# Best Buy Beats Q3 Earnings, But Profit Takes a Hit — Here's What Changed

Best Buy just dropped its Q3 results, and here's the mixed bag: profit tanked 49% YoY to $140M, but adjusted EPS came in hot at $1.40 vs analyst expectations of $1.31. Revenue? Solid 2.4% growth to $9.67B, beating the Street's $9.59B forecast.

The real news though — management is feeling optimistic about FY26. They just jacked up their full-year EPS guidance to $6.25-$6.35 (prior: $6.15-$6.30), which actually sits right where Wall Street is pricing it ($6.26 consensus). Revenue now pegged at $41.65B-$41.95B vs old range of $41.1B-$41.9B.

What's driving the optimism? Comparable sales are now expected to grow 0.5%-1.2% for the year — a major shift from their previous flat-to-down outlook of -1% to +1%. Q4 is still shaky though; they're guiding comps between -1% and +1%.

Other moves: Quarterly dividend staying at $0.95/share (payable Jan 6). Stock caught the earnings fade in premarket, down 1.3% to $74.64.

**Bottom line:** Weak near-term profits masked by stronger guidance and margin expectations. Retail trying to play offense heading into 2026.