Home Depot Earnings November 17, 2026: HD on 93 Report Days

Home Depot reports its third quarter of fiscal 2026, the quarter that ended November 1, on Tuesday, November 17, 2026, before the market opens. Its investor events page lists the release with the call at 9:00 AM Eastern, and on every report since 2012 the numbers have reached the SEC between 6:03 and 7:00 AM Eastern, so Tuesday itself is the reaction session. It is the first report since the stock rallied 23.9% off its October 5 low, and it comes a year after the worst November report day in the company's record.

Across all 93 Home Depot earnings reports since August 2003, the stock closed higher on the report day 47 times and lower 46 times. The typical move was 2.3% in either direction, about three times its 0.8% median move on an ordinary day, and only 14 of the 93 moved it 5% or more, one of them 10%. Three things set Home Depot apart from the other big retailers. It is the quietest of them on its own number: Walmart's median report-day swing has been 4.5% since 2023, Home Depot's 1.3%. When it does gap, the gap holds: 22 of the 23 report days that opened 3% or more away from the prior close finished on the same side. And Lowe's, which reports the next morning, has moved with it on 73 of the 93 days, with a correlation of +0.74.

• The report: Tuesday, November 17, before the open; the call is at 9:00 AM Eastern, and the release has come out between 6:03 and 7:00 AM Eastern on every report since 2012.
• The company's own guidance: Home Depot guides by fiscal year, not by quarter. For fiscal 2026 it expects total sales growth of about 2.5% to 4.5%, comparable sales of about flat to up 2.0%, and adjusted EPS about flat to up 4.0% from $14.69, which is $14.69 to $15.28, reaffirmed on August 18.
• Analyst consensus: $3.83 of EPS on $42.79 billion of revenue per MarketBeat on November 10, and $3.86 on $42.69 billion per Zacks, against $3.74 adjusted and $41.4 billion a year earlier.
• The stock going in: $348.27 at Thursday's close, up 3.4% for 2026 and 23.9% above its October 5 low of $281.15, still 19.3% below the record close of $431.37 from December 2024, and up 13.0% over the last 20 sessions.

What Home Depot guided, and what analysts expect

Home Depot does not guide the quarter, so the comparison on Tuesday is the Street's number against last year's quarter and the company's full-year range. The year-earlier quarter, reported November 18, 2025, had sales of $41.4 billion, up 2.8%, including about $900 million from the GMS acquisition, comparable sales up 0.2%, and adjusted EPS of $3.74 against $3.78 the year before; the company called it a miss against its own expectations, blamed the lack of storms, and cut its full-year outlook. This quarter laps that base. The fiscal 2026 range below was set in February and reaffirmed in May and August.

The guidance carries a tariff footnote that matters for this quarter. The August release says the range "includes IEEPA tariff refunds, which are expected to partially offset unplanned fuel, energy, and other product input costs throughout the fiscal year." On the call, chief financial officer Richard McPhail said the company had received $730 million of refunds near the end of June, that $685 million of it reduced second-quarter cost of goods sold with $45 million still sitting in inventory, and that because refunds are booked as the cash arrives, the benefit shifts between the second and third quarters while the offsetting costs land mostly in the third (Retail TouchPoints). He expected those unplanned costs to "fully offset the benefit from tariff refunds over the year," described a consumer who has "the means to spend, they're just hesitant," and called the housing market frozen, with turnover "at historical lows" (CFO Brew). Comparable sales built through the quarter, 1.2% in May, 1.5% in June and 2.3% in July, and he said early third-quarter demand was tracking the second quarter. Two numbers to watch on Tuesday: comparable customer transactions, which fell 1.0% in the second quarter while the average ticket rose 2.8%, and whether the full-year range moves at all, since the November report is where the company changed it last year.

What moved the stock in the last three reports

August 18, 2026: sales of $47.9 billion, up 5.7%, comparable sales up 1.7% and U.S. comparable sales up 1.3%, and adjusted EPS of $4.92 against $4.68 a year earlier, with the full-year guidance reaffirmed, per the release. McPhail's line in the release was that "customers continued to engage in smaller projects." The stock opened 0.3% lower and closed down 0.1%, one of 21 report days in the record that moved the stock less than 1%, and then lost 9.7% over the next 20 sessions on the way to its October low.

May 19, 2026: sales of $41.8 billion, up 4.8%, comparable sales up 0.6%, and adjusted EPS of $3.43 against $3.56, per the release; chief executive Ted Decker said demand was "relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure." The stock had fallen 14.6% in the 20 sessions before the report. It opened 2.6% lower and closed +0.9%, an open-to-close recovery of 3.6%, and was +9.1% twenty sessions later.

