Best Buy said fiscal 2026 Q3 revenue was $9.7 billion and comparable sales grew 2.7%, while the first 9 months saw revenue of $27.9 billion and comparable sales growth of 1.2%. It cited growth in computing, gaming and mobile phones, partially offset by declines in home theater, appliances and drones.

10-QQuarterly reportFiled Dec 5, 2025Period of report Nov 1, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Best Buy said fiscal 2026 Q3 revenue was $9.7 billion and comparable sales grew 2.7%, while the first 9 months saw revenue of $27.9 billion and comparable sales growth of 1.2%. It cited growth in computing, gaming and mobile phones, partially offset by declines in home theater, appliances and drones.
Best Buy said goodwill and intangible asset impairments in fiscal 2026 Q3 and the first 9 months were related to Best Buy Health. The company said a change in Best Buy Health's customer base during Q3 resulted in an impairment review of all Best Buy Health assets, with downward revisions of revenue growth rates and margin rates compared to previous projections.
Best Buy cited goodwill and intangible asset impairments as the primary driver of the decrease in fiscal 2026 Q3 operating income rate and diluted EPS. For the first 9 months, the company also cited increased restructuring charges.
Best Buy entered into a 5-year senior unsecured revolving credit facility of $1.25 billion on April 18, 2025, expiring in April 2030. As of November 1, 2025, there were no borrowings outstanding, and the company had notes with principal amounts of $500 million maturing on October 1, 2028 and $650 million maturing on October 1, 2030.

Key figures

Quarter ended November 1, 2025

Revenue: $9.7B
Operating income: $198M
Net income: $140M
EPS: $0.66
Gross profit: $2.2B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Revenue and Comparable Sales Growth

Best Buy said fiscal 2026 Q3 revenue was $9.7 billion and comparable sales grew 2.7%, while the first 9 months saw revenue of $27.9 billion and comparable sales growth of 1.2%. It cited growth in computing, gaming and mobile phones, partially offset by declines in home theater, appliances and drones.

Source · Based on the MD&A text of the filing

Best Buy Health Goodwill and Intangible Asset Impairments

Best Buy said goodwill and intangible asset impairments in fiscal 2026 Q3 and the first 9 months were related to Best Buy Health. The company said a change in Best Buy Health's customer base during Q3 resulted in an impairment review of all Best Buy Health assets, with downward revisions of revenue growth rates and margin rates compared to previous projections.

Source · Based on the MD&A text of the filing

Operating Income Rate and Diluted EPS Decline Drivers

Best Buy cited goodwill and intangible asset impairments as the primary driver of the decrease in fiscal 2026 Q3 operating income rate and diluted EPS. For the first 9 months, the company also cited increased restructuring charges.

Source · Based on the MD&A text of the filing

Credit Facility and Debt Position

Best Buy entered into a 5-year senior unsecured revolving credit facility of $1.25 billion on April 18, 2025, expiring in April 2030. As of November 1, 2025, there were no borrowings outstanding, and the company had notes with principal amounts of $500 million maturing on October 1, 2028 and $650 million maturing on October 1, 2030.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.