Ferguson Enterprises Q2 Revenue Climbs 6.3% to $6.2B; EPS Jumps 8.4%
Ferguson Enterprises posted Q2 2026 revenue of $6.2 billion, up 6.3% year-over-year, and adjusted EPS of $2.15, an 8.4% increase. Operating margin expanded 50 basis points to 13.8% as pricing gains and cost controls offset inflationary pressures.
1. Q2 Financial Results
In the quarter ended February, Ferguson Enterprises achieved revenue of $6.2 billion, reflecting a 6.3% increase from a year earlier. Adjusted EPS rose to $2.15, up 8.4%, with operating margin expanding 50 basis points to 13.8% thanks to pricing improvements and disciplined cost management.
2. Market and Segment Performance
All three core segments contributed to growth, led by a double-digit increase in commercial plumbing sales and mid-single-digit gains in HVAC and waterworks. Pricing actions in key product lines more than offset raw material cost inflation, driving margin expansion across the portfolio.
3. Outlook and Guidance
Management raised its full-year revenue growth target to a 5%–7% increase and adjusted EPS outlook by $0.05 at the midpoint, citing resilient end-market demand and ongoing operating efficiencies. Investments in supply chain automation and inventory optimization are expected to support further margin improvement.