Q1 26 EPS
$0.30
BEAT +0.84%
Est. $0.30
Q1 26 Revenue
$2.20B
BEAT +0.24%
Est. $2.20B
vs S&P Since Q1 26
-9.8%
TRAILING MARKET
FAST -3.4% vs S&P +6.4%
Market Reaction
Did FAST Beat Earnings? Q1 2026 Results
Fastenal opened 2026 on solid footing, posting first-quarter revenue of $2.20 billion, a 12.4% increase year-over-year that edged past the $2.20 billion consensus by 0.24%, while diluted EPS of $0.30 topped the $0.30 estimate by 0.84%. The headline d… Read more Fastenal opened 2026 on solid footing, posting first-quarter revenue of $2.20 billion, a 12.4% increase year-over-year that edged past the $2.20 billion consensus by 0.24%, while diluted EPS of $0.30 topped the $0.30 estimate by 0.84%. The headline driver behind that top-line momentum was accelerating contract customer activity, with contract sales growing 14.6% on a daily basis and now accounting for 75.4% of total revenue, as improved signings since early 2024 continued to compound through the business. Gross margin did compress 50 basis points to 44.6%, pressured by price-cost dynamics and a structural mix shift toward larger accounts, but disciplined SG&A management more than compensated, lifting operating margin 20 basis points to 20.3%. Operating cash flow climbed 44.3% to $378.40 million, equal to 111.4% of net income, reflecting focused inventory optimization. Looking ahead, Fastenal guided capital expenditures to $310 million to $330 million for 2026, and investors should note that fastener expansion benefits mitigating gross margin pressure are set to anniversary early in the second quarter.
Key Takeaways
- • Share gains from improved customer contract signings since Q1 2024
- • Broad-based demand across core end markets with slight improvement in industrial production
- • Contract customer sales grew 14.6% DSR, representing 75.4% of total sales
- • Product pricing contributed approximately 350 basis points to sales growth
- • Foreign exchange positively affected sales by approximately 60 basis points
- • SG&A leverage from FTE productivity improvements (approximately 60 basis points)
- • Fastener expansion project benefits provided meaningful gross margin offset
- • Disciplined inventory management released working capital, boosting operating cash flow to 111.4% of net income
- • Heavy manufacturing end market grew 14.1% on a daily sales basis
- • Non-residential construction returned to growth at 17.2% DSR after extended contraction
FAST YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
FAST Revenue by Segment
With YoY comparisons, source: SEC Filings
FAST Earnings Trends
FAST vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FAST EPS Trend
Earnings per share: estimate vs actual
FAST Revenue Trend
Quarterly revenue: estimate vs actual
FAST Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.33 | $0.33 | +1.38% | $2.39B | +2.07% |
| Q1 26 BEAT | $0.30 | $0.30 | +0.84% | $2.20B | +0.24% |
| Q4 25 BEAT FY | $0.26 | $0.26 | +0.54% | $2.03B | -0.70% |
| FY Full Year | $1.10 | $1.09 | -0.78% | $8.20B | -0.01% |
| Q3 25 MISS | $0.30 | $0.29 | -2.19% | $2.13B | +0.09% |
| Q2 25 BEAT | $0.28 | $0.29 | +3.68% | $2.08B | +0.58% |
| Q1 25 BEAT | $0.52 | $0.52 | +0.06% | $1.96B | +0.44% |