Costco Reports Strong Q2 Earnings
Costco (NASDAQ: COST) announced a revenue increase of 9.2% for the second quarter of fiscal 2026, totaling nearly $70 billion. Ending February 15, 2026, the company’s earnings exceeded $2 billion, marking a 14% rise year-over-year. This consistent growth over the past five years, with shares up more than 210%, has led to speculation about the stock potentially reaching $1,500 per share, although its current P/E ratio of 54 compared to rivals like Walmart suggests challenges ahead for achieving that price point.
With 634 of its 924 warehouses located in the U.S., Costco benefits from continued expansion possibilities in midsize and large metropolitan areas that lack a Costco presence. Analysts forecast 8.4% revenue growth for the current fiscal year, indicating strong foundational performance amid an uncertain economic landscape.