February 24, 2026: fourth-quarter sales of $38.2 billion, down 3.8% against a year-earlier quarter that had a fourteenth week, comparable sales up 0.4%, adjusted EPS of $2.72 against $3.13, a 1.3% dividend increase and the fiscal 2026 guidance above, per the release. The stock gapped 3.2% higher and kept 2.0% of it, then fell 13.4% over the next 20 sessions, the third-worst stretch after any report day in the record, behind only the February 2020 report that ran into the Covid crash and August 2022.

Last November was the worst November report day in the record

On November 18, 2025 the stock opened 5.0% lower and closed down 6.0%, the third-worst report day since 2003 and the worst of the 23 Novembers. The quarter had sales of $41.4 billion, up 2.8% with GMS, comparable sales up 0.2% and adjusted EPS of $3.74, under the $3.78 of a year earlier, and the company cut its fiscal 2025 outlook to adjusted EPS down about 5% from $15.24, per the release. Decker's explanation: "Our results missed our expectations primarily due to the lack of storms in the third quarter," and "consumer uncertainty and continued pressure in housing are disproportionately impacting home improvement demand." Lowe's fell 2.4% that day, the session before its own report, and the S&P 500 fell 0.8%. The stock had slid 7.9% into the report; twenty sessions later it was +6.7%.

How we measured the 93 report days

We pulled every Form 8-K with results of operations that Home Depot filed with SEC EDGAR: the Item 2.02 filings since November 2004 and the Item 12 filings that carried earnings before that, 93 in all, starting with the second quarter of fiscal 2003 on August 19, 2003. Home Depot files nothing else under that item, so nothing is dropped. Every release came out before the open, between 6:03 and 8:39 AM Eastern, so the reaction day is the report day itself; the one filing that reached the SEC after the close, on August 14, 2007, carried a release datelined that morning and is counted on its report day. Every one of the 93 report days was a Tuesday. Moves come from Yahoo Finance daily bars adjusted for dividends: the close-to-close change, the opening gap, the open-to-close move, and the same-day moves of Lowe's, the SPDR S&P Homebuilders ETF (XHB, which began trading in 2006) and the S&P 500. For 2010 onward it is the same method as our retail earnings week page, whose 67 Home Depot report days this page reproduces and extends back to 2003. This is descriptive history, not a forecast.

All 93 reports at a glance

The direction is a coin flip, 47 up and 46 down with a median move of 0.0%, and the size has shrunk. In the 2000s, through the housing bust, a Home Depot report moved the stock a median 3.4%, 5 of 26 reports moved it 5% or more, and the only 10% day in the record came on February 24, 2009. Since 2010 the median swing is 1.9%, since 2023 it is 1.3%, and 21 of the 93 report days moved the stock less than 1% either way. Set that against the other retailers reporting this week: Walmart's median swing has risen to 4.5% since 2023, and Target's is 3.9% across the 2010-onward record. Home Depot is the one whose report day usually looks like an ordinary day with the volume turned up.

The gap holds: 22 of 23 big gaps finished on the same side

Home Depot's report day is decided before 9:30 AM. Across the 93 reports the median gap was 2.0% in either direction, and when the gap was 3% or more the close stayed on the same side of the prior close in 22 of 23 cases: all 6 gaps down of 3% or more closed lower, 5 of them below where they opened, and 16 of the 17 gaps up of 3% or more closed higher, the one exception November 18, 2003, when a 3.2% gap up faded to a 1.5% loss. After a down gap the open-to-close move has been a median 0.0%, and after an up gap -0.6%, so the stock has tended to give back a little of a gap up and hold a gap down where it opened. Small gaps are different: 28 of the 93 reports closed on the other side of their gap, 21 of them gaps under 2%. The practical reading is that by the opening bell a Home Depot report is priced, and a rule that acts on the open is acting on the news, not ahead of it.

The last twelve reports

Five of the last twelve closed lower, five moved less than 1%, and only two moved 5% or more: +5.4% in November 2023, on a morning the S&P 500 rose 1.9% on a soft inflation print, and -6.0% last November. Lowe's went the same way on 11 of the twelve.

November: a coin flip with the big days at both ends

November is split down the middle, 11 up and 12 down with a median move of -0.2%, but it is where the big days cluster: +5.7% on November 16, 2021 and +5.4% on November 14, 2023 are the second- and fifth-best report days in the record, and -6.0% last year and -5.4% on November 19, 2019 are the third- and fourth-worst. February is the quietest month and the most often up, 14 of 23, even though it carries the full-year guidance; May has been the weak one, 9 up and 14 down with a median of -1.0%; August has the largest swings at 3.2%. The 20 sessions after a November report have been up 17 times in 23, a median of +3.6%, the best of the four months.

