Distributors
In Q2 FY2026, GPC increased revenue 6.0% to $6.5B and expanded gross margin modestly, but GAAP net income declined 10.7% to $227.6M as SG&A, restructuring, separation, and other costs rose faster than sales. Source: 10-Q Item 2 MD&A, p.21
Key risk: Profitability pressure from operating-expense growth
Q2 FY2026 SG&A expense increased 8.3%, faster than revenue growth of 6.0%, and GAAP net income declined 10.7% to $227.6M. Continued cost growth relative to sales could further pressure operating profitability.