Walmart Earnings Preview: The Flywheel Is Still Flywheelin' But Ultimately, Operating Margin Needs To Improve

Walmart reports their fiscal Q2 ’27 before the opening bell on Thursday, August 20th, 2026. Current consensus per the LSEG data is expecting $0.74 in EPS on $186.8 in revenue for expected y-o-y growth of 5% and 8.8%, respectively. Walmart’s longer-term revenue and EPS growth expectations of 5% (revenue) and high single- or low double-digit remain unchanged. Walmart’s operating margin is still stuck around 4.5%, even though I’d hoped it would be over 5% by now. Walmart ( WMT ) reports their fiscal Q2 ’27 before the opening bell on Thursday, August 20th, 2026. Current consensus per the LSEG data is expecting $0.74 in EPS on $186.8 in revenue for expected y-o-y growth of 5% and 8.8%, respectively.