Snap-on (SNA) Q3 2026 Earnings
Prior-year Q3 2025 included a $22.0 million ($16.2 million after-tax, or $0.31 per diluted share) benefit from the settlement of a legal matter; no comparable one-time item in Q3 2026.
How Did SNA Stock React to Q3 2026 Earnings?
Did SNA Beat Earnings? Q3 2026 Results
No. Snap-on reported Q3 2026 earnings of $4.64 a share on Oct 22, 2026, missing the $4.93 consensus estimate by 5.8%. Revenue was $1.2B against a $1.2B estimate.
Snap-on Inc. delivered a disappointing third quarter, missing Wall Street expectations on both the top and bottom lines as a sharp pullback in its tools segment weighed heavily on results. The Kenosha-based tool maker reported GAAP diluted EPS of $4.64, falling 5.82% short of the $4.93 consensus estimate, while net sales of $1.18 billion trailed the $1.24 billion forecast by 4.31% and declined 8.4% from a year ago; notably, the prior-year quarter included a $22.0 million legal settlement that contributed $0.31 per diluted share after tax. The central culprit was the Snap-on Tools Group, where an accelerated rise in diesel prices prompted franchisees to draw down inventories, driving a 7.0% organic sales decline and compressing operating margins to 18.0% from 21.7%. Providing some offset, the Commercial & Industrial Group posted robust 7.4% organic growth, fueled in part by rising demand for precision torque tools in data centers and other critical industries. Looking ahead, management projects full-year capital expenditures of approximately $100 million and an effective tax rate of roughly 22%, expressing confidence in the resilience of its core markets.
- Commercial & Industrial Group posted 7.4% organic sales growth led by critical industries and precision torque arena
- Snap-on Tools Group organic sales declined 7.0% due to franchisee inventory reductions prompted by accelerated diesel price increases
- Repair Systems & Information Group organic sales declined 5.5% primarily due to reduced OEM dealership activity
- Acquisition-related sales of $25.6 million partially offset organic declines
- Gross margins remained strong despite headwinds through Snap-on Value Creation initiatives
- Prior-year Q3 2025 results included $22.0 million legal settlement benefit
“Our third quarter was mixed with varied outcomes among our business groups. The results were principally marked by the unprecedentedly accelerated rise in diesel prices, which in our mobile van channel prompted franchisees to reduce inventories despite very stable demand from their technician customers, substantially impacting the Tools Group in the period and overcoming what was an encouraging, record-setting performance in the Commercial & Industrial Group, led by gains in the critical industries and the precision torque arena.”
Snap-on CEO, on the earnings call
What Is Snap-on's Outlook?
Snap-on believes its markets and operations possess continuing resilience against current environmental uncertainties. The company expects ongoing progress along its growth runways, leveraging capabilities in automotive repair while expanding into adjacent markets, additional geographies, and critical industries. Capital expenditures for full-year 2026 are projected to approximate $100 million, of which $69.0 million was incurred in the first nine months. The full-year 2026 effective income tax rate is anticipated to approximate 22%.
SNA YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.2B | $1.3B | −8.4% |
| Gross Profit | $603.6M | $674.8M | −10.6% |
| Operating Income | $316.4M | $347.4M | −8.9% |
| Net Income | $243.0M | $265.4M | −8.4% |
SNA Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.