The earnings call reflects a positive sentiment with better-than-expected results, strong growth in key segments like gaming and computing, robust online sales, and successful vendor partnerships. However, challenges remain with declines in certain product categories and concerns about tariffs.

Company Guidance

During Best Buy's second quarter fiscal 2026 earnings call, the company reported better-than-expected results with revenue reaching $9.4 billion and an adjusted operating income rate of 3.9%. Adjusted earnings per share were $1.28, driven by comparable sales growth of 1.6%, the highest in three years. The growth was attributed to a mix of new technology innovations and strong vendor partnerships, with notable sales increases in gaming, computing, mobile phones, wearables, and headphones. Best Buy's online sales comprised 33% of domestic sales, with 45% of online purchases picked up in-store. The company maintained its annual guidance, expecting revenue between $41.1 billion to $41.9 billion, comparable sales ranging from a decline of 1% to an increase of 1%, and an adjusted operating income rate of approximately 4.2%. Despite the ongoing tariff situation, Best Buy feels confident about its plans for the year's second half, citing strong customer engagement and a strategic focus on expanding partnerships and product offerings.

Better-Than-Expected Second Quarter Results

Best Buy reported revenue of $9.4 billion with an adjusted operating income rate of 3.9% and adjusted earnings per share of $1.28. Comparable sales growth was 1.6%, the highest in 3 years.

Growth in Gaming and Computing Segments

Sales growth was notably strong in gaming, computing, mobile phones, wearables, and headphones. The Switch 2 release significantly boosted gaming sales.

Strong Online Performance

Online sales accounted for 33% of domestic sales in Q2, marking the third consecutive quarter of year-over-year growth driven by higher traffic and increased app adoption.

Vendor Partnerships and Support

Vendor labor investment is expected to be 20% higher than last year. Partnerships with Meta, IKEA, and others are enhancing in-store experiences.

Launch of Best Buy Marketplace

The new marketplace has expanded product availability online by six times, offering more tech options from major brands and new vendors.

Strong Employee Engagement

Best Buy reported the lowest employee turnover rates in 10 years and higher engagement scores from employee surveys.

Best Buy Co (BBY) Earnings, Revenues Date & History

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BBY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 25, 2025	2026 (Q3)	1.29 / -	1.26	―	―	―
Aug 28, 2025	2026 (Q2)	1.21 / 1.28	1.34	-4.48% (-0.06)	―
May 29, 2025	2026 (Q1)	1.10 / 1.15	1.2	-4.17% (-0.05)	―
Mar 04, 2025	2025 (Q4)	2.41 / 2.58	2.72	-5.15% (-0.14)	―
Nov 26, 2024	2025 (Q3)	1.29 / 1.26	1.29	-2.33% (-0.03)	―
Aug 29, 2024	2025 (Q2)	1.16 / 1.34	1.22	9.84% (+0.12)	―
May 30, 2024	2025 (Q1)	1.07 / 1.20	1.15	4.35% (+0.05)	―
Feb 29, 2024	2024 (Q4)	2.52 / 2.72	2.61	4.21% (+0.11)	―
Nov 21, 2023	2024 (Q3)	1.19 / 1.29	1.38	-6.52% (-0.09)	―
Aug 29, 2023	2024 (Q2)	1.07 / 1.22	1.54	-20.78% (-0.32)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BBY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 28, 2025	$75.45	$72.66	-3.70%
May 29, 2025	$70.54	$65.41	-7.27%
Mar 04, 2025	$84.48	$73.24	-13.30%
Nov 26, 2024	$89.64	$85.26	-4.89%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.