W.W. Grainger, Inc. · GWW · Next earnings

W.W. Grainger, Inc. reports Wednesday, Nov 4, 2026

GWW reports before market open with consensus EPS at $11.68 and revenue at $5.07B. Last quarter: Grainger Beats Estimates, Raises Guidance on 12% Organic Growth

Reports Before market open45 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $11.68 Calendar consensus
Consensus revenue $5.07B Calendar consensus
Report date Nov 4, 2026 Wednesday, date estimated
Session Before market open 45 days away

Where GWW left off: FY2026 Q1

Full report

Grainger Beats Estimates, Raises Guidance on 12% Organic Growth

EPS surprise +14.1% Reported $11.65 vs $10.21
Revenue surprise +3.6% Reported $4.74B vs $4.58B
Stock move +5.5% Event window
Subsequent drift +5.3% Up to 20 sessions

Guidance was raised from the prior quarter's maintained outlook. FY2026 organic sales growth guidance increased from 6.5-9% to 9.5-12%, and EPS guidance was introduced at $44.25-$46.25. Q1 operating margin of 16.7% exceeded the prior 15.4-15.9% range, though management flagged a U-shaped margin pattern with expected Q2 compression from fuel cost leakage, private-label inventory timing, and seasonality.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Tariff uncertainty and geopolitical tensions affecting input costs
  • Fuel price volatility and associated margin leakage
  • Private-label cost compression and LIFO inventory valuation headwinds
  • Supply pressure from Middle East conflict affecting raw materials
  • Potential slowdown in price/cost neutrality if inflationary pressures persist

Questions analysts left open

  • Sustainability of segment-level price contribution and pricing power
  • Margin trajectory and the expected U-shaped pattern through the year
  • Impact of fuel costs and private-label inventory timing on Q2 margins
  • MonotaRO exposure to energy price shocks in Japan
  • Size and effect of LIFO valuation adjustments

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Recent GWW quarters

All GWW earnings
+5.5%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.