Walmart 2026 Q3 Earnings Net Income Surges 29.1% as Revenue Rises 5.8%

Walmart (WMT) delivered robust Q3 2026 results, surpassing expectations with 5.8% revenue growth and a 29.1% jump in net income. The company raised full-year sales guidance to 4.8%-5.1%, reflecting confidence in its strategic initiatives and operational resilience.

Revenue

Total revenue climbed to $177.77 billion in Q3 2026, up 5.8% year-over-year. U.S. operations drove the bulk of the revenue with $120.68 billion, while International sales surged by 10.8% to $33.54 billion. Sam’s Club contributed $23.55 billion, reflecting a 3.1% year-over-year increase. The performance was bolstered by strong e-commerce growth (27% globally) and market share gains in grocery and general merchandise.

Earnings/Net Income

Earnings per share (EPS) rose 35.1% to $0.77, outpacing the $0.57 in Q3 2025. Net income reached $6.09 billion, a 29.1% increase from $4.71 billion. The EPS growth underscores Walmart’s robust profitability and efficient cost management.

Post-Earnings Price Action Review

The strategy of purchasing Walmart shares upon its quarterly earnings release and holding for 30 days yielded a 20.5% return over 27 quarters, with cumulative gains of 92.5%. While the average quarterly return was 3.2%, volatility persisted, marked by a -6.4% dip in Q1 2023. The approach benefited from Walmart’s dividend yield and strategic investments in AI and e-commerce, though returns remained sensitive to macroeconomic factors like inflation and supply chain disruptions.

CEO Commentary

CEO Doug McMillon highlighted 5.9% sales growth in constant currency and 8% adjusted operating income growth, driven by e-commerce expansion and inventory optimization. Incoming CEO John Furner emphasized confidence in Walmart’s mission and readiness for leadership transition.

Guidance

Walmart raised full-year 2026 sales guidance to 4.8%-5.1% (constant currency), with Q4 sales growth projected at 3.75%-4.75%. Operating income guidance stands at 4.8%-5.5%, and adjusted EPS is targeted at $2.58-$2.63.

Additional News

Walmart announced a stock listing transfer from NYSE to Nasdaq, effective December 9, 2025, signaling alignment with tech-driven markets. Meanwhile, Vice President Daniel Bartlett sold $167,205 worth of shares via a prearranged trading plan. The company also reiterated confidence in its AI and automation initiatives to sustain growth amid inflationary pressures.

Additional News

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