Lowe’s Q2 sales seen rising 1.7%; Home Depot projected to be up 4.9%

Lowe's Cos. Inc. (NYSE: LOW) and The Home Depot Inc. (NYSE: HD) will report fiscal second-quarter 2026 results next week, offering a gauge of how US consumers are responding to higher interest rates and a sluggish housing market.

Lowe’s, due to report on August 20, is forecast to deliver its first year-on-year sales growth since early 2024. Visible Alpha consensus estimates point to a 1.7% rise in net sales to $24 billion, with comparable sales also up 1.7% while non-comparable sales grow by an estimated 0.4%. The improvement suggests a modest recovery in repair and remodeling activity, though demand remains tempered by limited housing turnover.

Rival Home Depot, reporting a day earlier, is expected to post stronger top-line growth. Analysts forecast a 4.9% year-on-year increase in net sales to $45.3 billion, supported by a 1.1% gain in comparable sales and a 3.3% lift from new stores. A key driver is the $18 billion acquisition of SRS Distribution, which expands Home Depot into complementary categories such as roofing and landscaping.

Both companies face the challenge of translating a still-subdued housing cycle into steady growth.

This article was published by Visible Alpha, part of  S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.