Lowe's (LOW) · Q2 2026 results and valuation

At −3.8% growth a year (3-year revenue growth), the model's fair value is $52.69 a share — the stock trades 340% above it. Today's price assumes 8.9% growth a year.

1. Guidance

   Lowe's is also committed to driving productivity and managing expenses with discipline and executing the integration actions that it expects will strengthen the business as the market recovers.

2. Guidance

   The company expects third-quarter adjusted diluted earnings per share to be approximately 7% as comparable sales are expected to be in line with the full-year outlook.

   Source quote

   “And for the third quarter, we expect comp sales to be in line with our full year outlook and adjusted diluted earnings per share to be approximately 7%...”

3. Figure

   The company delivered sales of $26 billion in the second quarter with comparable sales increasing 0.2%.

   Source quote

   “In the second quarter, we delivered sales of $26 billion with comparable sales increasing 0.2%.”

4. Fading

   The company reduced its merchandise divisions from 14 to 13 to manage battery platforms under one team and improve coordination between merchants and supplier partners.

   Source quote

   “Most notably, we combine power tools with outdoor power equipment to create We recently realigned select product categories, reducing our merchandise divisions from 14 to 13. This change will help us manage our battery platforms under 1 team and improve coordination and alignment between our merchants and supplier partners.”

Script and answers carried a similar tone, so the script's message held up under questioning.

Sentences that drove the tone

“As I close, we remain focused on doing what we do best, bringing customers compelling values, innovative products and brands, along with an outstanding shopping experience.”

“Our teams executed at a high level throughout the quarter with compelling value, strong in-stock position and outstanding customer service across stores and digital channels while maintaining a disciplined focus...”

“The impact of our perpetual productivity improvement effort is evident in our successful transition of all store and field associates to a new centralized communications portal that consolidates several previously...”