---
title: "Home Depot reports Q1 earnings beat, full-year guidance reaffirmed"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286910745.md"
description: "Home Depot reported Q1 earnings with a 4.8% sales increase, surpassing estimates. Revenue reached $41.77 billion, and adjusted EPS was $3.43. Comparable store sales were 0.6%, below the 0.9% forecast. The company reaffirmed its full-year sales growth guidance of 2.5% to 4.5%. Recent growth is attributed to the acquisition of Mingledorff’s, expanding its market to $1.2 trillion. Home Depot is also leveraging machine learning for efficiency in commercial building tasks."
datetime: "2026-05-19T12:16:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286910745.md)
  - [en](https://longbridge.com/en/news/286910745.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286910745.md)
---

# Home Depot reports Q1 earnings beat, full-year guidance reaffirmed

Home Depot reported Q1 earnings results with sales up 4.8% from a year earlier, beating Wall Street estimates.

**Key numbers:**

-   Revenue: $41.77 billion (estimate: $41.50 billion)
-   Adjusted EPS: $3.43 (estimate: $3.42)
-   Comparable Store Sales: 0.6% (estimate: 0.9%)

Comparable sales came in below forecasts while the company reaffirmed its full-year guidance, expecting annual sales to grow between 2.5% and 4.5%.

“Our first quarter results were in line with our expectations,” said Ted Decker, chair, president and CEO. “The underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure.”

While the company has served neighborhood handymen for decades, its recent growth is also partially charged by the finalized acquisition of Mingledorff’s, a premier wholesale HVAC distributor operating 42 commercial locations across the southeastern United States. Home Depot said the transaction gave it access to high-volume commercial mechanics and residential trade contractors, expanding its total addressable market to $1.2 trillion.

The company is also using machine learning to automate parts of commercial building work that have traditionally been manual. One example is its Material List Builder AI, which lets contractors upload architectural blueprints or dictate voice notes from a jobsite to generate materials lists.

Investors are continuing to track whether strategic pricing changes and distribution scale can help the business maintain its full-year gross margin target of 33.1%.

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