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LOWES COMPANIES INC

For the period ended May 1, 2026. Filed May 28, 2026.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

May 1, 2026 · Filed May 28, 2026

LOW$224.55-1.2%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended May 1, 2026

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to ______

Commission File Number 1-7898

LOWE’S COMPANIES, INC.

(Exact name of registrant as specified in its charter)

North Carolina56-0578072
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
1000 Lowes Blvd., Mooresville, NC28117
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code:(704) 758-1000
Former name, former address and former fiscal year, if changed since last report: Not Applicable

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.50 per shareLOWNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒ No

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

CLASSOUTSTANDING AT 5/26/2026
Common Stock, $0.50 par value560,707,041

LOWE’S COMPANIES, INC.

  • TABLE OF CONTENTS -
Page No.
Forward-Looking Statementsii
PART I - Financial Information1
Item 1.Financial Statements1
Consolidated Statements of Earnings1
Consolidated Statements of Comprehensive Income1
Consolidated Balance Sheets2
Consolidated Statements of Shareholders’ Deficit3
Consolidated Statements of Cash Flows4
Notes to Consolidated Financial Statements5
Note 1: Summary of Significant Accounting Policies5
Note 2: Acquisitions5
Note 3: Revenue6
Note 4: Restricted Investments8
Note 5: Fair Value Measurements8
Note 6: Goodwill and Intangible Assets8
Note 7: Accounts Payable10
Note 8: Debt11
Note 9: Derivative Instruments12
Note 10: Shareholders’ Deficit12
Note 11: Earnings Per Share12
Note 12: Supplemental Disclosure13
Note 13: Segment Information13
Report of Independent Registered Public Accounting Firm16
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations17
Item 3.Quantitative and Qualitative Disclosures about Market Risk22
Item 4.Controls and Procedures22
PART II - Other Information24
Item 1.Legal Proceedings24
Item 1A.Risk Factors24
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds24
Item 5.Other Information24
Item 6.Exhibits25
Signature26

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