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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Michael Lasser | UBS | 16 questions · 56% challenging |
| Simeon Gutman | Morgan Stanley | 14 questions · 7% challenging |
| Zach Fadem | Wells Fargo | 13 questions · 0% challenging |
| Steven Zaccone | Citigroup | 12 questions · 8% challenging |
| Seth Sigman | Barclays | 12 questions · 33% challenging |
| Chris Horvers | JPMorgan | 11 questions · 18% challenging |
| Zhihan Ma | Bernstein | 10 questions · 10% challenging |
| Chuck Grom | Gordon Haskett | 10 questions · 0% challenging |
| Scot Ciccarelli | Truist Securities | 9 questions · 0% challenging |
| Steve Forbes | Guggenheim | 6 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| UBS | 1 analyst | 16 questions · 56% challenging |
| Morgan Stanley | 1 analyst | 14 questions · 7% challenging |
| Wells Fargo | 1 analyst | 13 questions · 0% challenging |
| Barclays | 1 analyst | 12 questions · 33% challenging |
| Citigroup | 1 analyst | 12 questions · 8% challenging |
| Gordon Haskett | 2 analysts | 12 questions · 8% challenging |
| JPMorgan | 1 analyst | 11 questions · 18% challenging |
| Bernstein | 1 analyst | 10 questions · 10% challenging |
No 8-K events recorded for this window.
Home Depot delivered in-line Q1 results with total sales up 4.8% to $41.8 billion, though organic comp sales grew just 0.6% as the GMS acquisition drove the bulk of headline growth. GMS acquisition mix diluted gross margin by approximately 75 basis points, pulling adjusted EPS down 3.7% to $3.43, while the core business maintained stable margins. Pro customers continued to outperform DIY with complex purchase occasions posting the highest comp growth, and digital platforms delivered a fourth consecutive quarter of over 10% online sales growth. Management reaffirmed fiscal 2026 guidance of flat to 2% comps amid persistent housing affordability headwinds and elevated mortgage rates.
Demand | Macroeconomic | Competitive Dynamics | M&A | Margin | Revenue Growth | Pricing | Trade Tariffs | |
|---|---|---|---|---|---|---|---|---|
| 2024Q3 | 7 | 6 | 3 | 3 | 2 | 1 | 1 | |
| 2024Q4 | 3 | 3 | 4 | 2 | 5 | 1 | 1 | 1 |
| 2025Q1 | 7 | 4 | 5 | 3 | 2 | 2 | 3 | 3 |
| 2025Q2 | 4 | 2 | 4 | 3 | 1 | 3 | 2 | 2 |
| 2025Q3 | 7 | 4 | 3 | 6 | 4 | 2 | 2 | 1 |
| 2025Q4 | 5 | 3 | 2 | 2 | 1 | 2 | 2 | 1 |
| 2026Q1 | 8 | 5 | 3 | 3 | 1 | 5 | 1 | 1 |
| '24Q3 | '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|---|
| Demand | 7 | 3 | 7 | 4 | 7 | 5 | 8 |
| Macroeconomic | 6 | 3 | 4 | 2 | 4 | 3 | 5 |
| Competitive Dynamics | 3 | 4 | 5 | 4 | 3 | 2 | 3 |
| M&A | 3 | 2 | 3 | 3 | 6 | 2 | 3 |
| Margin | 2 | 5 | 2 | 1 | 4 | 1 | 1 |
| Revenue Growth | 1 | 2 | 3 | 2 | 2 | 5 | |
| Pricing | 1 | 1 | 3 | 2 | 2 | 2 | 1 |
| Trade Tariffs | 1 | 1 | 3 | 2 | 1 | 1 | 1 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $39.70B | +14.1% | $3.02 | +7.1% | 32.8% | 11.3% | 7.5% | $3.57B |
| FY2025 Q1 | $39.86B | +9.4% | $3.45 | -5.0% | 33.8% | 12.9% | 8.6% | $3.52B |
| FY2025 Q2 | $45.28B | +4.9% | $4.58 | -0.4% | 33.4% | 14.5% | 10.1% | $3.73B |
| FY2025 Q3 | $41.35B | +2.8% | $3.62 | -1.4% | 33.4% | 12.9% | 8.7% | $3.11B |
| FY2025 Q4 | $38.20B | -3.8% | $2.58 | -14.6% | 32.6% | 10.1% | 6.7% | $2.29B |
| FY2026 Q1Selected | $41.77B | +4.8% | $3.30 | -4.3% | 33.0% | 11.9% | 7.9% | $5.19B |
| FY2026 Q2 | $47.86B | +5.7% | $4.79 | +4.6% | 33.7% | 14.3% | 10.0% | $4.51B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Calendar quarter Q2 2026Earnings call May 19, 2026
FY2026 Q1 in brief
Home Depot delivered in-line Q1 results with total sales up 4.8% to $41.8 billion, though organic comp sales grew just 0.6% as the GMS acquisition drove the bulk of headline growth.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
GAAP revenue YoY +4.79% → base 6. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for The Home Depot, Inc. (HD), FY2026 Q1: 4/10. Scores: The Home Depot, Inc.’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: HD daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
What HD and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“our lineup of battery-powered tools across RYOBI, Milwaukee, DEWALT and Makita is unmatched”
Home Depot reports record first-quarter power category sales and says cordless outdoor power demand has never been stronger, a positive signal for tool supplier Stanley Black & Decker (DEWALT).
“Our expanded assortment of products and partnerships with Bayer and PPG, as well as enhanced digital capabilities through One Paint”
Home Depot credits its supplier partnership with Bayer (lawn/garden products) for helping it gain share with the Pro who paints and DIY garden customers.
“Our expanded assortment of products and partnerships with Bayer and PPG, as well as enhanced digital capabilities through One Paint”
Home Depot credits its paint supplier partnership with PPG for helping it gain share with the Pro who paints.
“they made the acquisition of GMS, which has leading position in interior building materials.”
SRS (Home Depot subsidiary) acquired GMS for its leading position in interior building materials, expanding Home Depot's Pro distribution reach.
“They're a carrier-focused distributor.”
Mingledorff's, which Home Depot just acquired, is a Carrier-focused HVAC distributor, positioning Home Depot as a distribution channel for Carrier equipment.
“we completed the acquisition of Mingledorff's, a leading wholesale distributor of heating, ventilation and air conditioning equipment”
Home Depot acquired Mingledorff's to enter national HVAC parts and supplies distribution through SRS, expanding its addressable market.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
HD The Home Depot, Inc. | 4 | +4.8% | |
| LOW Lowe's | 5 | +10.3% |