Every November report since 2003

The two big Novembers up were both days the gap ran on: 2021 opened 2.9% higher and closed +5.7%, with Lowe's +4.2% the day before its own report, and 2023 opened 4.5% higher and closed +5.4% with Lowe's +4.3%. The two big Novembers down were guidance days: 2019, when the company cut its fiscal 2019 outlook to sales growth of 1.8% from 2.3% and comparable sales growth of 3.5% from 4%, and the stock fell 5.4% on a 3.5% gap, and 2025, above. In the nineteen other Novembers the stock never moved more than 4.4% either way.

The setup going in: up 13.0% in 20 sessions after a 23.9% rally off the October low

Home Depot closed Thursday, November 12 at $348.27, per Yahoo Finance. It is up 3.4% for 2026 and 23.9% above the $281.15 close of October 5, its 52-week low, after a 13.0% gain over the last 20 sessions and a 0.5% dip in the last five; it is still 19.3% below the record close of $431.37 from December 6, 2024 and below the $391.05 it reached on February 13. The largest single day of the rally was +6.5% on November 4, the session after the midterm elections, when housing stocks rose on hopes of action on affordability and lower mortgage rates (TIKR; CNBC). None of the stock's three sessions of 5% or more in 2026 was a report day, which fits its record.

We split the 93 reports by how the stock did in the 20 sessions before each one. Through Thursday the figure is +13.0%, which puts this report in the first row.

After a run of 5% or more the report day has been quieter, not louder: 23 reports, 10 up and 13 down, a median move of -0.5%, a median swing of 1.6% and a single move of 5% or more. The big days have come after slides: the 13 reports that followed a 20-session drop of 5% or more include 4 moves of 5% or more and the only 10% day, +10.5% on February 24, 2009 after a 13.9% slide, on a morning the S&P 500 itself rose 4.0%. Last November was the same shape in miniature, -7.9% into the report and -6.0% on the day, as was May of this year, -14.6% in and +0.9% on the day. The correlation between the run-up and the report-day move is -0.16, a lean toward reversal rather than a rule, and 57 of the 93 reports sit in the middle bucket where it says nothing.

Lowe's moves the day before its own report

A Home Depot report is a preview of Lowe's, which typically reports the morning after and lists Wednesday, November 18 as tentative for this one. On the 93 Home Depot report days Lowe's moved in the same direction 73 times, with a correlation of +0.74, by a median of 1.4% against 0.9% on an ordinary day, and on the 14 days Home Depot moved 5% or more Lowe's went the same way 12 times, by a median of 2.1%. The homebuilders moved with it too: the XHB ETF matched the direction on 60 of 83 report days since 2006, with a correlation of +0.64, and on 12 of the 13 big days. The S&P 500 matched on 60 of 93, a correlation of +0.51, which is a stronger tie than Walmart's report day has with the market, and a reminder that Home Depot is a Dow component whose report lands in the same hour as the day's economic data.

The pattern held last November, Lowe's -2.4% on Home Depot's -6.0%, and in the two big Novembers up, +4.2% in 2021 and +4.3% in 2023. For a trader holding Lowe's into Wednesday morning, Home Depot's Tuesday release is the first number of the week.

What came after the report day

Home Depot has drifted higher after its reports. From the report-day close it was higher five sessions later 49 times out of 93, a median of +0.2%, and higher 20 sessions later 55 times, a median of +2.8%. The drift has depended on the day. After the 22 report-day gains of 3% or more, the next 20 sessions were up 18 times with a median of +4.3%; November 2023's +5.4% ran on to +13.9%. After the 13 drops of 3% or more the next 20 sessions were up 6 times with a median of -0.5%, though last November's -6.0% was followed by +6.7%. The two reports of 2026 that barely moved the stock were followed by two of the worst 20-session stretches in the record, -13.4% after February, the third-worst behind February 2020 and August 2022, and -9.7% after August.

The biggest Home Depot report days since 2003

• -8.9% on Feb 22, 2022
• -7.1% on Feb 21, 2023
• -6.0% on Nov 18, 2025
• -5.4% on Nov 19, 2019
• -5.3% on May 19, 2009
• -5.2% on May 20, 2008
• +10.5% on Feb 24, 2009
• +5.7% on Nov 16, 2021
• +5.7% on Feb 26, 2013
• +5.6% on Aug 19, 2014
• +5.4% on Nov 14, 2023
• +5.3% on Aug 16, 2011

