Fastenal's Fastenal Managed Inventory platform grew 16.4% year over year to $1.08 billion in the second quarter of 2026, reaching 44.6% of total revenues. Weighted FASTBin and FASTVend signings rose 8.3% to 6,993 units, while the installed base increased 6.5% to 140,789 machine-equivalent units. SG&A expenses improved to 23.5% of sales from 24.4% a year ago, helping operating margin hold at 21% despite a 75-basis-point decline in gross margin. Contract sales rose 17.6% and represented 75.8% of quarterly sales, while customer sites generating at least $50,000 per month increased 16.5%. Management views FMI installations as leading indicators of future sales, retention and operating efficiency.
Fastenal CompanyFMI platform sales grew 16.4% to $1.08B, reaching 44.6% of revenue, indicating strong customer adoption.
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