Walmart stock gains on strong Q2 2026 figures and upbeat guidance

Walmart stock is trading above 108 USD as investors digest solid Q2 2026 revenue growth, better than expected earnings per share and higher full year guidance, while the consensus still points to upside from the current level.

Walmart stock (ISIN US9311421039) is trading around 108.42 USD as of September 4, 2026, after investors reacted positively to robust Q2 2026 results and a higher earnings outlook for the current fiscal year according to MarketBeat data.

Q2 2026 results beat expectations

According to an analysis of Walmart's latest quarterly figures reported by MarketBeat, the company posted revenue of 187.94 billion USD in Q2 2026, up 5.9 percent compared with the same quarter a year earlier.

The same overview notes that adjusted earnings per share came in at 0.81 USD in Q2 2026, exceeding the analyst consensus of 0.74 USD by 0.07 USD and improving from 0.68 USD in the prior year quarter, underlining both margin resilience and operating leverage.

Guidance and consensus support upside potential

Based on the latest guidance cited by MarketBeat, Walmart now expects Q3 2026 adjusted earnings per share in a range of 0.62 to 0.64 USD and full year 2026 adjusted EPS between 2.80 and 2.87 USD, which frames the current valuation against a growing earnings base.

The same data set indicates that sell side analysts on average anticipate adjusted earnings per share of 2.87 USD for the current fiscal year, aligning with the upper end of management's guidance and reinforcing the message that profit growth should remain intact into the second half of 2026.

According to aggregated analyst information published by MarketBeat, Walmart currently carries a consensus rating of Moderate Buy with a consensus price target of 131.88 USD, implying notable upside from the recent price region around 108.42 USD.

E commerce and delivery drive operational growth

An article on the technology and markets portal IT Boltwise highlights that in Q2 2026 Walmart generated revenue of 187.9 billion USD, very close to the figure cited in financial data sources, and that adjusted earnings per share of 0.81 USD came in above the consensus estimate.

The same analysis points to particularly strong momentum in digital channels, with e commerce revenue rising by 23 percent in Q2 2026 compared with the prior year quarter and advertising revenue increasing by 38 percent, underscoring Walmart's progress in higher margin, technology driven segments.

Operationally, the report notes that in the United States, delivery related sales grew by around 43 percent in Q2 2026, with a large portion of orders being fulfilled directly from stores, which strengthens Walmart's position against online only competitors by leveraging its physical footprint.

Walmart stock valuation and trading context

Several recent filings based commentaries compiled by MarketBeat state that Walmart shares opened at 108.42 USD on September 4, 2026 on the Nasdaq, placing the stock below its 50 day moving average of 110.98 USD and clearly under its 200 day moving average of 119.70 USD.

This gap between the current price and the longer term moving averages suggests that the market has priced in recent volatility and macro uncertainty, even though the fundamental momentum remains positive, as reflected in the year on year revenue growth of 5.9 percent in Q2 2026 and the upward revision of full year EPS guidance.

From an investor perspective, the combination of a Moderate Buy consensus rating, a consensus price target of 131.88 USD and a spot price near 108.42 USD as of September 4, 2026 translates into a potential appreciation window that is supported by improving operational metrics rather than purely sentiment driven trading.

Grocery and general merchandise remain core to Walmart

Beyond the numbers, Walmart continues to derive a large share of its revenue from its broad grocery and general merchandise offering, which anchors foot traffic and supports cross selling into newer categories such as advertising and marketplace services.

In Q2 2026, the strong performance in e commerce and delivery highlighted by technology focused coverage complements this core retail business, indicating that customers are increasingly using Walmart for both in store purchases and online orders with same day or next day fulfillment.

For long term oriented investors, the interplay between stable grocery demand, expanding digital services and disciplined cost management is central to assessing Walmart's ability to sustain mid single digit revenue growth while gradually lifting margins.

Walmart stock price as of early September 2026

As of September 4, 2026, Walmart stock is trading around 108.42 USD on the Nasdaq, a level that remains below the consensus price target of 131.88 USD cited in recent analyst data, but that reflects the latest improved earnings outlook and continued investment in e commerce and delivery capabilities.

Walmart stock key data

• Company: Walmart Inc.
• ISIN: US9311421039
• Ticker: WMT
• Trading venue: NASDAQ
• Price (as of September 4, 2026): 108.42 USD
• Sector / Industry: Consumer Staples / Food and Staples Retailing
• Index membership: S and P 500