Best Buy reported Q3 2025 revenue of $9.445 billion, down 35.5% year over year and up 1.69% on a sequential basis. The company posted gross profit of $2.217 billion for a gross margin of 23.47%, with operating income of $350 million (3.71% margin) and net income of $273 million (2.89% margin). The year-over-year decline reflects a softer consumer backdrop for discretionary technology spending and challenging prior-year comps, while the modest QoQ uptick suggests some stabilization as promotions and mix effects play out. Profitability remains pressured by elevated inventory levels and ongoing competitive pricing dynamics in the consumer electronics channel.