Home Depot Inc. reported its financial results for the first quarter of 2026, surpassing analyst expectations with an adjusted EPS of $3.43, slightly above the forecast of $3.41. Revenue hit $41.8 billion, exceeding expectations of $41.51 billion.
Despite the positive results, Home Depot's stock fell 2.49% in premarket trading to $292.35, reflecting investor concerns about future growth and margin pressures. The company's overall sales grew 4.8% year-over-year, driven by a 0.6% increase in comparable store sales.
CEO Ted Decker emphasized the company's ability to gain market share through customer service and strategic investments. CFO Richard McPhail highlighted the impact of the GMS acquisition on margins but expressed confidence in achieving long-term financial targets.
