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 Hold at 5.7/10.
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 news sentiment (+1.00)
What argues against it
- Concentration risk — Supplier: top ten brand partners (51.0%)
- Thin upside margin: 4.9%
- 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
- $540.95
- Price target
- $567.58
- Stop
- $507.50
- Upside to target
- +4.9%
- Reward-to-risk
- 0.7:1
At 19.3× trailing and 16.9× forward earnings, consensus estimates imply little change in earnings power.
Risk check: trading volume is running 1.6× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-09-19 — 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
- $23.25B
- P/E (fwd)
- 16.9
- P/E (ttm)
- 19.3
- 52-week range
- $443.60–$714.97
- Off 52-week high
- 24.3%
- RSI (14)
- 60
- Volume vs avg
- 1.59×
- Score today
- 5.7/10