Jul 2026 (Q2 FY27) — Aug 27, 2026
Best Buy Q2 FY27 — Strong Comps and Raised Full-Year Guidance
Read the full callBest Buy (BBY) earnings
- Aug 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
Best Buy earnings: last reported Thu, 27 Aug 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 9,779 | +3.6% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | 4.3 | +1.6 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | 315 | +69.4% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
29 of 41 judged targets kept · 36 open · verdicts reflect calls analysed to Jul 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted operating income rate | approximately 3.9% | Apr 2026 | on revenue of $9.8 billion, we delivered an adjusted operating income rate of 4.3% | Achieved |
| Adjusted diluted EPS | $6.30 to $6.60 | Jan 2026 | adjusted diluted earnings per share of $6.70 to $6.90 | Revised Up |
| Adjusted effective income tax rate | approximately 25.5% | Jan 2026 | an adjusted effective income tax rate of approximately 25.5% | On Track |
12 of BEST BUY CO INC's 77 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 74 more targets are in the full ledger.
Claimed
- Comparable sales grew 4.1% versus last year, exceeding guidance of approximately 1%.
- Adjusted diluted earnings per share increased 15% to $1.47.
- Domestic gross profit rate increased 60 basis points to 24%, driven by Marketplace, Best Buy Ads, and $34 million in tariff refunds.
- Best Buy Business team sales increased 21% versus last year.
- Marketplace GMV reached approximately $300 million in Q2, with full-year expectation raised to $1.3 billion.
Qualified
- Traditional gaming category saw a comparable sales decline due to lapping the Switch 2 launch last year.
- Computing units were down high single digits, partially offset by mid-teens ASP growth due to memory cost increases.
- Higher SG&A, largely driven by incentive compensation, partially offset favorable gross profit rate.
Price
$91.13 −1.62% · −$1.5
Performance +14.3% 1Y
1Y: $79.71 on 17 Oct 2025 → $91.13. High $94.83 (14 Sept 2026), low $55.52 (13 May 2026).
- Previous close
- $92.63
- 52-week range
- $55.52 – $94.83
- One year
- +12.49%
Overview
- Symbol
- BBY
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
29 of 41 judged targets kept · 36 open · verdicts reflect calls analysed to Jul 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted operating income rate | approximately 3.9% | Apr 2026 | on revenue of $9.8 billion, we delivered an adjusted operating income rate of 4.3% | Achieved |
| Adjusted diluted EPS | $6.30 to $6.60 | Jan 2026 | adjusted diluted earnings per share of $6.70 to $6.90 | Revised Up |
| Adjusted effective income tax rate | approximately 25.5% | Jan 2026 | an adjusted effective income tax rate of approximately 25.5% | On Track |
Claimed
- Comparable sales grew 4.1% versus last year, exceeding guidance of approximately 1%.
- Adjusted diluted earnings per share increased 15% to $1.47.
- Domestic gross profit rate increased 60 basis points to 24%, driven by Marketplace, Best Buy Ads, and $34 million in tariff refunds.
- Best Buy Business team sales increased 21% versus last year.
- Marketplace GMV reached approximately $300 million in Q2, with full-year expectation raised to $1.3 billion.
Qualified
- Traditional gaming category saw a comparable sales decline due to lapping the Switch 2 launch last year.
- Computing units were down high single digits, partially offset by mid-teens ASP growth due to memory cost increases.
- Higher SG&A, largely driven by incentive compensation, partially offset favorable gross profit rate.
The full ledger
Open BEST BUY CO INC’s full ledger
A free account opens 5 company ledgers a month. All 77 tracked commitments, with each call’s wording and source.
