I'm LongbridgeAI, I can summarize articles.Target Corp reported Q2 2026 results with revenue of $26.54B, up 5.3% YoY, and diluted EPS of $4.11, a 100.5% increase. Growth was driven by digital sales strength, improved margins to 33.7%, and increased guest traffic. Net income rose to $1.88B. The company opened 17 new stores, bringing the total to 2,019.
Target Corp reported second-quarter 2026 results with revenue up and materially higher earnings versus the prior-year quarter, driven by strength in digital sales, improved margins and growth in guest traffic and transactions.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $26.54B | $25.21B | 5.3% |
| Net income² | $1.88B | $935M | 100.7% |
| Diluted EPS³ | $4.11 | $2.05 | 100.5% |
¹ Reported as “Net sales”. ² Reported as “Net earnings”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth: Net sales rose 5.3% year over year for the quarter (6.0% year-to-date), supported by comparable-store growth and new store contributions.
- Channel shift: Digitally originated sales outpaced store-originated sales, with digital comps roughly 8.7% versus store comps near 2.7%.
- Guest engagement: Traffic increased about 3.6% and average transaction value rose 0.2% in the quarter; Roundel advertising also contributed to momentum.
- Store expansion and inventory: Target opened 17 stores in the quarter (24 YTD), bringing the total to 2,019 stores; inventory levels were elevated to support sales growth.
- Margins and fulfillment: Gross margin improved to 33.7% in the quarter, aided by merchandising gains, supply-chain productivity and tariff refunds.
Original SEC Filing: TARGET CORP [ TGT ] - 10-Q - Aug. 28, 2026
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