TLDR
- Best Buy posted adjusted EPS of $1.47 for Q2, beating the $1.39 consensus estimate
- Revenue came in at nearly $9.8 billion, up from $9.4 billion a year ago
- Comparable sales rose 4.1%, doubling last year’s growth rate
- Full-year EPS guidance raised to $6.70-$6.90, above the $6.62 analyst consensus
- BBY stock fell around 2-3% in premarket despite the beat, after a roughly 31% run in 2026
Best Buy (BBY) stock was trading down roughly 3% in premarket on Thursday after the electronics retailer reported a solid fiscal second quarter and raised its full-year outlook. The stock had already climbed close to 31% in 2026 heading into the report.
Best Buy posted adjusted earnings of $1.47 per share for the quarter, topping the Wall Street consensus of $1.39. Revenue rose to nearly $9.8 billion from $9.4 billion in the same period last year.
Comparable sales grew 4.1%, which was double the growth rate from the prior year. That was a stronger result than many analysts had pencilled in.
BEST BUY $BBY Q2’27 EARNINGS HIGHLIGHTS
🔹 Revenue: $9.8B (Est. $9.59B) 🟢; +4% YoY
🔹 Adj. EPS: $1.47 (Est. $1.38) 🟢; +15% YoY
🔹 Comparable Sales: 4.1%; +160 bps YoY
🔹 Oper Margin: 4.3%; +160 bps YoYRaises FY27 Guide:
🔹 Revenue: $42.3B-$42.8B (Est. $42B) 🟢
🔹 Adj. EPS:…— Wall St Engine (@wallstengine) August 27, 2026
Outgoing CEO Corie Barry, who is set to leave in the fall, said growth came across nearly all product categories. She pointed to Best Buy Ads and the company’s Marketplace advertising unit as standout performers.
Guidance Gets a Lift
Management raised its full-year adjusted EPS guidance to a range of $6.70 to $6.90. That compares to the prior range of $6.30 to $6.60 and comes in above the $6.62 analyst consensus tracked by FactSet.
Full-year revenue guidance was also lifted to $42.3 billion to $42.8 billion, up from the previous range of $41.2 billion to $42.1 billion.
Comparable sales for the full year are now expected to rise between 1.9% and 3%. The prior forecast had called for a range of a 1% decline to a 1% increase.
The company credited an AI-driven hardware upgrade cycle as a key tailwind. Shoppers have been replacing older computers and smartphones with newer AI-equipped devices, boosting demand.
A High Bar to Clear
Despite the beat, the premarket drop reflects how much was already priced in. BBY stock had gained around 31% in 2026 before the report, well ahead of the S&P 500’s 12% gain over the same period.
The housing market has continued to weigh on appliance sales, one of the softer spots in the quarter. But stronger demand in gaming consoles and cell phones helped pick up the slack.
Foot traffic data from Placer.ai showed positive trends heading into the quarter. Best Buy also holds a position as the only national retailer selling new RGB TVs, which use individual red, green, and blue LEDs rather than traditional filters.
Analyst sentiment remains cautious. Only four of the 28 analysts tracked by FactSet hold a buy rating on the stock. The average price target sits below where BBY was trading before the report.
Wall Street has broadly warmed to the incoming CEO and CFO, but the low buy-rating count tells its own story.
Best Buy’s Q2 adjusted EPS of $1.47 came in above the $1.39 estimate, with revenue of nearly $9.8 billion and full-year guidance raised to $6.70 to $6.90 per share.
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