Best Buy Co., Inc. filed its Form 10-Q with the SEC on September 4, 2026, covering the quarterly period ended August 1, 2026, reporting revenue of $9,779 million and net earnings of $315 million for the second quarter of fiscal 2027.

Key Highlights

  • Quarterly revenue of $9,779 million for the three months ended August 1, 2026, compared to $9,438 million for the three months ended August 2, 2025.
  • Net earnings of $315 million for the quarter, up from $186 million in the prior-year quarter, according to the filing.
  • Diluted earnings per share of $1.48 for the three months ended August 1, 2026, versus $0.87 for the same period last year.
  • Six-month revenue of $18,715 million and net earnings of $591 million for the half-year period ended August 1, 2026.
  • Cash and cash equivalents of $2,255 million as of August 1, 2026, compared to $1,738 million at January 31, 2026.
  • Merchandise inventories rose to $6,296 million as of August 1, 2026, from $5,230 million at January 31, 2026.
  • 209,727,698 shares of common stock outstanding as of September 2, 2026, the filing disclosed.

Best Buy Q2 Fiscal 2027: Revenue, Earnings, and Balance Sheet Detail

According to the Form 10-Q filed with the SEC for the quarter ended August 1, 2026, Best Buy Co., Inc. (NYSE:BBY) reported revenue of $9,779 million for the three-month period, compared to $9,438 million in the year-ago quarter. Gross profit was $2,338 million, up from $2,194 million. Selling, general and administrative expenses totaled $1,923 million for the quarter, versus $1,829 million in the prior-year period. The filing also reported a restructuring charge reversal of $6 million for the quarter, compared to restructuring charges of $114 million in the same period one year earlier. Operating income for the quarter was $421 million, against $251 million for the three months ended August 2, 2025.

For the six months ended August 1, 2026, the company reported total revenue of $18,715 million and net earnings of $591 million, compared to $18,205 million in revenue and $388 million in net earnings for the six months ended August 2, 2025. Basic earnings per share for the half-year period were $2.80, and diluted earnings per share were $2.79, the filing stated. Total cash provided by operating activities for the six months was $1,296 million, versus $783 million in the prior-year half. Dividends paid totaled $405 million for the six months ended August 1, 2026.

The condensed consolidated balance sheet as of August 1, 2026, showed total assets of $16,107 million and total equity of $3,183 million. Long-term debt stood at $1,158 million. Accounts payable increased to $6,026 million from $4,745 million at January 31, 2026. The company reported that the Consolidated Balance Sheet as of January 31, 2026, "has been condensed from the audited consolidated financial statements." The registrant was classified as a large accelerated filer as of the filing date.

What Was Disclosed

Best Buy filed its quarterly 10-Q for the period ended August 1, 2026, disclosing revenue, earnings, balance sheet, and cash flow figures for both the second quarter and first half of fiscal 2027, along with share count and equity information.