EarningsQ2 2026 Earnings Report
MX:FAST Q2 2026 EPS Results
Actual EPS$5.66
Consensus EPS$5.64
Beat/MissBeat by +$0.02
One Year Ago EPS$4.97
MX:FAST Q2 2026 Revenue Results
Actual Revenue$40.92B
Expected Revenue$40.08B
Beat/MissBeat by +$836.69M
YoY Revenue Growth+14.74%
Earnings Announcement Details
QuarterQ2 2026
Date07/14/2026
TimeBefore Open
Conference CallTuesday, July 14, 2026
MX:FAST Upcoming Earnings
Fastenal Company's next earnings date is estimated for October 14, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:FAST Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: the company reported strong, broad-based top-line growth (14.7% daily sales growth), meaningful share gains, sustained operating margin through SG&A leverage, ROIC expansion and strong cash generation with disciplined capital allocation and shareholder returns. The main near-term negatives were gross margin compression from price/cost headwinds, higher accounts receivable impacting quarter cash conversion, and continued freight/fuel and inflation volatility—items management is actively chipping away at but did not fully neutralize in the quarter.Company Guidance
Strong Top-Line Growth
Daily sales grew 14.7% in Q2 (up from 12.4% in Q1), reflecting continued market outperformance driven by share gains, new customer wins and deeper penetration across end markets.
Larger, Higher-Quality Customer Base
Contract count rose over 7% year-over-year; customer sites spending $50,000+ per month grew 16.5% YoY with revenues from those sites up over 26%, indicating durable, high-quality revenue expansion.
Digital and FMI Adoption Momentum
Digital DSR grew 16.2% in Q2 and now represents 61.6% of total sales (up ~60 bps YoY); e-business DSR grew 12.6%. FMI device signings increased 8.3% to ~109 weighted devices/day (just under 7,000 devices for the quarter); FMI sales represent 44.6% of total (up ~60 bps YoY).
Operating Margin Resilience
Operating margin was effectively maintained with a ~5 basis-point improvement year-over-year as SG&A leverage (SG&A down to 23.5% of sales from 24.4% a year ago) and disciplined cost control offset gross margin pressures.
Return on Invested Capital Expansion
ROIC increased ~180 basis points on a trailing 12-month basis, reflecting strong sales growth, cost control and disciplined capital allocation; management highlighted ROIC now in the low-30s range historically.
Strong Cash Generation and Shareholder Returns
Operating cash flow was $266 million (~70% of net income) in the quarter; the company returned $350 million to shareholders (dividends + modest buybacks), representing ~80% of net income for the quarter.
Broad-Based End-Market Strength
Improvement was broad across end markets: heavy manufacturing (44% of sales) saw ~18% daily sales growth, construction grew ~17%, and direct and indirect materials grew in the mid-teens, supporting diversified demand strength.
Scaling of Large Districts and Run-Rate Growth
Operational scale milestones: 4 districts averaging >$8M/month (near $100M/year) and ~25% of district managers running >$4M/month (~$50M/year). Management cited a ~30-day run rate implying a ~$10B annualized company scale.
Investing for Growth While Maintaining Discipline
Q2 net capex ~ $60M; full-year net capex expected ~ $320M (~3.5% of sales) to expand hub/distribution, automation, FMI devices and IT—management emphasized disciplined investment to drive scalability.
Incremental Dollar Profit Growth and Employee Alignment
Operating earnings dollar growth accelerated: Q2 operating income growth was $65.7M (vs prior period ~$49.2M), reflecting strong profit-dollar expansion that drives incentive payout and alignment across the organization.
MX:FAST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed