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Best Buy helps customers choose, buy and use technology products in the U.S. and Canada, with the U.S. accounting for most of its revenue. Computers and mobile phones form its largest sales category, followed by other consumer electronics. Customers can shop online or in stores, and choose delivery or pickup.
Beyond selling products, Best Buy charges for installation, repairs, technical support and memberships such as My Best Buy Plus and My Best Buy Total. It also earns commissions from mobile carriers on related phone sales. These activities supplement a business funded mainly by merchandise purchases.
Best Buy relies heavily on Apple, Samsung, HP, LG and Sony for its merchandise, and generally has no long-term vendor contracts guaranteeing continued supply. Its earnings depend on obtaining products on workable commercial terms and selling them at competitive prices. Holiday shopping accounts for a large share of revenue and earnings.
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Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Alongside Apple and Sony, watch Samsung, HP and LG: Best Buy also relies heavily on them for merchandise supply, product innovation and commercial terms.
Amazon competes for Best Buy’s online electronics customers by selling overlapping products at low prices with fast delivery. Watch its electronics pricing and delivery offers against Best Buy’s price matching and store-based service.
Best Buy relies on Apple for computers and mobile products to resell, but Apple also sells directly to the same customers. Watch Apple’s product allocations and direct-sales push: computing and mobile phones made up 47% of Best Buy’s Domestic revenue in fiscal 2026.
Newegg competes with Best Buy for computer and consumer-electronics shoppers through online stores and marketplaces where third-party sellers offer products. Its sales to consumers are the relevant line to watch, rather than its sales to businesses.
Walmart competes for Best Buy’s consumer-electronics and gaming customers in stores and online. Its everyday-low-price approach makes electronics and gaming prices worth watching when assessing Best Buy’s price competitiveness.
Target competes with Best Buy for gaming and consumer-electronics purchases through stores and digital channels. Watch its product assortment and value offers in those categories, not just total sales across its broad merchandise range.
Costco competes for Best Buy’s television, computer and appliance customers with low-priced warehouse and online offerings.
Best Buy depends on Sony, a major supplier, for PlayStation and audiovisual products it sells to shoppers. Watch Sony’s console and audiovisual product supply; its gaming revenue also includes digital content and network services, which are not the same as Best Buy’s merchandise sales.
GameStop competes with Best Buy for shoppers buying consoles, games and accessories in stores and online. Watch those product sales rather than collectibles when judging competition with Best Buy’s gaming business.
Sonos, Inc. supplies home audio and home-theater products for Best Buy to resell, and Best Buy accounted for 14% of Sonos revenue in fiscal 2025. Watch Sonos’s retail inventory and promotion news for clues about Best Buy’s home-theater business; partners have no long-term purchase-volume commitments.
NETGEAR supplies home networking products that Best Buy sells within its computing and mobile assortment, and counts Best Buy among its largest retailers. Watch its Consumer business’s WiFi and home-connectivity sales rather than its enterprise-networking results.
Roku supplies TVs and streaming devices that Best Buy resells in consumer electronics. Its Devices revenue is the line to watch for this tie, rather than streaming hours, though it covers sales through other retailers too.
SharkNinja supplies Shark and Ninja small household appliances for Best Buy to sell, linking its launches and product demand to Best Buy’s appliance sales. Watch small-appliance demand separately from large appliances, which drove Best Buy’s fiscal 2026 Domestic appliance sales decline.
Housing Starts (Sep)
For Best Buy, housing readings track homebuilding and sales activity, a signal of conditions that can shape demand for its discretionary electronics and related services, and therefore its product and service revenue.
Expected1.31MLast release1.275M
If it comes in above expectations
If the reading is above the 1.31M estimate, it is above the previous 1.275M. If housing activity is stronger, customers may be more willing to buy discretionary electronics and services, potentially supporting Best Buy’s product and service sales.
If it comes in below expectations
If housing activity is weaker, customers may be less inclined to make discretionary electronics purchases or buy related services, potentially pressuring Best Buy’s sales.
Fed Interest Rate Decision
For Best Buy, Fed rate decisions track the cost of borrowing across the economy, which can change customers’ ability and willingness to finance electronics purchases and affect branded-card spending that generates profit-sharing income.
Expected4.0%Last release4.0%
If it comes in above expectations
If the policy rate comes in higher, pricier borrowing may lead customers to delay or scale back electronics purchases, while more expensive card balances may also weigh on spending and Best Buy’s card profit-sharing income.
If it comes in below expectations
If the policy rate comes in lower, cheaper borrowing may support electronics purchases and card spending, potentially lifting Best Buy’s product sales and card profit-sharing income.
Amazon.Com Inc earningsAMZN
Amazon’s report will show whether its low prices and fast delivery continue to draw online electronics shoppers, keeping Best Buy under pressure to compete on price and store-based service.
Watch Amazon’s online-store sales and any comments on electronics prices and delivery. If online sales are strong and low prices and fast delivery remain central to its offer, Best Buy is more likely to need price cuts to compete, putting pressure on product margins. If online sales weaken or those offers become less compelling, Best Buy faces less price pressure and has more room to compete through store-based service.
Apple Inc. earningsAAPL
Apple’s report can offer clues about product demand, supply to retailers and direct sales; Apple products make up a large share of Best Buy’s Domestic computing and mobile-phone revenue.
Read Apple’s comments on product demand and supply to retailers alongside any signs of a shift toward direct sales; Apple’s results alone cannot establish how much product Best Buy receives. Strong demand with adequate retailer supply gives Best Buy more opportunity to sell Apple products. Tighter supply or more customers buying directly from Apple could leave Best Buy with fewer products or less demand to capture.
Non Farm Payrolls (Oct)
For Best Buy, the jobs report tracks employment, which can affect household income and customers’ willingness to spend on discretionary electronics and services, driving product and service revenue.
Stronger job growth would suggest employment and income may be supporting customers’ discretionary electronics and service purchases; weaker job growth would suggest those sales may face less support.
Retail Sales MoM (Oct)
Retail sales track consumer spending at retailers, a signal of demand for Best Buy’s computers, mobile phones, appliances and services that generates most of its revenue.
Stronger retail sales would suggest consumer spending may be supporting purchases of Best Buy’s electronics, appliances and services; weaker sales would suggest less support for those revenue sources.
Best Buy Company, Inc. earningsThis company
Best Buy’s comparable sales and operating margin will show whether demand across its categories is producing sales without the cost of buying, delivering and serving products eating into profit.
Read comparable sales by category alongside the Domestic segment’s adjusted operating margin—the share of sales left after operating costs. If computing and mobile phones help lift sales across several categories and the margin holds or rises, demand is broad and is translating into profit. If growth is concentrated in a few categories while others are weak and the margin falls, sales are not broad-based and costs are eroding profit.
