Best Buy (BBY) earnings Q2 2026

Best purchase On Thursday, he exceeded Wall Street revenue and earning expectations for his latest quarter, but he stuck with a full -year estimation, referring to tariff uncertainty.

Consumer electronics retailer, for the year 2026 for the full financial year of $ 41.1 billion to $ 41.9 billion in the revenue of $ 41.9 billion, and the share of $ 6.15 to 6.30 per share was corrected. In May, Best Buy reduced full -year profit guidance from the previous $ 6.20 from $ 6.60.

CFO Matt Bilunas in a news bulletin, the retailer “for the back half of the year is increasingly sure of our plans,” he said. He said that the company “is prone to the top end of our sales range”.

Nevertheless, considering the uncertainty of the potential tariff effects on both consumers and our business, we think that it is cautious to protect our annual guidance in the last quarter. “

Here is the retailer trimester According to LSEG’s Analysts Survey, it ended on 2 August compared to what Wall Street was waiting:

• Earning per share: $ 1.28 set and expected $ 1.21
• Revenues: 9.44 billion dollars and 9.24 billion dollars expected

For Best Buy, a challenging factor completed the appearance of Trifecta retailer. Customers purchased less kitchen tools because they postponed their home purchases and projects due to higher interest rates. Some of them hesitated to be extraordinary to more expensive items due to uncertainty about tariff or to change technology changes while waiting for new or eye -catching items. The company’s annual sales have declined for the last three years.

To encourage growth, Best Buy launched a third -party market at the beginning of this month to provide shoppers with a wider consumer electronics, accessory and more. In the market, sellers applying for the platform can list their brands and items in Best Buy’s website and application.

CEO Corie Barry, in a call with journalists in mid -May, the company has already increased prices in some products due to higher costs related to tariff. He did not specify which items were more expensive and described price increases as “last resort”.

Best Buy’s net income for the second financial second quarter of 2026 fell 87 cents per share or 87 cents per share in the previous quarter of $ 291 million or $ 1.34 per share. Adjustment for one -time products, including reconstruction fees, Best Buy, reported $ 1.28 per share.

Revenue increased from $ 9.29 billion in the previous quarter.

Comparative sales increased by 1.6% annually.

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