Walmart stock faces a softer Q3 outlook after strong Q2 growth

Published on 09/30/2026 at 12:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBI kept a buy view while cutting its target from USD 138 to USD 125 on September 29, 2026. Walmart stock posted USD 187.94 billion in Q2 FY27 revenue, up 5.9 percent year over year.

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Walmart stock faces a softer Q3 outlook after strong Q2 growth. The company reported USD 187.94 billion in Q2 FY27 revenue, up 5.9 percent from USD 177.75 billion a year earlier, while its adjusted EPS reached USD 0.81 versus USD 0.74 consensus.

Q2 growth beats expectations

According to aktiencheck.de on September 29, 2026, Walmart's reported operating income rose 28.8 percent to USD 9.38 billion, exceeding the USD 8.65 billion consensus by 8.5 percent. Adjusted operating income increased 17.4 percent on a constant-currency basis, showing that profit growth outpaced sales growth.

The same analysis said global e-commerce sales increased 23 percent and reached 24 percent of net sales. Walmart U.S. digital sales rose 24 percent, store-fulfilled delivery increased 43 percent and marketplace sales grew 52 percent, giving the retailer several quantified growth engines beyond its traditional store base.

FY27 guidance moves higher

Walmart raised its FY27 constant-currency net sales growth outlook to 4.0 percent-5.0 percent from 3.5 percent-4.5 percent. Its adjusted operating income growth forecast moved to 7.0 percent-8.5 percent from 6.0 percent-8.0 percent, while adjusted EPS guidance stands at USD 2.80-2.87.

For Q3 FY27, the company expects constant-currency net sales growth of 3.0 percent-3.75 percent and adjusted operating income growth of 2.0 percent-4.0 percent. Adjusted EPS guidance for the quarter is USD 0.62-0.64. The narrower near-term outlook reflects price investments, higher fuel costs and pressure in parts of the consumer environment, according to aktiencheck.de.

Digital businesses add leverage

Membership and other revenue rose 11.2 percent to USD 1.84 billion in the quarter, while global advertising revenue increased 38 percent. Walmart Connect revenue excluding VIZIO grew 43 percent in the United States, highlighting why advertising, marketplaces and memberships are becoming important contributors to operating profit.

Walmart's investor-relations page identifies Q2 FY27 as the quarter ended July 31, 2026, and lists the company as Nasdaq: WMT. The combination of 5.9 percent revenue growth, a 28.8 percent increase in reported operating income and higher full-year guidance gives the stock a stronger earnings base, even as the Q3 range points to slower near-term profit expansion.

Walmart stock trades lower

Walmart was trading at EUR 93.92 at Lang & Schwarz on September 30, 2026 at 12:47 p.m. CEST, down 0.35 percent versus the prior close of EUR 94.25 on September 29, 2026. The primary Nasdaq listing was last quoted at USD 106.80 on September 29, 2026, while market capitalization stood at USD 849.9 billion as of September 29, 2026.