Stanley Black & Decker (SWK) Beats Q2 2026 EPS by 30%, Raises Guidance
As seen on the 24/7 Wall St. homepage on July 29, 2026.
Stanley Black & Decker smashed second-quarter EPS expectations by 30%, delivering $1.57 versus $1.20 consensus, with tariff refunds adding roughly $0.17 to the beat and lifting gross margin 600 basis points to 33%. Management raised full-year adjusted EPS guidance to $5.20 to $5.80, signaling 18% growth at the midpoint on organic expansion in U.S. retail and commercial channels.
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Stanley Black & Decker delivered $1.57 in adjusted EPS for the second quarter of 2026, clearing the $1.20 consensus estimate by roughly 30%. A portion of that outperformance came from tariff refunds, which added approximately $0.17 to the beat and helped push gross margin up 600 basis points to 33%. Revenue came in at $3.96 billion, essentially in line with the $3.96 billion estimate.
The earnings history shows a company that has consistently topped expectations over the past several quarters, with the Q2 2026 beat standing as the widest margin of outperformance in at least the last nine periods tracked. The gross margin expansion is particularly notable given the cost pressures many industrial manufacturers have faced, and the tariff refund tailwind suggests some of that relief may not recur at the same level going forward.
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Management responded to the strong quarter by raising full-year adjusted EPS guidance to a range of $5.20 to $5.80, which implies roughly 18% growth at the midpoint. The company cited organic expansion in U.S. retail and commercial channels as a key driver, making the trajectory of those end markets the central thing for investors to watch in the back half of the year.
Mentioned: SWK