# Target (TGT) — Earnings

TGT · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/tgt/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2027 |
| Period end | Aug 1, 2026 |
| EPS actual | $4.11 |
| EPS estimate | $2.35 |
| EPS surprise | +75.21% |
| Revenue surprise | +1.56% |
| Revenue | $26.5B |
| Revenue estimate | $26.1B |
| Reported | Aug 19, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/27419/000002741926000042/tgt-20260801.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/e06d1824-b91a-4a6b-5e3a-220b90e32bcb.html) |

Target reported fiscal Q2 2027 results on August 19, 2026. Earnings per share were $4.11, ahead of the $2.35 estimate by 75.21%. Revenue was $26.5 billion, 1.56% above the $26.1 billion consensus. Compared with Q2 2026, EPS roughly doubled from $2.05 and revenue rose about 5% from $25.2 billion. Both the $4.11 and the size of the beat are the highest in the table.

The longer record swings widely. Annual EPS was $6.01 in fiscal 2023, rose to $8.93 in fiscal 2024, then eased to $8.86 in 2025 and $7.57 in 2026. The first two quarters of fiscal 2027 add up to $5.82, about 74% more than the same period a year earlier. The low in the table was Q2 2023, at $0.39 per share. Q4 is the largest revenue quarter of each full year shown, peaking at $31.9 billion in Q4 2024. Over the last 20 quarters, Target beat the EPS estimate 14 times and missed 6 times.

Target reported fiscal Q3 between November 15 and November 20 in each of the past five years. That points to mid- to late November 2026 for the next report. It will show whether EPS stays well above year-earlier levels.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2027 | Aug 19, 2026 | $2.35 | $4.11 | 75.21% | $26.1B | $26.5B |
| Q1 2027 | May 20, 2026 | $1.47 | $1.71 | 16.71% | $24.7B | $25.4B |
| Q4 2026 | Mar 3, 2026 | $2.14 | $2.44 | 14.10% | $30.5B | $30.5B |
| Q3 2026 | Nov 19, 2025 | $1.71 | $1.78 | 4.18% | $25.3B | $25.3B |
| Q2 2026 | Aug 20, 2025 | $2.04 | $2.05 | 0.73% | $24.9B | $25.2B |
| Q1 2026 | May 21, 2025 | $1.56 | $1.30 | -16.73% | $24.1B | $23.8B |
| Q4 2025 | Mar 4, 2025 | $2.27 | $2.41 | 6.20% | $30.8B | $30.9B |
| Q3 2025 | Nov 20, 2024 | $2.30 | $1.85 | -19.48% | $25.9B | $25.7B |
| Q2 2025 | Aug 21, 2024 | $2.18 | $2.57 | 17.71% | $25.2B | $25.5B |
| Q1 2025 | May 22, 2024 | $2.05 | $2.03 | -1.11% | $24.5B | $24.5B |
| Q4 2024 | Mar 5, 2024 | $2.43 | $2.98 | 22.59% | $31.9B | $31.9B |
| Q3 2024 | Nov 15, 2023 | $1.47 | $2.10 | 42.47% | $25.3B | $25.4B |
| Q2 2024 | Aug 16, 2023 | $1.43 | $1.80 | 25.79% | $25.2B | $24.8B |
| Q1 2024 | May 17, 2023 | $1.77 | $2.05 | 16.06% | $25.3B | $25.3B |
| Q4 2023 | Feb 28, 2023 | $1.40 | $1.89 | 34.74% | $30.7B | $31.4B |
| Q3 2023 | Nov 16, 2022 | $2.16 | $1.54 | -28.72% | $26.4B | $26.5B |
| Q2 2023 | Aug 17, 2022 | $0.72 | $0.39 | -45.51% | $26.0B | $26.0B |
| Q1 2023 | May 18, 2022 | $3.07 | $2.19 | -28.63% | $24.5B | $25.2B |
| Q4 2022 | Mar 1, 2022 | $2.85 | $3.19 | 12.04% | $31.3B | $31.0B |
| Q3 2022 | Nov 17, 2021 | $2.82 | $3.03 | 7.28% | $24.6B | $25.7B |

## Frequently Asked Questions

### When did Target (TGT) last report earnings?

Target last reported on Aug 19, 2026, covering fiscal Q2 2027.

### Did TGT beat earnings estimates?

Yes. Target reported EPS of $4.11 for Q2 2027 against a $2.35 estimate — a 75.21% beat.

### How much revenue did TGT report last quarter?

Target reported $26.5B in revenue for Q2 2027, against a consensus estimate of $26.1B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).