WMT · Full Picture

Walmart Inc. — the full picture

Earnings window · 2026-05-29 to 2026-09-24 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Guidance / Outlook · Guidance & outlookPriority 82
    +18.3% revenue; 3 sources (news, press_release, sec_filing); 12 forward row(s); quote_verified
    Management reaffirmed FY 2027 guidance, projecting 3.5%-4.5% net sales growth and $2.75-$2.85 adjusted EPS.
  2. Capital Expenditures and Guidance · Capital expenditurePriority 81
    -8.7% cash; 3 sources (news, press_release, sec_filing); 2 forward row(s); structured_verified
    Capital expenditures guidance updated to approximately 4.0% of net sales as of 8.20.2026
  3. Capital Return Program · Buybacks & dividendsPriority 81
    -7.3% cash; 2 sources (press_release, sec_filing); 3 forward row(s); structured_verified
    In February 2026, the Company approved a new $30 billion share repurchase program which replaced the previous program beginning February 23, 2026; as of April 30, 2026, $28.2 billion remained authorized under the current program.
  4. Revenue Performance and Mix · Revenue growth & mixPriority 71
    3 sources (news, press_release, sec_filing); 4 forward row(s); quote_verified
    Walmart reported Q2 fiscal 2027 adjusted EPS of $0.81 and revenue of $187.94 billion, representing a 5.9% year-over-year increase in revenue.
  5. E-commerce and Omnichannel Growth · UnclassifiedPriority 68
    +13.4% revenue (realized); 2 sources (news, sec_filing); quote_verified
    Walmart reported e-commerce sales up 24% and said e-commerce now makes up over 23% of its U.S. business mix.
  6. Market Demand Trends · Demand, orders & backlogPriority 65
    3 sources (news, press_release, sec_filing); 1 forward row(s); quote_verified
    Walmart reported mid-single-digit grocery growth expectation as shoppers prioritize affordability and the company cut prices on items including ground beef, groceries, fashion and school supplies.
  7. Operating Income and Margins · Operating income & profitabilityPriority 63
    -3.7% operating_income (realized); 3 sources (news, press_release, sec_filing); structured_verified
    Other gains and losses were net losses of $1.2 billion and $0.9 billion for the three and six months ended July 31, 2026, respectively, compared to net gains of $2.7 billion and $2.1 billion for the same periods in the previous fiscal year.
  8. Geographic Market Commentary · Geographic mixPriority 58
    2 sources (press_release, sec_filing); quote_verified
    Walmart International net sales were $35,198 million and $70,308 million for the three and six months ended July 31, 2026, respectively.
  9. Operating Expense Trends · Operating expenses (SG&A)Priority 58
    2 sources (press_release, sec_filing); quote_verified
    Operating expenses were $39,750 million and $76,950 million for the three and six months ended July 31, 2026, respectively.
  10. Digital Channel and Delivery Growth · Customers & concentrationPriority 55
    3 sources (news, press_release, sec_filing); 1 forward row(s); quote_verified
    Company expects a Q3 headwind of over 100 bps to sales growth related to a timing shift of Flipkart’s Big Billion Days between Q3 and Q4
  11. Liquidity and Debt Position · Debt, leverage & refinancingPriority 55
    +5.0% cash (realized); structured_verified
    Walmart renewed and extended its existing 364-day revolving credit facility of $10.0 billion and its five-year credit facility of $5.0 billion in April 2026.
  12. Supply Chain and Inventory · Supply chain & operationsPriority 55
    3 sources (news, press_release, sec_filing); 1 forward row(s); quote_verified
    Walmart Canada developed a proprietary AI-powered 'storm rerouting agent' that cross-references weather forecasts with real-time closures and operational data to mitigate transportation disruptions and help ensure product availability.

Threads by pillar

Revenue & Demand Priority 90 · 16 threads

Costs & Margins Priority 84 · 10 threads

Capital & Balance Sheet Priority 94 · 9 threads

Strategy & Portfolio Priority 66 · 15 threads

Legal, Regulatory & Policy Priority 71 · 12 threads

Guidance & Outlook Priority 82 · 1 thread

Macro & Market Conditions Priority 53 · 8 threads

Management & Governance Priority 21 · 1 thread

Shareholders & Street Priority 25 · 1 thread

Unclassified Priority 91 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
revenue+18.3%+18.3%+16.1%
cash-15.9%+17.6%+0.4%
assets+9.5%+9.5%+4.8%
operating_income-1.0%+3.5%-2.1%
net_income-0.1%+0.1%+0.5%
liability——-4.0%