Walmart reported stronger-than-expected revenue but missed on adjusted earnings in its fiscal Q2. Revenue reached $177.4 billion, more than $1 billion above consensus, and US comparable-store sales rose 4.6% year-on-year versus an expected 4.2%. Despite the top-line beat, adjusted EPS fell short of Wall Street estimates and shares were down about 3% in premarket trading.

CEO Doug McMillon warned that tariffs are forcing the chain to raise prices as it replenishes inventory at higher cost, and he expects tariff-related costs to rise in both the third and fourth quarters. For fiscal 2026 Walmart now sees net sales growth of 3.75–4.75% (previously 3–4%). For the current quarter it forecasts adjusted EPS of $0.58–$0.60 (consensus $0.57) and for the full year $2.52–$2.62 (street at the top end $2.61).

The results follow rival Target, which reported adjusted EPS of $2.05 (consensus $2.02) and revenue of $25.2 billion (vs. $24.9 billion expected) but whose shares fell more than 10% after a year-on-year revenue decline of 0.9% and an announced CEO transition effective Feb. 1, 2026. #WMT #TGT #retail #FiatNews