O'Reilly Automotive (ORLY) Q1 2026 Earnings
How Did ORLY Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +5.69%.
Did ORLY Beat Earnings? Q1 2026 Results
Yes. O'Reilly Automotive reported Q1 2026 earnings of $0.72 a share on Apr 29, 2026, beating the $0.70 consensus estimate by 3.3%. Revenue was $4.6B against a $4.5B estimate.
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.
- 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%
“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.”
O'Reilly Automotive CEO, on the earnings call
What Was O'Reilly Automotive's Outlook in Q1 2026?
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.
ORLY YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $4.6B | $4.1B | +10.2% |
| Gross Profit | $2.3B | $2.1B | +10.6% |
| Operating Income | $841.6M | $741.4M | +13.5% |
| Net Income | $604.2M | $538.5M | +12.2% |
ORLY Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.