BEST BUY CO., INC. FY 2026 10-K, explained in plain English

Key financials — as reported

Total revenue	$41.7B
Gross margin	22.5%
Operating income	$1.4B
Net income	$1.1B
Diluted EPS	$5.04
Cash & equivalents	$1.7B
Total assets	$14.7B
Long-term debt	$1.2B

Key takeaway

Best Buy reported $41.69 billion in revenue and $1.069 billion net income for fiscal 2026, operating 1,068 stores in the U.S. and Canada.

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Beneath the surface

The $171 million goodwill/intangible impairment and $21 million long-lived asset impairment together reduced operating income by roughly $192 million, an unusual drag not obvious from the headline operating income figure.

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