GWW · Full Picture

W.W. GRAINGER, INC. — the full picture

Earnings window · 2026-07-14 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Revenue Performance and Mix · Revenue growth & mixPriority 84
    +53.7% revenue (realized); 3 sources (news, press_release, sec_filing); structured_verified
    Second quarter 2026 sales: $5.0 billion, up 10.3%, or 13.7% on a daily, organic constant currency basis.
  2. Operating Income and Margins · Operating income & profitabilityPriority 78
    +0.3% margin; 2 sources (press_release, sec_filing); 3 forward row(s); structured_verified
    Updated 2026 operating margin guidance: 15.8% - 16.2% (previously 15.6% - 16.0%)
  3. Gross Margin Drivers · Gross marginPriority 65
    +0.1% margin; 3 sources (news, press_release, sec_filing); 1 forward row(s); quote_verified
    Updated 2026 gross profit margin guidance: 39.3% - 39.6% (previously 39.2% - 39.5%)
  4. Liquidity and Debt Position · UnclassifiedPriority 65
    +6.8% assets (realized); 2 sources (press_release, sec_filing); quote_verified
    The Company had approximately $1.8 billion in available liquidity as of June 30, 2026.
  5. Market Demand Trends · Demand, orders & backlogPriority 65
    3 sources (news, press_release, sec_filing); quote_verified
    High-Touch Solutions N.A. net sales increase of $423 million (12% on reported and daily, constant currency basis) was primarily due to volume.
  6. Operating Expense Trends · Operating expenses (SG&A)Priority 65
    -12.2% operating_income (realized); structured_verified
    High-Touch Solutions N.A. SG&A for the three months ended June 30, 2026: $974 million, increased $109 million or 13%, primarily due to higher payroll and benefit expenses.
  7. Guidance and Outlook · Guidance & outlookPriority 61
    +1.5% revenue; 2 sources (news, press_release); 5 forward row(s); quote_verified
    Updated full year 2026 net sales guidance range (as of August 4, 2026): $19.4 - $19.7 billion (previously $19.2 - $19.6 billion)
  8. Capital Return Program · Buybacks & dividendsPriority 59
    -3.5% cash (realized); 2 sources (news, press_release); 1 forward row(s); quote_verified
    Updated 2026 share buyback guidance: $0.975 - $1.05 billion (previously $0.95 - $1.05 billion)
  9. Geographic Market Commentary · Geographic mixPriority 57
    +5.7% revenue (realized); structured_verified
    Endless Assortment six months net sales: $2,044 million, increased $287 million or 16.3% and on a daily, constant currency basis increased 21% compared to the same period in 2025; sales growth partially offset by unfavorable currency exchange of 4%.
  10. Income Tax Rate Changes · TaxPriority 55
    -2.5% net_income (realized); 2 sources (press_release, sec_filing); 1 forward row(s); quote_verified
    Updated 2026 effective tax rate guidance: ~25.0% (unchanged)
  11. Distribution Channels · Customers & concentrationPriority 46
    qualitative only
  12. Capital Expenditure Outlook · UnclassifiedPriority 42
    -0.1% cash; 2 forward row(s); quote_verified
    Updated 2026 CapEx (cash basis) guidance: $0.575 - $0.65 billion (previously $0.55 - $0.65 billion)

Threads by pillar

Revenue & Demand Priority 92 · 4 threads

Costs & Margins Priority 88 · 4 threads

Capital & Balance Sheet Priority 72 · 3 threads

Strategy & Portfolio Priority 43 · 2 threads

Legal, Regulatory & Policy Priority 38 · 1 thread

Guidance & Outlook Priority 61 · 1 thread

Macro & Market Conditions Priority 35 · 2 threads

Unclassified Priority 68 · 2 threads

Expected impact by metric

metricforward netforward grossrealized
revenue+1.5%+1.5%+59.4%
margin+0.3%+0.3%+4.3%
cash+0.1%+0.2%-0.1%
assets+0.1%+0.1%+6.8%
operating_income——+3.7%
net_income——-0.8%