Best Buy Q2 Earnings Beat Estimates as Comparable Sales Rise 4.1%

Best Buy reported second-quarter fiscal 2027 adjusted earnings of $1.48 per share, up 70.1% year-over-year and topping Wall Street estimates. Revenue climbed 3.6% to $9.78 billion. Domestic comparable sales rose 4.5%, with computing, mobile phones, and services leading the gains. Overall comparable sales increased 4.1%.

The retailer raised its full-year fiscal 2027 guidance across the board, lifting projections for revenue, comparable sales, earnings per share, and adjusted operating margins. Management cited strong first-half results and sustained positive momentum as drivers for the upward revision.

The computing category delivered a standout performance alongside mobile phones, signaling continued consumer demand for tech upgrades. Services revenue also contributed meaningfully to the comparable sales lift, reflecting Best Buy's ongoing push to diversify beyond pure product sales.