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
- Reported 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 diluted 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 Hold 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)
What argues against it
- Concentration risk — Supplier: top ten brand partners (51.0%)
- Thin upside margin: 8.4%
- Negative momentum
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
- $517.11
- Price target
- $561.19
- Stop
- $481.28
- Upside to target
- +8.5%
- Reward-to-risk
- 1.1:1
At 18.9× trailing and 16.1× forward earnings, consensus estimates imply little change in earnings power.
Risk check: trading volume is running 2.4× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-08-30 — 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
- $22.25B
- P/E (fwd)
- 16.1
- P/E (ttm)
- 18.9
- 52-week range
- $443.60–$714.97
- Off 52-week high
- 27.7%
- RSI (14)
- 40
- Volume vs avg
- 2.37×
- Score today
- 5.8/10