Target reported second-quarter 2026 net sales of $26.5 billion, up 5.3 percent, and diluted EPS of $4.11 versus $2.05 a year earlier. The results include a $994 million tariff refund benefit worth $1.65 per share, and excluding refunds EPS rose 20 percent. Target raised its full-year 2026 net sales growth outlook to around 5 percent and set a full-year EPS range of $9.90 to $10.90, which includes the refund benefit.
Q2 net sales of $26.5 billion rose 5.3 percent; comparable sales grew 3.8 percent, with digital comparable sales up 8.7 percent.
Q2 operating income was $2.6 billion versus $1.3 billion last year, including the $994 million tariff refund benefit.
Full-year 2026 EPS guidance is $9.90 to $10.90, including about $1.65 of Q2 tariff refund benefit; the company excludes potential future refunds from guidance.
No stock was repurchased in Q2; about $8.3 billion remained under the repurchase program approved in August 2021.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
From Target Corporation's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2026
$104.78B
-1.7%
$8.13
-8.2%
3.5%
FY2025
$106.57B
-0.8%
$8.86
-0.9%
3.8%
FY2024
$107.41B
-1.6%
$8.94
+49.5%
3.9%
FY2023
$109.12B
+2.9%
$5.98
-57.6%
2.5%
FY2022
$106.00B
+13.3%
$14.10
+63.2%
6.6%
Frequently asked questions
When is Target's next earnings date?
Target (TGT) is scheduled to report on Wednesday, November 18, 2026 before the market opens. Analysts expect EPS of $2.04.
What did Target earn last quarter?
For the quarter ended Aug 2026, Target reported diluted EPS of $4.11 (+100.5% year over year) on revenue of $26.54B (+5.3%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.