Revenue $2.42B, down 4.3% on a year earlier. Diluted EPS $2.92 against $3.10.
| Q2 FY26 | Q1 FY26 | Q2 FY25 | Year over year | |
|---|---|---|---|---|
| Revenue | $2.42B | $2.47B | $2.53B | -4.3% |
| Operating income | $453.65M | $276.95M | $523.81M | -13.4% |
| Net income | $329.22M | $195.05M | $370.90M | -11.2% |
| Diluted EPS | $2.92 | $1.69 | $3.10 | |
| Operating cash flow | $374.84M | $214.44M | $328.68M | +14.0% |
| Capital expenditures | -$149.68M | -$127.38M | -$177.90M | |
| Free cash flow | $225.16M | $87.06M | $150.78M | +49.3% |
| Q2 FY26 | Q2 FY25 | Year over year | |
|---|---|---|---|
| Comparable sales growth | -9% | 1% | |
| Net revenue growth | -4.34% | 6.5% | |
| Number of stores open at end of quarter | 825 | 784 | +5.2% |
| Comparable sales constant dollar growth | -10% | 1% | |
| Total comparable sales constant dollar growth | -10% | 1% | |
| Americas comparable sales growth | -12% | -4% | |
| International comparable sales growth | -3% | 15% | |
| Net revenue constant dollar growth | -5% | 6% |
| Period | Measure | Guided | Reported | Result |
|---|---|---|---|---|
| Q2 FY26 | Diluted EPS | $1.76 to $1.81 | $2.92 | above |
| Q2 FY26 | Revenue | $2.45B to $2.48B | $2.42B | below |
The week's biggest guidance misses, KPI surprises and one chart.
Stock Atlas, “lululemon athletica (LULU) Q2 FY26 earnings: results and KPIs”, stockatlas.com/companies/LULU/earnings/2026-q2/, data as of 3 November 2026. Links to this page are welcome.
