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LOWE'S REPORTS SECOND QUARTER 2026 SALES AND EARNINGS RESULTS LOWE'S REPORTS SECOND QUARTER 2026 SALES AND EARNINGS RESULTS - Diluted EPS of $ 4.27 ; Adjusted Diluted EPS1 of $ 4.40 - Comparable Sales Increased 0.2 % - - Updates Full Year 2026 Outlook - MOORESVILLE , N.C. , Aug. 19 , 2026 / PRNewswire / -- Lowe's Companies , Inc. ( NYSE : LOW ) today reported net earnings of $ 2.4 billion and diluted earnings per share ( EPS ) of $ 4.27 for the quarter ended July 31 , 2026 , compared to diluted EPS of $ 4.27 in the second quarter of 2025. During the second quarter ended July 31 , 2026 , the company recognized $ 96 million in pre - tax expenses associated with the acquisitions of Foundation Building Materials ( FBM ) and Artisan Design Group ( ADG ) . Excluding these expenses , second quarter 2026 adjusted diluted EPS1 increased 1.6 % to $ 4.40 compared to the prior - year adjusted diluted EPS . Both diluted EPS and adjusted diluted EPS include an $ 0.11 benefit from IEEPA tariff refunds . LOWE'S Ⓡ Total sales for the quarter were $ 26.0 billion , compared to $ 24.0 billion in the prior - year quarter . Comparable sales for the quarter increased 0.2 % , driven by strong performance in Pro and home services sales , as well as a 15.7 % increase in online sales , partially offset by persistent DIY macro pressures . " Sustained growth in Pro , Online and Home Services led to our fifth consecutive quarter of positive comp sales , despite pressure in discretionary DIY spending , " said Marvin R. Ellison , Lowe's chairman , president and CEO . " While the near - term remains dynamic , our teams are executing at a high level , advancing our Total Home strategy and investing to drive growth and profitability . I would like to thank all of our frontline associates for their hard work and dedication to our customers . " As of July 31 , 2026 , Lowe's operated 1,761 stores , representing 196.0 million square feet of retail selling space . Capital Allocation The company remains committed to generating sustainable shareholder value through a disciplined focus on its capital allocation program . During the quarter , the company paid $ 673 million in dividends . 1 Adjusted diluted earnings per share is a non - GAAP financial measure . Refer to the " Non - GAAP Financial Measures Reconciliation " section of this release for additional information , as well as reconciliations between the company's GAAP and non - GAAP financial results . Lowe's Business Outlook The company is updating its outlook for fiscal year 2026 to reflect operational results for the first half of the year as well as current demand trends . Fiscal year 2026 outlook also includes tariff refunds recognized during the second quarter and excludes any potential additional tariff refunds in the second half of the year . Fiscal Year 2026 Outlook • Total sales of $ 92.0 billion ( previously $ 92.0 to 94.0 billion ) • Comparable sales expected to be flat as compared to prior year ( previously flat to up 2 % ) • Operating income as a percentage of sales ( operating margin ) of 11.2 % ( previously 11.2 % to 11.4 % ) . Adjusted operating income as a percentage of sales ( adjusted operating margin ) of 11.6 % ( previously 11.6 % to 11.8 % ) • Net interest expense of approximately $ 1.6 billion • Effective income tax rate of approximately 24.5 % • Diluted earnings per share of approximately $ 11.75 ( previously $ 11.75 to $ 12.25 ) • Adjusted diluted earnings per share of approximately $ 12.25 ( previously $ 12.25 to $ 12.75 ) • Capital expenditures of up to $ 2.5 billion A conference call to discuss second quarter 2026 operating results is scheduled for today , Wednesday , August 19 , at 9 a.m. ET . The conference call will be available by webcast and can be accessed by visiting Lowe's website at ir.lowes.com and clicking on Lowe's Second Quarter 2026 Earnings Conference Call Webcast . Supplemental slides will be available prior to the start of the conference call . A replay of the call will be archived at ir.lowes.com . Lowe's Companies , Inc. Lowe's Companies , Inc. ( NYSE : LOW ) is a FORTUNE® 100 home improvement company with total fiscal year 2025 sales of more than $ 86 billion . Lowe's employs approximately 300,000 associates and operates over 1,750 home improvement stores , 540 branches and 120 distribution centers . Lowe's is a core value S & P 500 equity stock and a dividend aristocrat . Based in Mooresville , N.C. , Lowe's supports the communities it serves through programs focused on creating safe , affordable housing , improving community spaces , helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need . For more information , visit Lowes.com .