Target · Q1 2026 · May 20, 2026
Target (TGT) Q1 2026 Earnings: Is the Turnaround Finally Working?
A structured quarterly research file based on the earnings release and cited primary documents. Consensus, transcript, Q&A, and price-reaction fields are shown only when verified data are available.
Official Earnings ReleaseSnowballHare AnalysisStandard Research Page
Reported result
Reported result
Reported result
Reported result
Investment read
Net sales: $25.4B, +6.7% Y/Y Comparable sales: +5.6% The next research checkpoint is healthy, but not enough by itself if SG&A keeps rising.
Results check
Reported results
| Metric | Reported | YoY |
|---|---|---|
| Net sales | $25.4BNet sales: $25.4B, +6.7% Y/Y Source | — |
| Comparable sales | +5.6%Comparable sales: +5.6% Source | — |
| Gross margin | 29.0%Gross margin: 29.0% Source | — |
| Guidance | $7.50Guidance: FY sales around +4%; EPS near high end of $7.50-$8.50 Source | — |
| Store comparable sales | +4.7%Store comparable sales: +4.7% Source | — |
Investor focus
What investors are likely to focus on
Potential result drivers
- Net sales: $25.4B, +6.7% Y/Y
- Comparable sales: +5.6%
- Gross margin: 29.0%
- Guidance: FY sales around +4%; EPS near high end of $7.50-$8.50
- Store comparable sales: +4.7%
Verified after-hours, next-day, and benchmark-relative price data are not stored in this record. The factors above are research considerations, not a measured attribution of the stock move.
Next quarter
What to watch next
| Indicator | Current baseline | Next check | Source |
|---|---|---|---|
| Net sales | $25.4B | Clearly positive. Target showed real sales recovery. | Primary source |
| Comparable sales | +5.6% | The strongest signal that traffic and demand improved. | Primary source |
| Gross margin | 29.0% | Healthy, but not enough by itself if SG&A keeps rising. | Primary source |
| Guidance | $7.50 | Positive reset, but now expectations are higher. | Primary source |
| Store comparable sales | +4.7% | Useful evidence that the rebound was not only digital. | Primary source |
Primary documents
Sources and documents
FAQ
Reader questions
What did Target report for Net sales?
Net sales: $25.4B, +6.7% Y/Y
What did Target report for Comparable sales?
Comparable sales: +5.6%
What did Target report for Gross margin?
Gross margin: 29.0%