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Home Depot outperforms Lowe's in Q2 amid frozen housing market, reaffirming guidance while Lowe's cuts outlook.

Company Fundamentals
26 Aug 2026
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Neutral
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Home Depot and Lowe's reported contrasting Q2 earnings amid a stagnant housing market. Home Depot showed 1.7% comparable sales growth and reaffirmed its full-year guidance, driven by strong Pro customer demand and broad project activity. In contrast, Lowe's barely grew comps by 0.2%, cut its full-year outlook to the low end, and cited weak discretionary DIY demand as a challenge. The divergent strategies highlight Home Depot's steadier execution and Pro focus, while Lowe's higher DIY exposure may offer more upside if housing conditions improve. Investors favor Home Depot now but may watch Lowe's for a potential rebound if mortgage rates fall.

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