Lowes Companies Inc LOW

Revenue Intelligence Report • 69 quarters of SEC filing data • Updated 2026-03-06

Lowes Companies Inc demonstrates a strong correlation between its selling, general, and administrative (SG&A) spending and revenue growth, with a 1% increase in SG&A leading to a 1.61% rise in revenue, indicating effective allocation of resources. The company's recent quarterly revenue of $20.8 billion reflects its resilience, supported by a robust model that has shown a low mean absolute percentage error of 4.3% in forecasts. Looking ahead, the fiscal year forecast anticipates stable revenue of $84 billion, suggesting a cautious yet steady outlook in a competitive retail environment. Investors can expect a consistent return on investment as the company continues to optimize its operational expenditures to drive sales growth.

Next FY Revenue
$84.26B
+0.0% YoY
SG&A Elasticity
1.61x
Model Accuracy
4.3% MAPE
Holdout validation: The model predicted $20B vs the actual $21B — an error of 1.9%.
Note: Lowes Companies Inc does not report R&D expenses separately. This analysis uses SG&A spending only.

Revenue Forecast

LOW Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $20B $21B $18B – $23B +1.3% ✓ In range
Q1 2026 $19B $16B – $22B +1.0%
Q2 2026 $21B $17B – $26B +2.0%
Q3 2026 $23B $19B – $30B -2.4%
Q4 2026 $21B $16B – $27B -0.2%

How Spending Drives Revenue

LOW Spending Timing
Reading this chart: Each line shows the cumulative elasticity — how a 1% increase in spending translates to revenue growth over subsequent quarters. The effect builds over 4-5 quarters as investments compound.

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