Home Depot Q1 2026 Earnings: Revenue Misses at $39.9B, EPS Beats at $3.46 — What It Signals for Housing

# Home Depot Q1 2026 Earnings: Revenue Misses at $39.9B, EPS Beats at $3.46 — What It Signals for Housing

> **Quick answer:** Home Depot reported Q1 2026 revenue of $39.9 billion — up 9.4% year-over-year but roughly $1.6 billion below analyst expectations of $41.5 billion. EPS of $3.46 narrowly beat the $3.41 consensus estimate but fell from $3.64 a year ago. Management said no housing market inflection has arrived, and with mortgage rates climbing back to 6.41% following the Moody's US credit downgrade, the housing recovery thesis remains on ice.

Home Depot Q1 2026 earnings results landed Tuesday morning with a split verdict: the top line missed by a wide margin, the bottom line squeaked past expectations, and the stock — already down roughly 21% over the past year — is testing levels not seen since 2023. For investors and homeowners alike, the numbers are a real-time X-ray of what a frozen housing market looks like at scale.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

## The Q1 2026 Numbers: What Home Depot Actually Reported

Home Depot posted net sales of **$39.9 billion** for the first quarter of fiscal 2026, a 9.4% increase compared to Q1 2025's $36.4 billion. That growth rate sounds impressive until you compare it to what Wall Street expected: consensus estimates from analysts at MarketBeat and Yahoo Finance sat between $41.5 billion and $41.6 billion. The miss was approximately $1.6 billion, or roughly 4%.