 billion in net sales, up 5.7 percent from USD 45.277 billion a year earlier. Financial Report Insights also reported net income of USD 4.766 billion, up 4.7 percent, and diluted earnings per share of USD 4.79, up 4.6 percent.

The comparison is less favorable on profitability. Operating margin was 14.3 percent in the fiscal second quarter of 2026, down from 14.5 percent in the prior-year quarter, even as gross profit rose 6.5 percent. For investors, the combination points to sales growth that still needs margin support.

Stifel keeps a cautious target

Investing.com reported on September 28, 2026, that Stifel maintained its Hold rating and USD 346.00 price target for Home Depot. The target reflects a valuation model based on enterprise value relative to estimated fiscal 2027 earnings.

The next scheduled earnings release is November 17, 2026, according to The Home Depot. That report will show whether delivery expansion is translating into demand and whether the margin pressure seen in the fiscal second quarter persists.

NYSE quote and valuation

On the NYSE, Home Depot stock was trading at USD 285.58 on October 6, 2026 at 11:11 a.m. EDT. Its 52-week range was USD 277.15-397.63, and its market capitalization was USD 284.8 billion.