Q2 26 EPS
$4.96
BEAT +0.14%
Est. $4.95
Q2 26 Revenue
$1.33B
BEAT +9.42%
Est. $1.22B
vs S&P Since Q2 26
-2.3%
TRAILING MARKET
SNA +2.3% vs S&P +4.6%
Market Reaction
Did SNA Beat Earnings? Q2 2026 Results
Snap-on Inc. Delivered a solid second quarter for fiscal 2026, posting earnings per share of $4.96 against a consensus estimate of $4.95 and revenue of $1.33 billion that ran well ahead of the $1.22 billion analysts had expected, a 9.42% positive sur… Read more Snap-on Inc. Delivered a solid second quarter for fiscal 2026, posting earnings per share of $4.96 against a consensus estimate of $4.95 and revenue of $1.33 billion that ran well ahead of the $1.22 billion analysts had expected, a 9.42% positive surprise on the top line and a 4.2% gain from a year ago. The clearest driver behind the results was a meaningful expansion in gross margin to 51.4% from 50.5% a year earlier, which amplified the benefit of organic growth across most of the company's segments; the Commercial and Industrial Group was the standout, delivering 11.0% organic sales growth with operating margins widening 330 basis points to 16.8%. Two acquisitions completed during the quarter, Hi-Force Hydraulic Tools and Diesel Laptops, drew particular investor focus ahead of the report, as analysts had flagged integration progress as a key watchpoint. Operating cash flow strengthened to $271.50 million from $237.20 million a year ago, underscoring the cash generation that has anchored the investment case. Looking ahead, Snap-on projects full-year capital expenditures of approximately $100 million and anticipates an effective tax rate near 22%.
Key Takeaways
- • 3.0% organic sales growth driven by higher sales across segments
- • Gross margin expansion to 51.4% from 50.5% year over year
- • Commercial & Industrial Group 11.0% organic sales gain with 330 basis point margin improvement
- • Continuing sales growth in U.S. Tools Group
- • Gains in Asia Pacific and European-based hand tools operations
- • Lower effective tax rate of 21.9% versus 22.5% in prior year
- • Increased sales of undercar equipment and diagnostic products to independent repair shop owners
SNA Forward Guidance & Outlook
Snap-on expects to make ongoing progress along its runways for coherent growth, leveraging capabilities proven in automotive repair and expanding into adjacent markets, additional geographies, and critical industries. The company projects 2026 capital expenditures of approximately $100 million, of which $44.3 million was incurred in the first half. The full-year 2026 effective income tax rate is anticipated to approximate 22%. Management emphasized the broad resilience of its markets and operations against current environmental uncertainties.
SNA YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
SNA Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our performance was again encouraging, demonstrating the broad resilience of our markets, the substantial power of our business models, and the considerable advantages we hold in product, brand and people, driving ongoing overall momentum in sales and earnings and achieving improved gross margins, overcoming an environment of significantly increasing turbulence.”
— Nick Pinchuk, Q2 2026 Earnings Press Release
SNA Earnings Trends
SNA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SNA EPS Trend
Earnings per share: estimate vs actual
SNA Revenue Trend
Quarterly revenue: estimate vs actual
SNA Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $4.95 | $4.96 | +0.14% | $1.33B | +9.42% |
| Q1 26 MISS | $4.75 | $4.69 | -1.24% | $1.21B | +2.48% |
| Q4 25 BEAT FY | $4.92 | $4.94 | +0.33% | $1.23B | -0.44% |
| FY Full Year | — | $19.19 | — | $4.74B | — |
| Q3 25 BEAT | $4.65 | $5.02 | +8.07% | $1.19B | +2.69% |
| Q2 25 BEAT | $4.66 | $4.72 | +1.38% | $1.18B | +1.86% |