Lowe's
Large-scale home improvement retailer
Software Engineer Intern
On-site Tech Hub in Charlotte, North Carolina.
About the job
- Pursuing a Bachelor's Degree in Computer Science, Computer Engineering, Information Systems, or a related technical field.
- Expected graduation dates of December 2027 or May 2028.
- Work within agile development teams to build and enhance software applications.
- Develop and test clean, scalable, and reliable code in technologies such as Java, Python, React, or .NET.
- Gain experience with cloud platforms such as Azure and Google Cloud Platform and DevOps tools such as GitHub and Jenkins.
- Participate in code reviews and contribute to continuous integration and continuous delivery pipelines.
- Collaborate cross-functionally with user experience, product, and data teams to deliver customer-focused solutions.
- Learn software development lifecycle best practices in a large-scale enterprise environment.
- A cumulative GPA of 3.0 or higher.
- Familiarity with one or more programming languages such as Java, Python, or JavaScript.
- Exposure to software engineering projects through coursework or previous internships.
- Experience in a leadership position at work or within a campus organization.
About the company
Lowe's operates large-scale home improvement retailers in the United States, Canada, and Mexico, serving both do-it-yourself customers and professionals in construction and remodeling. It sells a wide range of products including appliances, building supplies, tools, hardware, and garden equipment through its physical stores and online platform. The business works by offering a broad product assortment plus customer service and installation services to create a comprehensive shopping experience for home improvement projects. Compared with competitors, Lowe's differentiates itself by combining a large, one-stop product selection with in-store expertise and installation services, available both offline and online. Its goal is to help customers complete home improvement projects by providing convenient access to products and services, aiming to maintain a leading market position in its regions.
Company Size
10,001+
Company Stage
IPO
Headquarters
Mooresville, North Carolina
Founded
1946
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Simplify's Take
What believers are saying
- Q2 2026 sales rose to $26.0 billion, with online revenue up 15.7%.
- Pro and home services drove positive comparable sales despite DIY weakness and high rates.
- Lowe's expects $92 billion sales and $12.25 EPS, preserving strong cash generation for 2026.
What critics are saying
- September 2026 guidance cuts comparable sales to flat, signaling demand deterioration through Q4 2026.
- February 2026 layoffs eliminated 600 corporate roles, showing margin pressure and slower organizational growth.
- Home Depot and specialty distributors still outgun Lowe's in pro accounts, risking share loss through 2027.
What makes Lowe's unique
- Lowe's Mylow AI converts users at triple the rate, strengthening digital monetization.
- FBM and ADG give Lowe's a $250 billion pro-construction platform beyond big-box retail.
- Five 2026 store openings and store-based fulfillment deepen omnichannel reach across Texas and Florida.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
Performance Bonus
Company News
Lowe's anticipates a steady second half of the year as elevated interest rates and economic uncertainty prompt homeowners to favour smaller projects over major renovations. Chairman and CEO Marvin Ellison stated the company aims to grow market share despite challenging conditions, citing five consecutive quarters of positive comparable sales growth. Digital sales increased over 15% in the past two quarters, supported by store-based fulfilment and the company's Mylow AI tool. The retailer's core customers, with average household incomes above $100,000, are becoming more cautious about large discretionary purchases. Acquisitions of ADG and FBM are expanding Lowe's construction and interior solutions business, including commercial projects and data centres. The company plans to prioritise debt reduction toward a 2.75-times leverage ratio before potentially resuming share repurchases.
Lowe's Companies shares trade at $198, down 26% over the past year, as the retailer navigates a cautious DIY customer base and weak housing market. Despite revenue shrinking at 1% annually over three years, earnings per share grew at 5.2% through expense discipline and share buybacks. The company generated $3.1bn in free cash flow in fiscal Q2 2026 after $542m in capital expenditures. Online sales grew 15.7%, supported by Mylow, an AI shopping agent whose users convert at triple the rate of other shoppers. Comparable transactions fell 2.1% in the quarter. Management lowered fiscal 2026 sales guidance to approximately $92bn with roughly flat comparable sales and expects Q3 adjusted earnings per share to fall about 7% year-over-year.
Target raised its quarterly dividend to $1.16 from $1.14, whilst Lowe's increased its payout to $1.25 from $1.20. Both retailers reported second-quarter results on 19 August 2026. Target's increase follows a period of flat dividends and comes after a tariff refund boosted quarterly earnings. The company yields 2.8% and paid $518 million in dividends during the quarter. Chief financial officer Jim Lee stated the firm prioritises business investment first, dividends second, and buybacks last. Lowe's generated $3.1 billion in free cash flow against $673 million in dividends. However, the company faces balance sheet challenges, with negative shareholders' equity of $7.44 billion and debt-to-EBITDA of 3.0 times following recent acquisitions. Management aims to reduce leverage to 2.75 times by mid-2027. Lowe's yields 2.4%.
Major US retailers have received over $5 billion in tariff refunds this week alone, with Walmart getting $2.9 billion, Target $994 million, and Home Depot $730 million. The Trump administration is refunding approximately $166 billion in tariff revenue after the Supreme Court struck down its sweeping tariff policy, having returned $100 billion so far. Despite studies showing consumers bore the brunt of initial tariff costs through higher prices, most companies are reinvesting the refunds rather than passing savings to shoppers. Retail executives indicated in earnings calls they plan to put the money back into their businesses. Consumers have filed class-action lawsuits against companies receiving refunds, but none have concluded. Americans have limited recourse to recover funds if companies don't voluntarily lower prices.
Lowe's reported mixed second-quarter results, with revenue falling short of analyst expectations due to pressure on DIY consumer spending. The DIY segment represents 60-65% of Lowe's revenue. CEO Marvin Ellison cited several factors affecting consumer behaviour: customers remain cautious about discretionary spending due to macro and geopolitical uncertainty, plus higher fuel prices above $4 per gallon. Poor weather during Memorial Day and a highly promotional environment in July also impacted results. Despite challenges, Lowe's posted its fifth consecutive quarter of same-store sales growth at 0.2%, below Wall Street expectations. The pro business and online sales performed well, with online contributing 15% year-over-year growth. Lowe's has received $80 million in tariff refunds, with additional refunds expected by year-end. The company is carefully considering how to use these funds whilst avoiding overly promotional strategies.