Snap-on Incorporated · SNA · FY2025 Q2 · Calendar Q3 2025

Snap-on Holds Margins as New Products Offset Uneven Demand

The supplied analysis supports a cautiously constructive view: product launches, automotive-repair demand and efficiency initiatives are helping offset uneven sales, but the durability of growth remains dependent on demand, tariff and FX conditions.

Reported Before market openNYSEIndustrials $18.62B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $4.72 Consensus $4.63
EPS surprise +1.9% Reported versus consensus
Reported revenue $1.28B Consensus $1.16B
Revenue surprise +10.8% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +7.9% Event window
SPY move +0.6% Same window
Abnormal move +7.3% Stock minus SPY
Volume 2.2× Versus trailing sessions
Subsequent drift -3.9% Up to 20 sessions
SNASPY benchmark

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Transcript intelligence

What changed

Compared with the prior quarter, management's tone improved from cautious to confident. The focus broadened from lower-priced, quick-payback products and software traction to a wider set of new launches, the Triton platform, efficiency initiatives and selective acquisitions; tariff, FX and regional-demand risks persisted.

Guidance delta

Maintained; no new numerical guidance change was identified in the supplied analysis.

Key takeaways

  • Management described flat sales with a modest organic decline, while gross margin remained resilient.
  • The product mix is shifting toward shorter-payback tools and diagnostics, including the Triton platform.
  • International and project-related demand remain uneven, with tariff and geopolitical risks still central.
  • The quarter's tone was more confident than the prior quarter, but financial-services and collision-repair weakness remain concerns.

Management priorities

  • Launch additional hand-tool and torque-multiplier models
  • Expand the Triton diagnostic platform and related software
  • Maintain planned capital investment and share-repurchase capacity
  • Pursue selective acquisitions in repair-shop services and critical industries

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Earnings History

Estimate Beat Miss Match
SNA REVENUE earnings history estimate and actual scatter chart 7 reported fiscal quarters and 4 future estimate-only quarters. Q4 '23 estimate $1B Q4 '23 actual $1B, beat Q1 '24 estimate $1B Q1 '24 actual $1B, beat Q2 '24 estimate $1B Q2 '24 actual $1B, beat Q2 '26 estimate $1B Q2 '26 actual $1B, beat Q3 '26 estimate $1B Q3 '26 actual $1B, beat Q4 '26 estimate $1B Q4 '26 actual $1B, miss Q1 '27 estimate $1B Q1 '27 actual $1B, beat Q2 '27 estimate $1B Q3 '27 estimate $1B Q4 '27 estimate $1B Q1 '28 estimate $1B

Analyst Consensus ?

ConsensusBuy18 ratings
Bullish1266.7%
Neutral422.2%
Bearish211.1%

Analyst 52W Price Targets

$360.6Current
$240Low
$392.22Average
$485High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 9, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Barclays Overweight OverweightMaintainOct 6, 2026
Tigress Financial Buy BuyMaintainJul 31, 2026
Roth Capital Buy BuyMaintainJul 24, 2026
Baird Neutral NeutralMaintainApr 24, 2026
Barrington Research Outperform OutperformMaintainOct 15, 2025
Show 13 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $360.6. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
BarclaysAnalyst unavailable$435$367.4 +20.6%Oct 6, 2026
Tigress FinancialIvan Feinseth$485$412.34 +34.5%Jul 31, 2026
Roth CapitalScott Stember$461$400.78 +27.8%Jul 24, 2026
Robert W. BairdLuke Junk$415$395.41 +15.1%Jul 24, 2026
BarclaysAnalyst unavailable$420$372.13 +16.5%May 28, 2026
See 18 more

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Company context

Snapshot as of publication

Snap-on Incorporated, a global provider based in Kenosha, Wisconsin, specializes in the production and distribution of an extensive range of tools, equipment, diagnostic systems, and repair information solutions for professional users worldwide. The company operates through its Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments. Its comprehensive product portfolio includes a diverse selection of hand tools like wrenches, sockets, pliers, screwdrivers, cutting and pruning tools, and torque measuring instruments. Snap-on also supplies various power tools (cordless, pneumatic, hydraulic, and corded) and robust tool storage solutions such as chests and roll cabinets.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
  3. Polygon adjusted daily market bars · 2026-10-09T14:20:47.468296+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T14:20:47.465554+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-09. For educational purposes only; not investment advice.