# Walmart second-quarter financial performance

> Live situation record from CLSTR: https://clstr.news/situations/walmart-second-quarter-financial-performance
> Updated: 2026-08-20T00:00:00.000Z. Sources: 109. Developments: 2.

Walmart reported fiscal second-quarter revenue of $187.9 billion, a 5.9% increase year-over-year, surpassing analyst expectations. Adjusted earnings per share reached $0.81, also beating consensus. Following these results, the company raised its full-year net sales growth guidance to a range of 4.0% to 5.0%, up from the previous 3.5% to 4.5% projection, and revised its adjusted earnings per share outlook to a range of $2.80 to $2.87.

Despite the revenue growth, the company’s stock experienced a significant decline, dropping as much as 9% to a nine-month low and erasing over $80 billion in market capitalization. This reaction followed reports of its slowest U.S. comparable sales growth in six years; U.S. comparable sales (excluding fuel) rose 2.6%, falling short of the 3.7% to 3.8% consensus. New details indicate that pharmacy deflation due to new price regulations and consumer pressure from rising fuel costs contributed to this deceleration. Notably, excluding the impact of pharmacy pricing, comparable sales would have risen by 3.4%.

Growth remains heavily driven by digital and high-growth sectors. Global e-commerce rose 23%, while U.S. e-commerce sales increased 24%. The advertising business, Walmart Connect, grew 43% (with global advertising revenue specifically noted as increasing 38%). Sam’s Club also showed strength, with comparable sales excluding fuel increasing 4.4%. To offset economic pressures, Walmart is utilizing approximately $2.9 billion in tariff refunds, following a Supreme Court ruling, to invest in lower prices and improved customer experiences, including roughly 11,000 price reductions across groceries and general merchandise. CEO John Furner noted that e-commerce momentum reflects customer demand for “price, speed, and convenience.”

## Claims

- Quarterly net income was $6.37 billion, or 80 cents per share. (disputed by 5 sources)
- Walmart's adjusted earnings per share for the second quarter was 81 cents, exceeding analyst expectations. (disputed by 3 sources)
- Comparable sales in U.S. stores rose 2.6% in the second quarter. (corroborated by 25 sources)
- Walmart reported Q2 FY27 revenue of $187.9 billion, a 5.9% increase from the previous year. (corroborated by 20 sources)
- Walmart is eligible for approximately $2.9 billion in tariff refunds. (corroborated by 17 sources)
- The company raised its full-year guidance for net sales growth to a range of 4.0% to 5.0%. (corroborated by 13 sources)
- Pharmacy sales weighed on results due to lower drug prices negotiated through the Inflation Reduction Act. (corroborated by 12 sources)
- Global e-commerce sales rose 23% in the second quarter. (corroborated by 9 sources)
- U.S. e-commerce sales increased by 24% during the second quarter. (corroborated by 8 sources)
- Walmart's adjusted earnings per share guidance for the year was revised to $2.80-$2.87. (corroborated by 8 sources)
- Sam’s Club U.S. e-commerce sales grew by 26%. (corroborated by 2 sources)

## Timeline

### 2026-08-20: Walmart stock falls as U.S. comparable sales growth slows to six-year low

Walmart's stock fell sharply despite beating Q2 revenue and earnings estimates, as U.S. comparable sales growth slowed to 2.6%, its lowest in six years, signaling consumer pressure.

107 sources. https://clstr.news/cluster/walmart-reports-revenue-growth-and-e-commerce-surge-in-q2

### 2026-08-17: Walmart prepares to report second-quarter financial results

Walmart prepares to report second-quarter results, with analysts focusing on comparable-store sales, advertising growth, and consumer resilience amid inflationary pressures.

3 sources. https://clstr.news/cluster/walmart-prepares-to-report-second-quarter-financial-results

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Cite as: Walmart second-quarter financial performance. CLSTR, https://clstr.news/situations/walmart-second-quarter-financial-performance