O'Reilly Automotive, Inc.: Beat — EPS $0.97, Revenue $5.12B
Earnings BeatQ3 2026 · After-market
Did O'Reilly Automotive, Inc. (ORLY) beat earnings today?
Yes, O'Reilly Automotive, Inc. (ORLY) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+4.30% surprise
$0.97Actual
Expected: $0.93
vs. year ago +14.0%
Total Revenue+2.02% surprise
$5.12BActual
Expected: $5.02B
vs. year ago +8.8%
Released Oct 28 · 4:30 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Sales | $5.12B | $4.71B | +9.0% |
| Revenue detail — reported lines | |||
| └─Sales to do-it-yourself customers | $2.45B | $2.30B | +6.2% |
| └─Sales to professional service provider customers | $2.60B | $2.31B | +12.7% |
| └─Other sales and sales adjustments | $72.06M | $93.11M | -22.6% |
| Net income | $785.62M | $725.90M | +8.0% |
| GAAP Basic EPS | $0.97 | $0.86 | +12.8% |
| GAAP Diluted EPS | $0.97 | $0.85 | +14.0% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Outlook |
|---|---|---|
| Net, new store openings | — | 225 to 235 |
| Comparable store sales | — | 5.5% to 6.5% |
| Total revenue | — | $19.0B-$19.3B |
| Gross profit as a percentage of sales | — | 51.6% to 52.1% |
| Operating income as a percentage of sales | — | 19.5% to 20.0% |
| Diluted earnings per share | — | $3.25-$3.35 |
| Net cash provided by operating activities | — | $3.2B-$3.6B |
| Capital expenditures | — | $1.3B-$1.4B |
| Free cash flow | — | $1.9B-$2.2B |
Business Highlights
- ➤Opened 54 domestic, 8 Mexico, and 1 Canada stores during the quarter.
- ➤Operated 6,758 stores across 48 U.S. states, Puerto Rico, Mexico, and Canada.
- ➤Opened 173 net new stores across North America year-to-date.
- ➤Repurchased 11.8 million shares for $1.03B during the third quarter.
- ➤Repurchased an additional 2.3 million shares for $204M after quarter-end.
- ➤Had approximately $727M remaining under its current share repurchase authorization.
Management Commentary
Brad Beckham, CEO
“I would like to thank our Team Members for their unwavering commitment to providing industry-leading service to each of our customers. Team O’Reilly’s dedication was evident in our strong third quarter comparable store sales increase of 7.2%. This robust growth came on top of strong sales in the third quarter last year, resulting in a two-year stack of 12.8%, and was driven by share gains on both sides of our business, with double-digit growth in our professional business and mid-single digit growth in DIY. Our impressive top-line growth, coupled with a $39 million benefit from tariff refunds received during the third quarter, drove a 14% increase in our third quarter diluted earnings per share. We are extremely pleased with the continued ability of our Team to deliver industry-leading results through their hard work and unrelenting focus on our customers.”
Brad Beckham, CEO
“As a result of our strong year-to-date performance and expectations for the remainder of 2026, we are raising our full-year 2026 comparable store sales guidance to a range of 5.5% to 6.5%. We are also raising our full-year 2026 gross margin guidance to a range of 51.6% to 52.1% and our operating profit guidance to a range of 19.5% to 20.0%. These updates incorporate our strong third quarter performance, including the benefit from tariff refunds, and our margin expectations for the fourth quarter. Year-to-date, we have opened 173 net, new stores across North America and are on track to reach our goal of 225 to 235 net, new store openings in 2026. We remain very pleased with our new store performance and confident in the strength of the fundamental demand drivers in our business.”