WMT · Q2 FY2027
Walmart Inc. Q2 FY2027 earnings analysis
By SageNoodle ResearchNeutral
| Metric | Actual | Estimate | Result |
|---|---|---|---|
| Revenue | $187.94B | $177.40B (yr ago) | Beat |
| EPS | $0.80 | $0.88 (yr ago) | Miss |
| Free Cash Flow | N/M for this analysis | N/M (yr ago) | Miss |
| Gross Margin | Not disclosed | Not disclosed (yr ago) | Miss |
| Operating Margin | 5.0% pre-tax margin | 4.1% (yr ago) | Beat |
What changed
Revenue increased to $187.94 billion from $177.40 billion a year earlier, while the pre-tax margin improved to 5.0% from 4.1%. EPS nevertheless declined to $0.80 from $0.88, leaving a mixed quarter in which stronger sales and profitability did not translate into per-share growth.
Impact on the investment thesis
There was no prior SageNoodle fair value to revise, so this update establishes a $90 base-case value rather than recording a move. The margin improvement supports the operating thesis, but lower EPS and a 38.2x trailing P/E prevent a more generous valuation.