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O'Reilly Automotive

O'Reilly Automotive (ORLY) Q2 2026 Earnings

Reported Jul 29, 2026 at 4:38 PM ET · SEC Source

Q2 26 EPS

$0.86

BEAT +0.17%

Est. $0.86

Q2 26 Revenue

$4.89B

BEAT +0.63%

Est. $4.86B

vs S&P Since Q2 26

-3.3%

TRAILING MARKET

ORLY +0.9% vs S&P +4.2%

Market Reaction

Did ORLY Beat Earnings? Q2 2026 Results

O'Reilly Automotive delivered a clean beat across the board in Q2 2026, posting diluted EPS of $0.86 against a consensus estimate of $0.86, a 0.17% beat, while revenue of $4.89 billion edged past the $4.86 billion estimate and grew 8.1% year over yea… Read more O'Reilly Automotive delivered a clean beat across the board in Q2 2026, posting diluted EPS of $0.86 against a consensus estimate of $0.86, a 0.17% beat, while revenue of $4.89 billion edged past the $4.86 billion estimate and grew 8.1% year over year. The primary engine behind the quarter was a 6.0% comparable store sales gain, built on top of 4.1% growth in the year-ago period, reflecting sustained demand across both the professional service provider and do-it-yourself customer channels, which contributed $2.47 billion and $2.34 billion in sales, respectively. Net income grew 7% to $715.06 million, aided by an aggressive buyback program that trimmed diluted shares from 858 million to 829 million. The results come amid market speculation about a potential large-scale acquisition, though the underlying business showed no signs of distraction. Management lifted full-year comparable store sales guidance to a 4% to 6% range and reaffirmed total revenue guidance of $18.90 billion to $19.20 billion, with diluted EPS projected between $3.20 and $3.30.

Key Takeaways

  • • Comparable store sales growth of 6.0% in Q2 2026, on top of 4.1% in Q2 2025
  • • Solid growth in both professional and DIY customer segments
  • • Dual market strategy execution driving market share gains
  • • Best-in-class parts availability supporting customer service levels
  • • Share repurchases reducing diluted share count from 858 million to 829 million, boosting EPS growth to 10%

ORLY Forward Guidance & Outlook

O'Reilly raised its full-year 2026 comparable store sales guidance to 4.0% to 6.0%. Full-year 2026 guidance includes: total revenue of $18.9 billion to $19.2 billion; gross profit margin of 51.5% to 52.0%; operating income margin of 19.3% to 19.8%; effective income tax rate of 22.5%; diluted EPS of $3.20 to $3.30; 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. The company is on track to achieve its store opening goals, having opened 110 net new stores year-to-date.

24/7 Wall St

ORLY YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

ORLY Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q2 26

“I would like to thank all of Team O'Reilly for their tremendous hard work and unwavering commitment to taking care of our customers each and every day. We are very pleased to report another quarter of strong performance, highlighted by a comparable store sales increase of 6.0% and a 10% increase in diluted earnings per share. Our Team continues to consistently execute our proven dual market strategy at a high level and delivered solid growth in both professional and DIY during the quarter. We remain committed to taking market share by providing unsurpassed levels of service to our customers, supported by best-in-class parts availability.”

— Brad Beckham, Q2 2026 Earnings Press Release

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