Best Buy (electronics retailer)Bǎisīmǎi百思买first quarterdì yī jìdù第一季度financial results / performanceyèjī业绩to exceed / to surpasschāochū超出expectations / forecastsyùqī预期,stock pricegǔjià股价to surge / to rise sharplydà zhǎng大涨。
May 30, 2026 at 6:00 PM
New Words
News in English
BusinessBest Buy Q1 2026 Results Beat Forecasts as Stock Surges More Than 10 Percent
Best Buy Q1 2026 revenue reached $8.94 billion, beating forecasts, with adjusted EPS of $1.28 and comparable sales up 2 percent year-over-year.
United States electronics retailer Best Buy released its fiscal year 2026 first quarter financial results on May 29. The company's quarterly revenue was 8.94 billion dollars, exceeding analyst forecast of 8.81 billion dollars. Comparable sales grew 2 percent in the same period, with gaming, computers, and mobile phones being the main growth sources. Adjusted earnings per share was 1.28 dollars, higher than market expectations of 1.22 dollars. Following the financial report release, Best Buy's stock price rose more than 10 percent during trading. The company maintains full-year performance guidance, expecting full-year revenue between 41.2 billion to 42.1 billion dollars.
More in Business
MomentaMóméng tǎ摩蒙塔Hong KongXiānggǎng香港listedshàngshì上市fundraisingróngjī融资$752 million7.52 yì měiyuán7.52亿美元
Chinese Autonomous Driving Firm Momenta Debuts on Hong Kong Stock Exchange with 752 Million Fundraise
Samsung (South Korean electronics company)Sānxīng三星、SK Hynix (South Korean memory chipmaker)SK HǎilìshìSK海力士and / together withyǔ与Micron (US semiconductor company)Měiguāng美光to race to / to vie injìngxiāng竞相to expand / to increasekuòdà扩大AI / artificial intelligenceAIAImemory (computing)nèicún内存chip / semiconductor chipxīnpiàn芯片production capacitychǎnnéng产能。
Samsung, SK Hynix and Micron Race to Expand AI Memory Chip Capacity
ChinaZhōngguó中国artificial intelligenceréngōng zhìnéng人工智能companygōngsī公司MiniMax (Chinese AI company)MiniMaxMiniMaxto completewánchéng完成$2 billionèrshí yì měiyuán二十亿美元fundraising / financingróngzī融资。
Chinese AI Firm MiniMax Raises 2 Billion Dollars in Hong Kong Share Sale
PepsiCoBǎishì Gōngsī百事公司earnings / performanceyèjī业绩lower than / belowdīyú低于expectation / forecastyùqī预期,the United StatesMěiguó美国stock marketgǔshì股市slightly / marginallyxiǎofú小幅to rise / to increaseshàngzhǎng上涨。
PepsiCo Earnings Disappoint as US Stocks Edge Higher