Eight of the twelve are February or November days, the two reports that carry guidance. The worst, -8.9% on February 22, 2022, came on a record year in which the company guided fiscal 2022 to "sales growth and comparable sales growth to be slightly positive" and "operating margin approximately flat," and Bloomberg recorded the biggest drop in almost two years as margins spooked investors; Lowe's fell 3.6% with it. The second-worst, -7.1% on February 21, 2023, was the fiscal 2023 guidance: sales and comparable sales "approximately flat," earnings per share down mid-single digits, and about $1 billion a year of added pay for hourly associates, with Lowe's down 5.1%. The best, +10.5% on February 24, 2009, was the fourth quarter of fiscal 2008, comparable store sales down 13.0% and a 2009 outlook for total sales to fall about 9%, on a morning the whole market rose 4.0%; the stock had slid 13.9% in the 20 sessions before. That is the other half of the story: Home Depot's big report days are rare, and most of them are about the year ahead rather than the quarter just closed.

How we handle a report like this, and what we leave alone

We do not forecast earnings, and the software does not trade the print itself. Three settings do the work. Earnings awareness is an opt-in rule, off by default, that keeps the auto-trader from opening a position in a stock whose report falls inside a window you pick, 3, 7 or 14 days ahead. The daily spend limit caps how much new money goes to work on any one morning. A fixed or trailing stop on every position decides the exit before the number, not during it. The settings glossary explains each one, and you can set those rules up in a few minutes.

One limit applies to every stop order: once its price is touched it becomes a market order, so when a stock gaps past it at the open, the fill comes near the open, not at the stop. Investor.gov explains how stop orders execute. Home Depot's record is gentler than Walmart's but makes the same point: all 6 of its down gaps of 3% or more held to the close, so a stop under Monday's close would have been filled near the open on every one of them, and the median open-to-close move after a down gap is 0.0%, no rescue and no further slide. The size of a position held into the report matters more than where its stop sits. Our test of trailing stops from 1% to 8%, our count of how often the market drops 1%, 2% or 3% in a day and our study of which bounces off a low hold cover the rest of that math. If you want to see how the rules behave on a sample account before connecting a broker, start with the demo.

The rest of the calendar

Home Depot shares Tuesday morning with Disney and Tuesday night with Nvidia; Lowe's, Target and TJX follow on Wednesday and Walmart on Thursday, and the five retailers' dates, guidance and 2010-onward records are in the retail earnings week page. Every date for the month is on the November 2026 stock market calendar, Thanksgiving week follows with its half session on November 27, and how the S&P 500 does during earnings season covers the market-wide pattern. Target's own record, all 93 report days since 2003, is in our Target earnings page.

Quick answers

When does Home Depot report earnings?

Tuesday, November 17, 2026, before the market opens. Home Depot's investor events page lists the third-quarter release with the call at 9:00 AM Eastern, and on every report since 2012 the release has reached the SEC between 6:03 and 7:00 AM Eastern. Because the report lands before the open, Tuesday's session is the reaction day.

What is Home Depot expected to earn this quarter?

Consensus is $3.83 to $3.86 of EPS on about $42.7 billion to $42.8 billion of revenue, per MarketBeat and Zacks, against $3.74 adjusted and $41.4 billion a year earlier. Home Depot does not guide the quarter; its fiscal 2026 range is total sales growth of about 2.5% to 4.5%, comparable sales about flat to up 2.0%, and adjusted EPS of $14.69 to $15.28.

How much does Home Depot stock usually move after earnings?

The median move on the report day has been 2.3% in either direction across 93 reports since 2003, and 1.3% across the 15 reports since 2023. Fourteen of the 93 moved it 5% or more and one moved it 10% or more, +10.5% in February 2009; the largest drop was -8.9% in February 2022.

Did Home Depot stock go up or down after its last earnings report?

Barely either. On August 18, 2026 it opened 0.3% lower and closed down 0.1%, one of 21 report days in the record that moved the stock less than 1%, on sales up 5.7%, comparable sales up 1.7% and adjusted EPS of $4.92, with the full-year outlook reaffirmed. It fell 9.7% over the next 20 sessions.

What did Home Depot do after last November's earnings?

It fell 6.0% on November 18, 2025, opening 5.0% lower after a quarter the company said missed its expectations for lack of storms, with the full-year outlook cut. That is the worst of its 23 November report days; across all 23 it closed higher 11 times, with a median move of -0.2%.

Does Lowe's move on Home Depot's earnings day?

Yes. Lowe's moved in the same direction as Home Depot on 73 of the 93 report days, with a correlation of +0.74, by a median of 1.4% against 0.9% on an ordinary day, and on 12 of the 14 days Home Depot moved 5% or more. Lowe's reports the next morning.

Historical figures are for information only. They describe what happened, not what will happen, and nothing here is investment advice.