Best Buy (BBY) Expected to Announce Earnings on Thursday

Best Buy (NYSE:BBY) will likely be releasing its Q2 2026 results before the market opens on Thursday, August 28th. Analysts expect Best Buy to post earnings of $1.22 per share and revenue of $9.2347 billion for the quarter. Best Buy has set its FY 2026 guidance at 6.150-6.300 EPS.Interested persons may visit the the company’s upcoming Q2 2026 earningresults page for the latest details on the call scheduled for Thursday, August 28, 2025 at 8:00 AM ET.

Best Buy (NYSE:BBY) last released its earnings results on Thursday, May 29th. The technology retailer reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.06. Best Buy had a net margin of 2.13% and a return on equity of 46.40%. The firm had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same period last year, the business earned $1.20 earnings per share. The business’s revenue was down .9% on a year-over-year basis. On average, analysts expect Best Buy to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Best Buy Price Performance

BBY stock opened at $72.3470 on Thursday. The firm has a 50 day moving average price of $69.19 and a 200-day moving average price of $72.04. Best Buy has a 52-week low of $54.99 and a 52-week high of $103.71. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.96 and a beta of 1.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 1.02.

Best Buy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 19th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Wednesday, June 18th. Best Buy’s dividend payout ratio (DPR) is presently 92.91%.

Insider Buying and Selling

In other Best Buy news, Chairman Richard M. Schulze sold 729,201 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $72.95, for a total value of $53,195,212.95. Following the transaction, the chairman directly owned 196,100 shares in the company, valued at $14,305,495. This represents a 78.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. grew its position in Best Buy by 96.8% during the second quarter. Adage Capital Partners GP L.L.C. now owns 271,400 shares of the technology retailer’s stock valued at $18,219,000 after buying an additional 133,500 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Best Buy by 13.3% in the second quarter. Ameriprise Financial Inc. now owns 723,899 shares of the technology retailer’s stock worth $48,614,000 after buying an additional 84,936 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Best Buy by 39.5% in the second quarter. AQR Capital Management LLC now owns 3,501,617 shares of the technology retailer’s stock worth $235,064,000 after buying an additional 991,141 shares in the last quarter. California State Teachers Retirement System raised its stake in Best Buy by 2.7% during the second quarter. California State Teachers Retirement System now owns 302,691 shares of the technology retailer’s stock worth $20,320,000 after purchasing an additional 8,082 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its stake in Best Buy by 855.5% during the second quarter. Worldquant Millennium Advisors LLC now owns 686,644 shares of the technology retailer’s stock worth $46,094,000 after purchasing an additional 614,779 shares during the period. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BBY shares. Loop Capital reduced their price target on shares of Best Buy from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Guggenheim reissued a “buy” rating and set a $90.00 price target on shares of Best Buy in a research report on Tuesday, June 10th. Truist Financial raised their price target on shares of Best Buy from $64.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, May 30th. Piper Sandler reissued a “neutral” rating and set a $75.00 price target (down previously from $82.00) on shares of Best Buy in a research report on Monday, July 14th. Finally, Wedbush reduced their price target on shares of Best Buy from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Friday, May 30th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $85.72.

About Best Buy

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.