O’Reilly Automotive (ORLY) investor relations material

Executive summary

• Achieved record revenue and earnings for Q2 2026, with 6% comparable store sales growth and strong performance in both professional and DIY segments.

• Diluted EPS increased 10% in Q2 and 13% for the first half of 2026.

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

• Updated full-year guidance: comparable store sales range raised to 4%-6% and diluted EPS guidance increased to $3.20-$3.30.

Financial highlights

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

• Q2 sales reached $367 million, with a 6% comp sales increase and $100 million from new stores.

• Q2 net income increased 7% to $715 million; diluted EPS up 10% to $0.86.

• First six months sales up 9% to $9.45 billion; net income up 9% to $1.32 billion; diluted EPS up 13% to $1.58.

• Free cash flow for the first six months was $1.5 billion, up from $904 million in the prior year.

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 guidance at $3.20-$3.30.

• Gross margin guidance maintained at 51.5%-52%; operating profit guidance at 19.3%-19.8%.

• SG&A per store growth expected at 3.5%-4% for the year.

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