Latest Earnings Results: Q2 '26
Estimated EPS
$6.20
Reported EPS
$6.55
Surprise
+5.63%
Estimated Rev
$2.99B
Reported Rev
$3.04B
Surprise
+1.68%
• Reported GAAP EPS of $6.55 up 13.32% YoY • Reported revenue of $3.04B up 8.87% YoY • For fiscal 2026, Ulta Beauty raised its outlook to net sales growth of 6.7% to 7.2%, comparable sales growth of 3.2% to 3.7%, and diluted earnings per share of $28.70 to $29.00.
Bullish Takeaway
Ulta Beauty delivered 8.9% net sales growth, expanded operating margins to 12.5%, raised its fiscal 2026 guidance, and increased its annual stock repurchase plan to $1.8B.
Bearish Takeaway
Ulta Beauty faced gross margin compression to 39.1% driven by Space NK mix, a deceleration in comparable sales growth to 3.8%, and increased short-term debt to $339.6M.
Generated by Stocktwits using AI and company-reported earnings data for Q2 '26. This recap is intended to help readers understand the quarter quickly. Verify key figures in the linked source materials; the summary may contain errors and is not investment advice.
Historical Earnings
Quarterly
Annual
EPS
Revenue
| Fiscal Period | Estimated | Reported | Surprise | Result |
|---|---|---|---|---|
Q3 '26 | $5.71 | -- | -- | N/A |
Q2 '26 | $6.20 | $6.55 | 5.63% | BEAT |
Q1 '26 | $6.89 | $7.74 | 12.40% | BEAT |
Q4 '25 | $8.10 | $8.01 | -1.06% | MISSED |
Q3 '25 | $4.61 | $5.14 | 11.54% | BEAT |