Fastenal Company

(NASDAQ Global Select)
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Bullish +62

Fastenal stock enters October earnings after revenue rises 14.7 percent

Earnings report AI-generated analysis

πŸ“ˆ Fastenal Q2 2026 revenue surged 14.7 percent year-over-year to USD 2.39 billion, significantly beating the USD 2.34 billion consensus estimate.

πŸ’° The company reported earnings per share of USD 0.33, which exactly matched analyst expectations for the quarter ending June 30, 2026.

πŸ“Š Operating profit reached USD 501.8 million, yielding a healthy 21.0 percent operating margin for the second quarter.

πŸ’΅ Net income attributable to common shareholders was USD 382.8 million during the reporting period.

πŸ“‰ Shares traded at USD 50.43 on September 25, 2026, trading below the yearly high of USD 52.92 with a market cap of USD 57.9 billion.

🎯 Analyst consensus holds a Hold rating with an average 12-month price target of USD 49.17, currently below the stock's trading price.

πŸ—“οΈ The company is scheduled to release Q3 2026 earnings on October 14, 2026, before the market opens.

πŸ”­ Investors expect Q3 revenue to reach approximately USD 2.44 billion with a consensus EPS of USD 0.34 for the upcoming quarter.

🏭 Fastenal operates a vast industrial warehouse network specializing in sorted fasteners and equipment like forklifts.

Bullish Signals
  • Fastenal Q2 revenue grew 14.7 percent to USD 2.39 billion, significantly beating analyst estimates of USD 2.34 billion.
  • The company achieved a strong 21.0 percent operating margin with operating profit of USD 501.8 million in the second quarter.
  • Net income attributable to common shareholders reached USD 382.8 million, demonstrating solid profitability growth.
  • Fastenal successfully matched earnings per share expectations at USD 0.33, confirming consistent execution on guidance.
Risk Factors
  • The average analyst price target of USD 49.17 is currently below the stock's trading price of USD 50.43, suggesting potential valuation headwinds.
  • Wolfe Research reiterated an Underperform rating with a price target of USD 51.00, indicating some analysts view current valuations as stretched despite growth.
Full Analysis
Fastenal Co. reported strong second-quarter results ending June 30, 2026, with revenue rising 14.7 percent to reach USD 2.39 billion, beating analyst estimates of USD 2.34 billion by USD 50 million. The company's earnings per share matched the consensus at USD 0.33, while operating profit hit USD 501.8 million, resulting in a robust 21.0 percent operating margin. Net income attributable to common shareholders totaled USD 382.8 million during the period. Fastenal shares traded around USD 50.43 on September 25, 2026, with a market capitalization of USD 57.9 billion and volume exceeding 6.8 million shares. The stock is currently trading below its yearly high of USD 52.92 but remains above the 52-week low. Analysts maintain a consensus Hold rating with an average 12-month price target of USD 49.17, which sits slightly below the current share price. Wolfe Research recently reiterated an Underperform rating with a higher price target of USD 51.00, highlighting a valuation debate despite solid operational growth. The company is preparing to report Q3 earnings on October 14, 2026, with expectations for revenue near USD 2.44 billion. Fastenal operates in the Industrials sector as an industrial distribution leader, providing sorted fasteners and equipment like forklifts through its extensive warehouse network. The upcoming quarterly report will serve as a key checkpoint for investors to assess whether the company can sustain its double-digit revenue growth trajectory against current market valuations.