What changed
WSM printed Q2 FY26 adjusted EPS of $2.10, beating consensus of $2.06 by $0.04 (+2.0%). Revenue rose 6.7% YoY to $1.96B, with comparable brand revenue +6.2%. Management raised FY2026 guidance to revenue growth of 4.7%-7.2% and non-GAAP operating margin of 17.8%-18.2%. The beat was driven by strong execution across brands and channels, with every brand delivering growth despite housing market and macro headwinds.
Why it matters
WSM printed Q2 FY26 adjusted EPS of $2.10, beating consensus of $2.06 by $0.04 (+2.0%). Revenue rose 6.7% YoY to $1.96B, with comparable brand revenue +6.2%. Management raised FY2026 guidance to revenue growth of 4.7%-7.2% and non-GAAP operating margin of 17.8%-18.2%. The beat was driven by strong execution across brands and channels, with every brand delivering growth despite housing market and macro headwinds.