Q1 26 EPS
$N/A
Q1 26 Revenue
N/A
vs S&P Since Q1 26
+1.1%
BEATING MARKET
FAST +6.2% vs S&P +5.1%
Market Reaction
Did FAST Beat Earnings? Q1 2026 Results
Fastenal delivered a largely in-line quarter to close out fiscal 2025, with earnings per share of $0.26 nudging past the $0.26 consensus by 0.23% while revenue of $2.03 billion came in essentially flat against estimates, missing by just 0.05%, yet st… Read more Fastenal delivered a largely in-line quarter to close out fiscal 2025, with earnings per share of $0.26 nudging past the $0.26 consensus by 0.23% while revenue of $2.03 billion came in essentially flat against estimates, missing by just 0.05%, yet still posted a healthy 11.1% year-over-year gain. The top-line momentum was powered primarily by accelerating contract customer signings that took root in early 2024, with contract sales growing 12.9% on a daily rate basis compared to just 5.7% in the prior year period, even as management acknowledged a sluggish industrial production backdrop that raises questions about the broader manufacturing outlook. Gross margin compressed 50 basis points to 44.3%, pressured by inventory cost timing and supplier rebate headwinds, though improved SG&A leverage helped operating margin edge up to 19.0%. Looking ahead, Fastenal raised its 2026 device signing target to 28,000-30,000 MEUs and guided capital expenditure to $310-$330 million, a sharp increase from $230.6 million in 2025, reflecting hub facility replacement and trucking investments.
Key Takeaways
- • Improved customer contract signings since Q1 2024 driving incremental sales
- • Contract customer sales DSR growth of 12.9% versus 5.7% in prior year
- • Manufacturing end markets outperformed due to strength with key account customers with significant managed spend
- • Product pricing contributed 310-340 basis points to net sales growth
- • Direct products outpaced indirect products due to fastener expansion project
- • Growth in customer sites spending $10k+ per month
- • Non-residential construction end market experienced growth for third time in thirteen consecutive quarters
FAST Forward Guidance & Outlook
Fastenal expects 2026 weighted FASTBin/FASTVend device signings of 28,000 to 30,000 MEUs, up from 25,892 in 2025. Capital expenditure for 2026 is expected to be in the range of $310.0 million to $330.0 million, up from $230.6 million in 2025, driven by replacement of the Atlanta hub facility, trucking spend, and delayed IT projects. The company expects its ongoing tax rate, absent discrete items or tax law changes, to be approximately 24.5%. The fastener expansion project's benefits will anniversary early in Q2 2026.
FAST YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
FAST Revenue by Segment
With YoY comparisons, source: SEC Filings
FAST Earnings Trends
FAST vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FAST EPS Trend
Earnings per share: estimate vs actual
FAST Revenue Trend
Quarterly revenue: estimate vs actual
FAST Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q4 25 BEAT FY | $0.26 | $0.26 | +0.23% | $2.03B | -0.05% |
| FY Full Year | $1.10 | $1.09 | -0.78% | $8.20B | -0.01% |
| Q3 25 MISS | $0.30 | $0.29 | -2.19% | $2.13B | +0.09% |
| Q2 25 BEAT | $0.28 | $0.29 | +3.68% | $2.08B | +0.58% |
| Q1 25 BEAT | $0.52 | $0.52 | +0.06% | $1.96B | +0.44% |