Archive · 20 Aug 2026
Walmart Shares Fall Despite Strong Q2 and Raised Outlook
Walmart said its sales and online shopping business grew in the second quarter.
Revenue reached $187.9 billion, which was 5.9% higher than a year earlier.
Online sales around the world increased 23%.
Flipkart Ads helped Walmart’s international advertising business grow 20%.
However, the timing of Flipkart’s Big Billion Days sale changed this year.
That change is expected to make Walmart’s third-quarter growth look weaker.
Investors reacted negatively, and Walmart’s shares dropped 8.7%.
Walmart still raised its forecasts for the full fiscal year because it expects the business to keep growing.
Walmart reported second-quarter revenue of $187.9 billion, up 5.9% year on year.
Global e-commerce sales rose 23%, while Walmart International’s advertising business grew 20%.
Flipkart Ads led Walmart International’s advertising growth, but Big Billion Days timing is expected to hurt Q3 sales growth by more than 100 basis points.
Walmart shares fell 8.7% after the results, their biggest one-day decline since July 2022.
Walmart raised its fiscal 2027 guidance, forecasting constant-currency sales growth of 4% to 5%.
- Who
- Walmart, including Walmart International and Flipkart Ads, reported the results; John David Rainey commented on the outlook.
- What
- Walmart reported second-quarter fiscal 2027 results, announced strong e-commerce and advertising growth, and raised its full-year guidance.
- When
- The results were reported on Thursday for the second quarter of fiscal 2027; the Big Billion Days timing is expected to affect the third quarter.
- Where
- Across Walmart’s United States and international businesses.
- Why
- The Big Billion Days sale shifted between the third and fourth quarters, creating a projected Q3 comparison headwind, while investors reacted negatively despite raised annual guidance.
- Q2 revenue
- $187.9 billion, up 5.9% year on year
- Global e-commerce growth
- 23% year on year
- Walmart International revenue
- $35.2 billion, up 12.8% year on year
- International advertising growth
- 20%, led by Flipkart Ads
- Share-price reaction
- Shares fell 8.7%, the biggest one-day decline since July 2022
- FY2027 sales guidance
- Constant-currency consolidated net sales growth of 4% to 5%
- Q3 sales outlook
- Constant-currency consolidated net sales growth of 3% to 3.75%