WMT · Full Picture

Walmart Inc. — the full picture

Earnings window · 2026-05-29 to 2026-11-09 · 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. Capital Expenditures and Guidance · Capital expenditurePriority 87
    -8.7% cash; 3 sources (news, press_release, sec_filing); 5 forward row(s); structured_verified
    Capital expenditures guidance updated to approximately 4.0% of net sales as of 8.20.2026
  2. Guidance / Outlook · Guidance & outlookPriority 83
    +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.
  3. Capital Return Program · Buybacks & dividendsPriority 77
    -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. Supply Chain Automation Expansion · Supply chain & operationsPriority 64
    -1.7% cash; 3 sources (news, press_release, sec_filing); 3 forward row(s); quote_verified
    Walmart's multiyear agreement with Symbotic includes an initial spending commitment of approximately $6 billion.
  6. E-commerce and Omnichannel Growth · UnclassifiedPriority 63
    +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.
  7. Market Demand Trends · Demand, orders & backlogPriority 58
    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.
  8. Digital Channel and Delivery Growth · Customers & concentrationPriority 56
    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
  9. Operating Expense Trends · Operating expenses (SG&A)Priority 55
    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. Operating Income and Margins · Operating income & profitabilityPriority 55
    -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.
  11. Trade Policy and Tariffs · Tariffs & trade policyPriority 55
    -1.4% operating_income; 3 sources (news, press_release, sec_filing); 2 forward row(s); quote_verified
    Walmart said it will use a $2.9 billion tariff refund to implement price cuts for consumers.
  12. Geographic Market Commentary · Geographic mixPriority 54
    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.

Threads by pillar

Revenue & Demand Priority 90 · 18 threads

Costs & Margins Priority 87 · 11 threads

Capital & Balance Sheet Priority 96 · 9 threads

Strategy & Portfolio Priority 70 · 15 threads

Legal, Regulatory & Policy Priority 73 · 13 threads

Guidance & Outlook Priority 83 · 1 thread

Macro & Market Conditions Priority 56 · 9 threads

Management & Governance Priority 20 · 1 thread

Shareholders & Street Priority 20 · 1 thread

Unclassified Priority 91 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
cash-17.9%+19.6%+0.4%
revenue+19.4%+19.4%+16.1%
operating_income-1.0%+3.5%-2.1%
liability-2.3%+2.3%-4.0%
assets+1.0%+1.0%+4.8%
net_income-0.1%+0.1%+0.5%