Takeaways for Walmart's Q1 Earnings in 2026
- Anticipated first-quarter results from Walmart (WMT) will be unveiled early Thursday, with analysts buzzing about the retail titan's potential dominance amid tariff woes.
- The consensus among 19 analysts indexed by Visible Alpha is that Walmart's stock is a "buy," way up from last quarter's 20 "buy" and 1 "hold." The average price target rests at $110.79, $14.74 above the recent close and well above the 2026 high of $105.05 on Feb 13.
- revenue of $165.96 billion is predicted, accompanied by a slight dip in adjusted EPS to 58 cents, down 2 cents compared to the same quarter last year.
Walmart's Stock Outlook by Financial Experts Before Earnings Release
Ah, the retail emancipator, Walmart! Expected to toss its quarterly results into the digital dovecote before the market starts its machinations early Thurs-ay. Analysts, some like cats with cream, anticipate great things from this heavyweight.1
You have 19 analysts in your petting zoo, all singing the praises of Walmart stock as a choice cut of meat. Name a list, here they come: 19 buy ratings versus the previous quarter's 20 buy and 1 hold, all tracked by Visible Alpha. The average price target is a rotund $110.79, a solid 14% beefier than the recent close and bumping into its high-water mark of $105.05 on Feb. 13.
Now, if we were to dig into the numbers, we'd find: a near 3% bump in revenue, bringing it up to $165.96 billion, and a slight slide in adjusted EPS, a two-cent dip compared to the same ol' Q1 '25, settling at a comfortable 58 cents.2
A Q1 Solid as a Rock, but a Blurry Full-Year Future
Morgan Stanley and Oppenheimer had no qualms about sharing their thumbs-up ratings in their Q1 preview crib notes for Walmart. Oppenheimer even racked up the stakes, pushing their price target to an impressive $110 from a more modest $100, while Morgan Stanley stood firm with a target price of $115.
It's a bit of a tricky balancing act for Oppenheimer - they're cozying up to Walmart, hoping it will catch the crafty paws of weakness in the upcoming report, versus leaping boldly for a big ol' catalyst. They reason that subdued expectations could cause an immediate price slump following the Q1 report.
Morgan Stanley, on the other hand, sees Walmart as the belle of the ball during these tariff tango times. The analysts declared Walmart as the king of the jungle in their coverage pack, offering its scale, supply chain advantages, category mix, and price gaps as reasons for its incredible adaptability in the face of tariffs. They also predicted that Walmart will broaden its full-year outlook parameters.
In February, Walmart kept its 3-4% sales growth target for Q1, but expansive tariff uncertainties led to a widening range of outcomes for operating income growth. Walmart out-performed expectations in the last quarter but fell short of forecasts, resulting in a dip in share price.
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Insights for Q1 Earnings 2026 Walmart (WMT)
- The actual adjusted EPS for the Q1 FY2026 was $0.61, a $0.03 jump over analyst forecasts of $0.58[1][4].
- The revenue for WMT was recorded at $165.61 billion, spiking 4% compared to the same quarter last year[1][4].
Walmart's Q1 earnings in 2026 show a surge in revenue, with the company reporting $165.61 billion, a 4% increase from the same quarter last year. The finance sector, particularly investors, are keen on the retail giant's success, as reflected in the 19 analysts' buy ratings for Walmart stock, a significant move from the previous quarter's 20 buy and 1 hold ratings. These analysts see promising potential in Walmart's business strategies amid tariff woes.
