lululemon athletica (LULU) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $2.92
- Estimate
- $1.79
- Surprise
- +63.3%
- Revenue (period 2026-08-02)
- $2.42B
- Score at report (before → after)
- 5.3 → 5.5/10
Revenue source: xbrl.
How the report landed
lululemon athletica (LULU) beat the $1.79 estimate with diluted EPS of $2.92 — a large 63.3% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.3/10) to Sell at 5.5/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates LULU Sell at 5.4/10.
4 of the last 4 quarters beat the estimate; this quarter's +63.3% surprise compares with a +21.4% four-quarter average. Next scheduled report: 2026-12-10.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.4 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Analyst target reached - limited upside remaining
- Sector modifier (Consumer Cyclical): -1.5
- Negative news sentiment (-0.56)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $96.90
- Price target
- $121.98
- Stop
- $92.80
- Upside to target
- +25.9%
Forward estimates sit below the trailing run-rate (11.2× forward vs 8.3× trailing) — consensus expects earnings to decline from here.
Model outputs from TrendMatrix’s engine as of 2026-09-17 — shown for context, not personalized investment advice.
LULU at TrendMatrix's latest read
Cyclical consumer names live and die on demand momentum — same-quarter comps and guidance carry more weight than the headline surprise.
- Industry
- Apparel Retail
- Market cap
- $10.89B
- P/E (fwd)
- 11.2
- P/E (ttm)
- 8.3
- 52-week range
- $95.67–$225.98
- Off 52-week high
- 57.1%
- RSI (14)
- 30
- Volume vs avg
- 0.53×
- Score today
- 5.4/10