Best Buy raises earnings outlook as demand for AI-enabled devices drives replacement purchases

U.S. consumer electronics giant Best Buy raised its full-year revenue outlook for the fiscal year ending January 2027 from $41.2-$42.1 billion to $42.3-$42.8 billion. Demand for replacements of AI-enabled devices is providing a tailwind.

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The story

Best Buy announced that it had raised its full-year revenue outlook for the fiscal year ending January 2027 from its previous forecast of $41.2-$42.1 billion to $42.3-$42.8 billion.

Replacement demand for AI-enabled devices may have contributed to the increase, it said.

The new outlook suggests an expansion in the scale of the company's revenue, drawing attention to demand trends for AI-related devices.

At a glance

CompanyU.S. consumer electronics giant Best Buy

TimingFiscal year ending January 2027

ScaleRevenue outlook: $41.2-$42.1 billion → $42.3-$42.8 billion

NatureHigher outlook and replacement demand

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