What were Lowe’s (NYSE:LOW) total sales for Q1 2026?

Lowe’s reported total sales of $23.1 billion for Q1 2026, up from $20.9 billion in Q1 2025, driven by strong digital commerce growth and operational execution during the seasonal spring ramp-up.

How did comparable sales perform during the quarter?

Comparable sales increased 0.6% year-over-year, supported by a 15.5% growth in online transactions and steady performance in professional contractor, appliance, and home services units.

What were Lowe’s net earnings and GAAP EPS for Q1 2026?

Net earnings reached $1.6 billion, with GAAP diluted EPS of $2.90, slightly down from $2.92 in Q1 2025, reflecting pre-tax integration expenses from recent acquisitions.

How did adjusted EPS compare year-over-year?

Excluding $96 million in acquisition-related integration expenses, adjusted diluted EPS rose 3.8% to $3.03, showing underlying operational growth.

Image for illustrative purposes only. Not a real photo.

Lowe’s top-line sales advance to $23.1B as e-commerce surges

Q: What recent acquisitions impacted Lowe’s Q1 results?

Integration expenses related to the acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG) totaled $96 million pre-tax, affecting GAAP EPS.

Written by Heidi Cuthbert Published May. 20 2026Last Updated May. 20 2026

Lowe’s Companies (NYSE:LOW) reported its financial results for the first quarter of 2026, delivering top-line expansion that outpaced the prior year's performance, driven by digital commerce gains and robust operational execution during the seasonal spring ramp-up.

Total sales for the home improvement retailer reached $23.1 billion, up from the $20.9 billion generated during the first quarter of 2025.

Comparable sales edged higher by 0.6%, sustained by a 15.5% jump in online transactions alongside steady activity inside its specialized professional contractor, appliance, and home services units.

Net earnings for the quarter settled at $1.6 billion, with GAAP diluted earnings per share reaching $2.90, down marginally from the $2.92 recorded a year earlier.

The bottom-line metrics included $96 million in pre-tax integration expenses associated with the recent corporate acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG).

Stripping out those acquisition outlays, adjusted diluted earnings per share rose 3.8% year-over-year to $3.03.

Lowe’s also reaffirmed its previously issued full-year operating objectives for fiscal year 2026.

The Mooresville, North Carolina-based company continues to model total annual sales ranging between $92 billion and $94 billion.

Full-year operating margins are projected to land within a band of 11.2% to 11.4%, with GAAP diluted earnings per share expected between $11.75 and $12.25.

Elsewhere, the retailer maintained its ongoing capital allocation strategy during the quarter, deploying cash to support shareholder returns by distributing a total of $674 million in dividend payments.