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O'Reilly Automotive

O'Reilly Automotive (ORLY) Q1 2026 Earnings

Reported Apr 29, 2026 at 4:35 PM ET · SEC Source

Q1 26 EPS

$0.72

BEAT +3.34%

Est. $0.70

Q1 26 Revenue

$4.56B

BEAT +2.31%

Est. $4.46B

vs S&P Since Q1 26

-7.5%

TRAILING MARKET

ORLY -3.6% vs S&P +3.9%

Market Reaction

Did ORLY Beat Earnings? Q1 2026 Results

O'Reilly Automotive delivered a strong first quarter of 2026, beating Wall Street expectations on both the top and bottom lines as robust demand across its customer base drove double-digit revenue growth. The auto parts retailer posted diluted EPS of… Read more O'Reilly Automotive delivered a strong first quarter of 2026, beating Wall Street expectations on both the top and bottom lines as robust demand across its customer base drove double-digit revenue growth. The auto parts retailer posted diluted EPS of $0.72, ahead of the $0.70 consensus estimate by 3.34%, while revenue climbed 10.2% year over year to $4.56 billion, topping the $4.46 billion consensus by 2.31%. The headline driver was an 8.1% comparable store sales gain, fueled by double-digit growth in the professional service provider segment and mid-single digit expansion in do-it-yourself sales, a combination that also helped lift operating margin to 18.5% from 17.9% a year ago. Net income rose 12% to $604.18 million, with EPS growth accelerating to 16% as aggressive share repurchases reduced the diluted share count to 843 million. Analysts have taken notice, with at least one firm reiterating a Buy rating and raising its price objective following the results. Looking ahead, O'Reilly raised its full-year 2026 guidance to revenue of $18.70 billion to $19.00 billion and diluted EPS of $3.15 to $3.25, reflecting management's confidence in continued market share gains.

Key Takeaways

  • • 8.1% comparable store sales growth in Q1 2026
  • • Double-digit growth in professional service provider business
  • • Mid-single digit growth in DIY business
  • • Prudent expense management driving operating leverage
  • • SG&A as a percentage of sales declined from 33.4% to 33.0%
  • • Gross margin expansion to 51.5% from 51.3%
  • • Operating margin expansion to 18.5% from 17.9%

ORLY Forward Guidance & Outlook

O'Reilly updated its full-year 2026 guidance: total revenue of $18.7 billion to $19.0 billion; comparable store sales growth of 3.0% to 5.0%; gross profit margin of 51.5% to 52.0%; operating income margin of 19.3% to 19.8%; effective income tax rate of 22.6%; diluted EPS of $3.15 to $3.25; net cash provided by operating activities of $3.1 billion to $3.5 billion; capital expenditures of $1.3 billion to $1.4 billion; free cash flow of $1.8 billion to $2.1 billion; and 225 to 235 net new store openings. Management expressed encouragement about stable industry demand and opportunities to grow market share.

24/7 Wall St

ORLY YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

ORLY Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“We are pleased to report a strong start to 2026, highlighted by an 8.1% increase in comparable store sales and a 16% increase in our first quarter diluted earnings per share. Team O'Reilly delivered comparable store sales results exceeding our expectations in both professional and DIY, with double-digit growth in our professional business and mid-single digit growth in DIY. Our ability to drive productivity in our business and translate robust sales growth into a 14% increase in operating profit is the direct result of our Team's focus on prudent expense management.”

— Brad Beckham, Q1 2026 Earnings Press Release

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