US consumer electronics giant Best Buy raised its full-year outlook for the fiscal year ending January 2027. Revenue was raised to $42.3-$42.8 billion and adjusted EPS to $6.70-$6.90, driven by growing demand to replace devices equipped with AI.
US consumer electronics giant Best Buy raised its full-year earnings outlook for the fiscal year ending January 2027 on the 27th. Revenue was raised to $42.3-$42.8 billion from the previous forecast of $41.2-$42.1 billion, while adjusted EPS was raised to $6.70-$6.90 from $6.30-$6.60.
The company cited strong demand to replace PCs and smartphones equipped with AI, as well as expected expansion in new businesses.
According to reports, rising demand for AI supported the improved earnings outlook, while growth in new businesses such as advertising and its marketplace is also expected.
The article highlighted stocks related to PC peripherals and IT equipment, including Applied, ELECOM, BUFFALO, HYPER, Pacific Net and AKIBA Holdings, which are likely to attract attention.