Home Depot (NYSE: HD) delivered a second-quarter earnings beat, with all key performance metrics surpassing Wall Street estimates, fueled by a consumer preference for smaller home improvement tasks. This performance comes as part of the broader look at corporate earnings for the 2026 fiscal second quarter.

According to consensus estimates compiled by Bloomberg, the company's quarterly revenue grew nearly 6% year-over-year to $47.9 billion, edging out the $47.3 billion analysts had projected. Adjusted earnings per share also ticked up 0.2% to $4.79, exceeding the $4.73 consensus forecast. "Consumers continue to undertake a variety of smaller-scale projects, which is driving a broad-based recovery in demand across our business lines," said Chief Financial Officer Richard McPhail in the company's earnings release. The leadership team is currently managing operations on an interim basis, with McPhail and Senior Executive Vice President Ann-Marie Campbell sharing duties while CEO Ted Decker is on medical leave.

Following the announcement, Home Depot's shares climbed 2% in pre-market trading. During the quarter, the company saw a slight dip in customer traffic, but this was offset by an increase in the average transaction value. Comparable store sales rose 1.7% for the period, surpassing the roughly 1% growth anticipated by the market. In the domestic market, same-store sales increased by a robust 1.3%, also beating the 0.9% expectation. Key drivers for this growth were outdoor product categories, including live garden plants, mulch, patio furniture, and grills.

Looking ahead, the company has maintained its full-year guidance for fiscal 2026, projecting total sales growth of 2.5% to 4.5% and expecting comparable store sales to range from flat to a 2% increase.