Lowe's Q2 10-Q: $80M Tariff Refund, EPA Consent Decree Finalized, $367M Buyback
LOW is trading near its 52-week low of $199.4 (3.7% above the low).
Summary
Lowe's Q2 10-Q confirms prior results and adds an $80M tariff refund, finalization of the EPA lead-practices consent decree, and $367M in buybacks. Stock trades near 52-week lows amid weak DIY demand.
Key Events · Earnings and Guidance · LOW
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Q2 Results Confirmed
Net sales of $25.96 billion (up 8.3% YoY), adjusted diluted EPS of $4.40, and comparable sales up only 0.2% — driven by a 2.3% higher average ticket offset by a 2.1% decline in transactions.
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$80M Tariff Refund Recognized
Lowe's recognized approximately $80 million pre-tax of IEEPA tariff refunds in Q2 2026 following the Supreme Court's February 2026 ruling; future refund amounts and timing remain uncertain.
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EPA Consent Decree Finalized
The second consent decree resolving the lead-safe practices investigation was approved by the District Court on July 8, 2026, with a $12.5 million civil penalty; the decree is now final.
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$367M Share Repurchases
Lowe's repurchased 1.5 million shares for $367 million in H1 2026 at an average price of $243.42; $10.5 billion remains under the repurchase authorization.
Analysis · LOW · Trade & Services
Lowe's formal 10-Q confirms the Q2 results first reported on August 19 — net sales of $25.96 billion (up 8.3%), adjusted EPS of $4.40, and comparable sales up just 0.2%. The filing adds material new detail: an $80 million pre-tax IEEPA tariff refund recognized in the quarter, finalization of the second EPA consent decree (approved July 8, 2026) resolving the lead-safe practices investigation with a $12.5 million civil penalty, and $367 million in share repurchases during the first half. The stock trades near its 52-week low at $206.75, reflecting persistent pressure on discretionary DIY demand and a cut to full-year guidance. The tariff refund is a one-time benefit that flatters Q2 earnings; the consent decree removes a long-running legal overhang but adds compliance obligations.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, LOW was trading at $206.75 on NYSE in the Trade & Services sector, with a market capitalization of approximately $115.9B. The 52-week trading range was $199.40 to $293.06. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.