Home Depot stock gains 2.74 percent as Q2 growth holds

Published on 09/23/2026 at 14:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Home Depot stock closed at USD 305.34 on September 23, 2026, up 2.74 percent. Fiscal Q2 revenue rose 5.7 percent to USD 47.86 billion.

Photorealistic view down a long hardware warehouse aisle with towering metal shelving racks stocked with power tools, lumber, paint cans and plumbing supplies under bright fluorescent lighting on a polished concrete floor — Home Depot US4370761029 zeigt einen großen Baumarkt-Gang mit vollbepackten Hochregalen voller Werkzeuge, Illustration mit AI erstellt.

Home Depot stock (ISIN US4370761029) closed at USD 305.34 on the NYSE on September 23, 2026, up USD 8.14, or 2.74 percent. The move came as the retailer's latest operating figures showed continued sales growth, while the stock remained below its 52-week high.

Revenue reaches USD 47.86 billion

Home Depot reported fiscal second-quarter 2026 revenue of USD 47.86 billion for the quarter ended July 31, 2026, according to Finanzen on September 23, 2026. That represented a 5.71 percent increase from USD 45.28 billion in the year-earlier quarter, giving investors a concrete comparison despite continued pressure on large discretionary projects.

Adjusted earnings per share reached USD 4.79 in fiscal Q2 2026, compared with USD 4.58 a year earlier, the same report said. Another current-week financial report cited USD 4.92 per share against consensus of USD 4.73, a USD 0.19 beat, and fiscal 2026 earnings guidance of USD 14.690 to USD 15.278 per share, according to MarketBeat on September 22, 2026.

Professional customers remain central

Fiscal Q2 2026 Pro sales grew about 4 percent and represented roughly 55 percent of total sales, according to Yahoo Finance on September 22, 2026. The comparison matters because professional customers typically support larger baskets and give the company a route to offset softer do-it-yourself demand.

Cost relief also carried a specific qualification. Home Depot received approximately USD 730 million in tariff refunds during fiscal Q2 2026, with USD 685 million reducing the cost of goods sold and USD 45 million tied to inventory, according to TheStreet on September 23, 2026. The report said the company is using the refunds to offset fuel, energy and other product-input costs, so the benefit does not automatically translate into lower customer prices.

Analyst targets remain above USD 305.34

Analyst views remain divided around the stock's earnings path. Royal Bank of Canada cut its target from USD 343 to USD 342 and kept a sector perform rating on August 19, 2026, while Mizuho raised its objective from USD 385 to USD 390 and assigned an outperform rating on the same date, according to MarketBeat.

Sanford C. Bernstein lowered its target from USD 354 to USD 344 on September 9, 2026, while the reported consensus target stood at USD 375.18. The counter-factor is housing and discretionary demand: current coverage points to a frozen US housing market, higher interest rates, tariff costs and cautious spending as risks to the long-term earnings outlook.

Stock remains below its yearly high

MarketBeat data put the September 23, 2026 NYSE range at USD 300.18 to USD 306.31, with volume of 5.45 million shares and market capitalization of USD 304.64 billion. The 52-week range was USD 289.10 to USD 413.73, leaving the closing price USD 108.39 below the high and USD 16.24 above the low.