O’Reilly Automotive (ORLY) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 2026 revenue of $4.89 billion, with 6% comparable store sales growth and net income up 7% to $715 million; year-to-date comps up 7% and total sales growth over 9%.

• Diluted EPS increased 10% in Q2 to $0.86 and 13% for the first half, driven by strong professional and DIY segments.

• Professional business comps grew 10% in Q2, marking the fourth consecutive quarter of double-digit growth.

• Opened 110 net new stores year-to-date, on track for 225–235 net new stores in 2026.

• Raised full-year 2026 comparable store sales guidance to 4–6% and diluted EPS guidance to $3.20–$3.30.

Financial highlights

• Q2 2026 sales reached $4.89 billion, up 8% year-over-year, with gross profit up 8% to $2.52 billion (51.4% margin).

• Operating income for Q2 was $986 million (20.2% of sales), up 8% year-over-year.

• Free cash flow for the first six months was $1.48 billion, up from $904 million in the prior year.

• Operating margin for the first half expanded 21 basis points, with operating profit dollars up 10%.

• Gross margin for Q2 was 51.4%, unchanged year-over-year; year-to-date gross margin at 51.5%, up 11 basis points.

Outlook and guidance

• Full-year 2026 revenue expected between $18.9–$19.2 billion.

• Full-year comparable store sales guidance raised to 4%-6%, with diluted EPS forecasted at $3.20–$3.30.

• Gross profit margin guidance: 51.5–52%; operating income margin: 19.3–19.8%.

• Free cash flow guidance unchanged at $1.8–$2.1 billion.

• Net new store openings projected at 225–235 for 2026.