Ulta Beauty (ULTA) 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
- Adjusted EPS
- $6.55
- Estimate
- $6.20
- Surprise
- +5.6%
- Revenue (period 2026-08-01)
- $3.04B
- Score at report (before → after)
- 5.8 → 5.8/10
Revenue source: xbrl.
How the report landed
Ulta Beauty (ULTA) beat the $6.20 estimate with adjusted EPS of $6.55 — a clear 5.6% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.8/10) to Hold at 5.8/10 after the report.
Coverage in the report window
- UBS Maintains Buy on Ulta Beauty, Lowers Price Target to $710 — benzinga, 2026-08-28
Where TrendMatrix's rating stands now
TrendMatrix currently rates ULTA Sell at 5.8/10.
3 of the last 4 quarters beat the estimate; this quarter's +5.6% surprise compares with a +7.3% four-quarter average. Next scheduled report: 2026-12-03.
What supports the rating
- Strong earnings beat streak (3/4)
- Positive momentum
What argues against it
- Concentration risk — Supplier: top ten brand partners (51.0%)
- Analyst target reached - limited upside remaining
- Sector modifier (Consumer Cyclical): -1.5
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
- $570.37
- Price target
- $655.93
- Stop
- $542.43
- Upside to target
- +15.0%
At 20.6× trailing and 17.6× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-10-09 — shown for context, not personalized investment advice.
ULTA 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
- Specialty Retail
- Market cap
- $24.12B
- P/E (fwd)
- 17.6
- P/E (ttm)
- 20.6
- 52-week range
- $443.60–$714.97
- Off 52-week high
- 20.2%
- RSI (14)
- 58
- Volume vs avg
- 0.85×
- Score today
- 5.8/10