Lululemon athletica inc. filed its Form 10-Q with the U.S. Securities and Exchange Commission on September 3, 2026, covering the quarterly period ended August 2, 2026, for the second quarter of fiscal year 2026.

Key Highlights

  • Quarterly net revenue: $2,415,631 thousand for the quarter ended August 2, 2026, compared with $2,525,219 thousand in the prior-year quarter ended August 3, 2025.
  • Quarterly net income: $329,223 thousand for the quarter ended August 2, 2026, versus $370,905 thousand in the same quarter a year earlier.
  • Diluted EPS: $2.92 for the quarter ended August 2, 2026, compared with $3.10 for the quarter ended August 3, 2025.
  • Two-quarter net revenue: $4,887,234 thousand for the two quarters ended August 2, 2026, versus $4,895,879 thousand for the two quarters ended August 3, 2025.
  • Share repurchases: The company repurchased 2,747 thousand shares of common stock during the quarter ended August 2, 2026, at a total cost, including excise tax, of $333,349 thousand.
  • Cash and cash equivalents: $1,389,737 thousand as of August 2, 2026, down from $1,807,202 thousand as of February 1, 2026.
  • Shares outstanding: As of August 28, 2026, there were 105,594,064 shares of common stock outstanding.

Lululemon Athletica's Second-Quarter Fiscal 2026 Operating and Balance Sheet Detail

According to the filing, lululemon athletica inc. (NASDAQ:LULU) reported net revenue of $2,415,631 thousand for the quarter ended August 2, 2026, a decrease from $2,525,219 thousand in the quarter ended August 3, 2025. Gross profit for the quarter was $1,461,878 thousand, compared with $1,477,202 thousand in the prior-year quarter. Selling, general and administrative expenses rose to $1,006,332 thousand from $951,658 thousand year over year, the company disclosed. Income from operations for the quarter was $453,653 thousand, versus $523,814 thousand in the same period a year earlier.

For the two quarters ended August 2, 2026, the filing reported net revenue of $4,887,234 thousand and net income of $524,271 thousand, compared with $4,895,879 thousand and $685,477 thousand, respectively, for the two quarters ended August 3, 2025. Basic earnings per share for the two quarters ended August 2, 2026, were $4.59, versus $5.71 for the same period a year prior, according to the filing. The diluted weighted-average number of shares outstanding for the two quarters ended August 2, 2026, was 114,201 thousand.

The consolidated balance sheet as of August 2, 2026, reflected total assets of $8,484,578 thousand and total stockholders' equity of $4,791,174 thousand, the company disclosed. Inventories stood at $1,711,450 thousand, compared with $1,700,753 thousand as of February 1, 2026. The filing also noted that as of August 28, 2026, there were 5,115,961 exchangeable shares of Lulu Canadian Holding, Inc. outstanding, each exchangeable for an equal number of shares of the registrant's common stock, and a corresponding 5,115,961 shares of special voting stock outstanding.

What Was Disclosed

Lululemon athletica inc. filed a Form 10-Q for the quarterly period ended August 2, 2026, disclosing consolidated income statements, balance sheets, and statements of stockholders' equity and cash flows for the second quarter and first two quarters of fiscal 2026.