Call summaries
Apr 2026 (Q1 FY27) — May 28, 2026
Best Buy Q1 FY27 — comps return to growth on gaming, computing and new profit streams
Read the full callJan 2026 (Q4 FY26) — Mar 3, 2026
Best Buy Q4 FY26 — Better-Than-Expected Profitability and New Profit Stream Momentum
Read the full callEvery analysed call
Best Buy earnings calls (BBY)
Financials
What the filings say
Net profit, year on year: +69% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Jan 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 9,445 | 13,948 | 8,767 | 9,438 | 9,672 | 13,814 | 8,936 | 9,779 |
| Operating profit | 350 | 217 | 219 | 251 | 198 | 721 | 370 | 421 |
| Operating margin | 3.7% | 1.6% | 2.5% | 2.7% | 2.0% | 5.2% | 4.1% | 4.3% |
| Interest | 13 | 13 | 12 | 12 | 12 | 11 | 11 | 11 |
| Profit before tax | 356 | 223 | 222 | 253 | 205 | 724 | 378 | 430 |
| Tax rate | 23.9% | 47.5% | 8.6% | 26.9% | 31.2% | 25.7% | 27.0% | 27.0% |
| Net profit | 273 | 117 | 202 | 186 | 140 | 541 | 276 | 315 |
| EPS ($ per share) | 1.27 | — | 0.95 | 0.88 | 0.67 | — | 1.31 | 1.49 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 27 | 26 | 26 | 23 | 22 | 22 | 22 | 22 |
| Reserves | 2,985 | 3,158 | 4,233 | 2,668 | 2,430 | 2,683 | 2,486 | 2,610 |
| Total liabilities | 9,595 | 12,112 | 14,480 | 14,484 | 13,008 | 11,914 | 11,974 | 11,706 |
| Fixed assets | 2,510 | 2,328 | 2,260 | 2,250 | 2,352 | 2,260 | 2,122 | 1,986 |
| Investments | 0 | — | — | — | — | — | — | — |
| Total assets | 12,901 | 15,591 | 19,067 | 17,504 | 15,803 | 14,967 | 14,782 | 14,670 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,408 | 2,565 | 4,927 | 3,252 | 1,824 | 1,470 | 2,098 | 1,962 |
| Cash from investing | 508 | -895 | -788 | -1,372 | -962 | -781 | -704 | -730 |
| Cash from financing | -2,018 | -1,498 | -876 | -4,297 | -1,806 | -1,144 | -1,309 | -1,083 |
| Net cash flow | 884 | 171 | 3,270 | -2,420 | -952 | -460 | 75 | 155 |
| Capital expenditure | -819 | -743 | -713 | -737 | -930 | -795 | -706 | -704 |
| Free cash flow | 1,589 | 1,822 | 4,214 | 2,515 | 894 | 675 | 1,392 | 1,258 |
BBY revenue by segment
| Segment | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Domestic | 92% | 91% | 93% | 92% | 92% | 91% | 92% | 93% | +4.3% |
| International | 8% | 9% | 7% | 8% | 8% | 9% | 8% | 7% | -4.2% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
69 filings between Oct 20, 2025 and Sep 23, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$321.30M
35 sales by 7 insiders
46% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 24
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
- 1
- Tax withheld — shares kept back by the company to cover tax
Also filed: 8 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| SCHULZE RICHARD M | — | $305.52M | Sep 16, 2026 |
| Scarlett Kathleen | — | $11.21M | Sep 23, 2026 |
| Barry Corie S | — | $2.74M | Mar 23, 2026 |
| Bilunas Matthew M | — | $727.0K | Mar 23, 2026 |
| Bonfig Jason J | — | $405.6K | Mar 23, 2026 |
| Watson Mathew | — | $342.8K | May 29, 2026 |
| Hartman Todd G. | — | $341.8K | Mar 23, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 23, 2026 | Scarlett Kathleen SEVP, CHRO | Sale | 27,952 | $2.58M |
| Sep 23, 2026 | Scarlett Kathleen SEVP, CHRO | Sale | 88,110 | $8.11M |
| Sep 23, 2026 | Scarlett Kathleen SEVP, CHRO | Option exercise | 96,166 | $6.78M |
| Sep 20, 2026 | Scarlett Kathleen SEVP, CHRO | Award | 32,311 | $0 |
