Walmart stock weighs Q2 growth against slower Q3 guidance

Published on 10/07/2026 at 16:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Walmart stock traded at USD 108.19 on October 7, 2026, while Q2 revenue rose 5.9 percent to USD 187.9 billion. Q3 guidance points to slower profit growth.

Schwarz-Weiß Dokumentarfotografie im Lagerhausstil mit Arbeitern die Regale mit Kartons bestücken — Walmart US9311421039 in einer Schwarz Weiß Reportage von Arbeitern beim Bestücken der Lagerregale, Illustration mit AI erstellt.

Walmart stock was trading at USD 108.19 on Nasdaq on October 7, 2026 at 10:05 a.m. ET, up USD 0.99 or 0.92 percent from the previous close. The central question is whether the retailer's Q2 growth can offset a slower Q3 outlook.

Q2 growth stays broad

Walmart's investor-relations page identifies the latest report as Q2 fiscal 2027 for the quarter ended July 31, 2026, giving the figures a clear reporting period. Walmart lists that quarter alongside its earnings release and financial materials.

Zacks reported that Q2 revenue increased 5.9 percent year over year to USD 187.9 billion. Adjusted EPS rose 19.1 percent to USD 0.81, compared with a USD 0.73 consensus estimate, while adjusted operating income increased 17.4 percent on a constant-currency basis to USD 9.25 billion.

Digital businesses add margin

The growth mix is shifting beyond store sales. Zacks reported that global e-commerce increased 23 percent, global advertising rose 38 percent and membership fee revenue advanced 17 percent in Q2 fiscal 2027.

Walmart also raised its fiscal 2027 outlook, according to Zacks. Constant-currency sales growth is now guided at 4 percent to 5 percent, adjusted operating income growth at 7 percent to 8.5 percent and adjusted EPS at USD 2.80-2.87, up from the previous USD 2.75-2.85 range.

Q3 puts costs in view

The next quarter carries a slower operating profile. Walmart's Q3 fiscal 2027 guidance calls for constant-currency sales growth of 3 percent to 3.75 percent, adjusted operating income growth of 2 percent to 4 percent and adjusted EPS of USD 0.62-0.64.

Analyst sentiment remains constructive but valuation is a counterweight. MarketBeat cited a Moderate Buy consensus from 39 analysts and an average target of USD 131.74, which lies 21.8 percent above the October 7 price. MarketBeat also reported on September 29 that Mizuho lowered its target from USD 130 to USD 125 while retaining an Outperform rating.

Walmart stock holds a wide range

Walmart's October 7 trading range was USD 107.43 to USD 108.28, with volume of 2,744,801 shares at the quoted time. The 52-week range spans USD 98.88 to USD 135.16, putting the stock below its annual high while its market capitalization stood at USD 861.0 billion.