Analyst Consensus ?
ConsensusHold17 ratings
Bullish1164.7%
Neutral423.5%
Bearish211.8%
Snap-on Incorporated · SNA · FY2026 Q1 · Calendar Q2 2026
Snap-on Q1 2026: Record revenue beats estimates as C&I surges 10.8%
Snap-on delivered record first-quarter sales of $1.207 billion, up 5.8% year-over-year, with the Commercial & Industrial segment surging 10.8% on critical-industry demand from aviation, heavy-duty, and data-center applications. Despite tariff and currency headwinds, the Tools segment expanded operating margin by 160 basis points to 21.6%. EPS of $4.69 came in 1.3% below the $4.75 consensus, while revenue exceeded estimates by 2.5%. Management expressed confidence in market durability while acknowledging ongoing macro uncertainty. The stock initially rose on the results but drifted approximately 7.3% lower in subsequent weeks.
Reported Before market openNYSEIndustrials
$21.16B market cap
100quality score
Company context
Snapshot as of publicationSnap-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.…
Earnings scorecard
Reported versus consensus
Reported EPS
$4.69
Consensus $5
EPS surprise
-1.3%
Reported versus consensus
Reported revenue
$1.21B
Consensus $1.18B
Revenue surprise
+2.5%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$409.05Current
$240Low
$380.56Average
$461High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 31, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Roth Capital | Buy | Buy | Maintain | Jul 24, 2026 |
| Baird | Neutral | Neutral | Maintain | Apr 24, 2026 |
| Tigress Financial | Buy | Buy | Maintain | Feb 27, 2026 |
| Barrington Research | Outperform | Outperform | Maintain | Oct 15, 2025 |
| B of A Securities | Underperform | Underperform | Maintain | Jul 18, 2025 |
| Longbow Research | Buy | Neutral | Upgrade | Mar 31, 2025 |
| Roth MKM | Buy | Buy | Maintain | Oct 22, 2024 |
| Oppenheimer | Perform | Outperform | Downgrade | Dec 6, 2022 |
| MKM Partners | Neutral | Neutral | Maintain | Jun 10, 2022 |
| UBS | Sell | Sell | Maintain | Sep 16, 2020 |
| Bank of America | Neutral | Buy | Downgrade | Apr 16, 2019 |
| CL King | Buy | Buy | Maintain | Jun 28, 2016 |
| Northcoast Research | Buy | Buy | Maintain | Mar 18, 2015 |
| Wunderlich Securities | Buy | Buy | Maintain | Dec 2, 2014 |
| Wunderlich | Buy | Buy | Maintain | Dec 2, 2014 |
| Janney Montgomery Scott | Buy | Neutral | Upgrade | Sep 11, 2013 |
| Janney Capital | Buy | Neutral | Upgrade | Sep 11, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $409.05. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Roth Capital | Scott Stember | $461 | $400.78 | +12.7% | Jul 24, 2026 |
| Robert W. Baird | Luke Junk | $415 | $395.41 | +1.5% | Jul 24, 2026 |
| Barclays | Analyst unavailable | $420 | $372.13 | +2.7% | May 28, 2026 |
| Roth Capital | Scott Stember | $431 | $389.52 | +5.4% | Apr 24, 2026 |
| Robert W. Baird | Analyst unavailable | $395 | $390.75 | -3.4% | Apr 24, 2026 |
| Robert W. Baird | Luke Junk | $380 | $386.86 | -7.1% | Apr 21, 2026 |
| Roth Capital | Analyst unavailable | $409 | $369.01 | -0.0% | Feb 10, 2026 |
| Robert W. Baird | Luke Junk | $375 | $369.21 | -8.3% | Feb 6, 2026 |
| Robert W. Baird | Analyst unavailable | $370 | $366.63 | -9.5% | Jan 30, 2026 |
| Tigress Financial | Analyst unavailable | $405 | $345.96 | -1.0% | Oct 21, 2025 |
| Robert W. Baird | Analyst unavailable | $365 | $337.81 | -10.8% | Oct 17, 2025 |
| Roth Capital | Analyst unavailable | $385 | $340.8 | -5.9% | Oct 17, 2025 |
| Tigress Financial | Ivan Feinseth | $395 | $325.27 | -3.4% | Aug 29, 2025 |
| Robert W. Baird | Luke Junk | $347 | $337.94 | -15.2% | Jul 18, 2025 |
| Tigress Financial | Analyst unavailable | $390 | $334.08 | -4.7% | Mar 3, 2025 |
| CFRA | Jonathan Sakraida | $285 | $275.74 | -30.3% | Sep 10, 2024 |
| Tigress Financial | Ivan Feinseth | $336 | $273.47 | -17.9% | Jul 25, 2024 |
| Robert W. Baird | Luke Junk | $282 | $261.76 | -31.1% | Apr 19, 2024 |
| CFRA | Jonathan Sakraida | $265 | $294.63 | -35.2% | Apr 2, 2024 |
| Tigress Financial | Elizabeth Suzuki | $240 | $297.61 | -41.3% | Mar 11, 2024 |
| Tigress Financial | Analyst unavailable | $298 | $223.26 | -27.1% | Apr 26, 2022 |
Track every rating change on SNA the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
+2.2%
Event window
SPY move
-0.4%
Same window
Abnormal move
+2.6%
Stock minus SPY
Volume
2.1×
Versus trailing sessions
Subsequent drift
-7.3%
Up to 20 sessions
SNASPY benchmark
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Try FN2 freeTranscript intelligence
What changed
Q1 2026 sales reached a record $1.207 billion, up 5.8% YoY, versus $1.232 billion in Q4 2025 (which grew 2.8% YoY). EPS of $4.69 missed the $4.75 estimate by 1.3%, while revenue of $1.207 billion beat the $1.177 billion consensus by 2.5%. The C&I segment accelerated to 10.8% growth from 5% in the prior quarter. Tools operating margin improved 160 bps to 21.6%, following a 150-bps gain in Q4. Financial services revenue and earnings declined modestly on slower loan originations. Management did not provide formal guidance this quarter, compared with a maintained stance in Q4.
Guidance delta
Management did not provide explicit guidance this quarter. Previously outlined 2026 targets include approximately $100 million in capex, a $28 million corporate cost reduction target, and a 22-23% effective tax rate. The capex outlook is described as stable, maintaining the $100 million level. No new guidance metrics were introduced.
Key takeaways
- Record Q1 revenue of $1.207B beat consensus by 2.5%, up 5.8% YoY (3.4% organic)
- EPS of $4.69 missed the $4.75 estimate by 1.3%
- C&I segment grew 10.8%, driven by aviation, heavy-duty, and data-center demand
- Tools operating margin expanded 160 bps to 21.6% despite tariff pressure
- Financial services softened on slower loan originations
- New launches include CTR-887 cordless ratchet, Nano Access tools, and Pro Series Protec AC recycling system
Management priorities
- Continue investing in RCI initiatives and AI-driven database enhancements
- Expand capacity for custom tool kits in critical industries
- Roll out additional short-payback tools and storage products
- Maintain annual capex around $100 million to support growth and capacity
- Leverage new product launches including advanced ratchets and AC recycling systems
Related earnings events
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-31T01:51:23.063793+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-31T01:51:23.060936+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 . For educational purposes only; not investment advice.