| Sep 16, 2026 | SCHULZE RICHARD M Insider | Gift | 300,000 | $0 |
| Sep 16, 2026 | SCHULZE RICHARD M Insider | Gift | 300,000 | $0 |
| Sep 16, 2026 | SCHULZE RICHARD M Insider | Sale | 52,660 | $4.89M |
| Sep 16, 2026 | SCHULZE RICHARD M Insider | Sale | 247,340 | $22.86M |
| Aug 20, 2026 | BRAMMAN ANNE L EVP, CFO | Award | 18,955 | $0 |
| Aug 20, 2026 | BRAMMAN ANNE L EVP, CFO | Award | 14,581 | $0 |
| Jul 20, 2026 | Watson Mathew SVP, Controller & CAO | Award | 5,874 | $0 |
| Jul 14, 2026 | SCHULZE RICHARD M Insider | Sale 10b5-1 plan | 42,106 | $3.52M |
| Jul 14, 2026 | SCHULZE RICHARD M Insider | Sale 10b5-1 plan | 107,534 | $8.91M |
| Jul 14, 2026 | SCHULZE RICHARD M Insider | Sale 10b5-1 plan | 88,288 | $7.22M |
| Jul 14, 2026 | SCHULZE RICHARD M Insider | Sale 10b5-1 plan | 62,072 | $5.02M |
| Jul 13, 2026 | SCHULZE RICHARD M Insider | Sale 10b5-1 plan | 336,006 | $27.72M |
| Jul 13, 2026 | SCHULZE RICHARD M Insider | Sale 10b5-1 plan | 252,380 | $20.64M |
| Jul 13, 2026 | SCHULZE RICHARD M Insider | Sale 10b5-1 plan | 11,614 | $969.1K |
| Jul 7, 2026 | Hartman Todd G. Chief Legal and Risk Officer | Gift | 600 | $0 |
| Jun 26, 2026 | SCHULZE RICHARD M Insider | Sale | 224,705 | $17.55M |
| Jun 25, 2026 | SCHULZE RICHARD M Insider | Sale | 193,896 | $15.15M |
| Jun 16, 2026 | SCHULZE RICHARD M Insider | Sale | 5,100 | $397.8K |
| Jun 15, 2026 | SCHULZE RICHARD M Insider | Sale | 76,299 | $5.97M |
| Jun 12, 2026 | Munce Claudia F. Director | Award | 2,611 | $0 |
| Jun 12, 2026 | KENNY DAVID W Director | Award | 4,330 | $0 |
| Jun 12, 2026 | McLoughlin Karen Director | Award | 2,611 | $0 |
| Jun 12, 2026 | Marte Mario Jesus Director | Award | 2,611 | $0 |
| Jun 12, 2026 | Kimbell David C Director | Award | 2,611 | $0 |
| Jun 12, 2026 | FRANK MEGHAN Director | Award | 2,611 | $0 |
| Jun 12, 2026 | Jadeja Ashok Jitendra Dylan Director | Award | 2,611 | $0 |
| Jun 12, 2026 | Caputo Lisa Director | Award | 2,611 | $0 |
| Jun 12, 2026 | Whittington Melinda D Director | Award | 2,611 | $0 |
| Jun 12, 2026 | Sistani Sima Director | Award | 2,611 | $0 |
| Jun 12, 2026 | Parham Richelle P Director | Award | 2,611 | $0 |
| Jun 12, 2026 | Rendle Steven E Director | Award | 2,611 | $0 |
| Jun 1, 2026 | SCHULZE RICHARD M Insider | Gift | 350 | $0 |
| Jun 1, 2026 | SCHULZE RICHARD M Insider | Gift | 350 | $0 |
| May 29, 2026 | SCHULZE RICHARD M Insider | Sale | 133,778 | $10.05M |
| May 29, 2026 | SCHULZE RICHARD M Insider | Sale | 27,132 | $2.11M |
| May 29, 2026 | Watson Mathew SVP, Controller & CAO | Sale | 1,784 | $131.7K |
| May 29, 2026 | SCHULZE RICHARD M Insider | Sale | 147,868 | $11.38M |
| May 29, 2026 | SCHULZE RICHARD M Insider | Sale | 191,572 | $14.55M |
| Apr 15, 2026 | SCHULZE RICHARD M Insider | Gift | 20,975 | $0 |
| Apr 15, 2026 | SCHULZE RICHARD M Insider | Gift | 939 | $0 |
| Apr 15, 2026 | SCHULZE RICHARD M Insider | Gift | 1,252 | $0 |
| Mar 23, 2026 | Watson Mathew SVP, Controller & CAO | Sale | 3,298 | $211.1K |
| Mar 23, 2026 | Scarlett Kathleen SEVP, Corp Affairs & HR | Sale | 8,049 | $515.3K |
| Mar 23, 2026 | Hartman Todd G. GC, Chief Risk Officer | Sale | 5,339 | $341.8K |
| Mar 23, 2026 | Bonfig Jason J SEVP Cust Offer, Fulfill & Can | Sale | 6,336 | $405.6K |
| Mar 23, 2026 | Bilunas Matthew M SEVP Enterprise Strategy & CFO | Sale | 11,356 | $727.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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