Costco Beats Revenue Estimates in Q2 FY2026 with $70.5B Sales
Costco (NASDAQ:COST) reported Q2 FY2026 revenue of $70.53 billion, exceeding analyst estimates and representing 11.6% YoY growth. GAAP EPS of $4.93 was in line with consensus.
Key Numbers
Membership-only retailer Costco (NASDAQ:COST) reported fiscal second-quarter 2026 results that topped revenue expectations, driven by strong customer traffic and membership renewals. Revenue came in at $70.53 billion, up 11.6% year over year, while GAAP earnings per share of $4.93 matched analyst estimates.
Key Financial Results
| Metric | Q2 FY2026 | Consensus Estimate | Change |
|---|---|---|---|
| Revenue | $70.53B | $69.80B (est.) | +11.6% YoY |
| GAAP EPS | $4.93 | $4.93 | In line |
Highlights from the Report
Costco attributed the revenue beat to higher foot traffic and comparable sales growth, particularly in food and essentials. Membership renewal rates remained high, contributing to recurring revenue stability.
Guidance
The company did not provide specific forward guidance but reiterated its focus on expanding its store footprint and enhancing supply chain efficiency.
Stock Impact
Costco shares traded relatively flat following the earnings release, as the EPS met expectations. The stock has gained over 20% year-to-date.
What This Means for Investors
Costco's results underscore the resilience of its membership model and ability to generate consistent revenue growth. However, the stock's premium valuation suggests investors are already pricing in strong performance, leaving limited upside without further earnings acceleration.
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