Analyst Consensus ?
ConsensusHold17 ratings
Bullish1164.7%
Neutral423.5%
Bearish211.8%
Snap-on Incorporated · SNA · FY2026 Q2 · Calendar Q3 2026
Snap-on Q2: C&I strength offsets mix-driven margin pressure
The quarter supports a constructive but conditional view: resilient vehicle-repair and critical-industry demand, plus product and diagnostic expansion, were evident in C&I growth and the APOLLO launch. The evidence is tempered by mix-related margin pressure, softer financial services and exposure to tariffs, OEM weakness and military demand.
Reported Before market openNYSEIndustrials
$19.13B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$4.96
Consensus $4.95
EPS surprise
+0.2%
Reported versus consensus
Reported revenue
$1.24B
Consensus $1.22B
Revenue surprise
+1.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-2.6%
Event window
SPY move
-1.2%
Same window
Abnormal move
-1.4%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
-1.0%
Up to 20 sessions
SNASPY benchmark
Ask FN2 about SNA FY2026 Q2
Transcript, numbers and history already loaded
Why did SNA fall 2.6% after beating EPS estimates in FY2026 Q2?What changed in SNA's guidance and outlook in FY2026 Q2?Give me the bull and bear case for SNA after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, Snap-on's growth narrative remained centered on vehicle complexity and critical-industry demand, while Q2 added the APOLLO diagnostic launch and Diesel Laptops contribution. C&I momentum strengthened, but Tools and RS&I mix pressure and lower loan originations became clearer watch items.
Guidance delta
Management's guidance sentiment was maintained; no quantitative guidance change was supplied.
Key takeaways
- Revenue grew 4.7% year over year and EPS rose 5.1%.
- Commercial & Industrial delivered double-digit sales growth and a record 16.8% operating margin.
- Tools and RS&I faced margin pressure from product mix, while the APOLLO launch supported RS&I.
- Financial-services revenue and loan originations declined modestly.
- Management highlighted durable repair demand and critical-industry opportunities, but cited tariffs, supply-chain volatility and weaker OEM and military demand as risks.
Management priorities
- Continue shifting toward high-payback power tools, torque and diagnostic products
- Broaden the APOLLO rollout and develop proprietary diagnostic databases
- Increase in-sourcing to mitigate tariff exposure
- Pursue data-center torque opportunities tied to Mountz
- Maintain roughly $100 million of annual capital expenditure and continue share repurchases
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$369.75Current
$240Low
$390.56Average
$485High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 22, 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 |
|---|---|---|---|---|
| Tigress Financial | Buy | Buy | Maintain | Jul 31, 2026 |
| Roth Capital | Buy | Buy | Maintain | Jul 24, 2026 |
| Baird | Neutral | Neutral | Maintain | Apr 24, 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 $369.75. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Tigress Financial | Ivan Feinseth | $485 | $412.34 | +31.2% | Jul 31, 2026 |
| Roth Capital | Scott Stember | $461 | $400.78 | +24.7% | Jul 24, 2026 |
| Robert W. Baird | Luke Junk | $415 | $395.41 | +12.2% | Jul 24, 2026 |
| Barclays | Analyst unavailable | $420 | $372.13 | +13.6% | May 28, 2026 |
| Roth Capital | Scott Stember | $431 | $389.52 | +16.6% | Apr 24, 2026 |
| Robert W. Baird | Analyst unavailable | $395 | $390.75 | +6.8% | Apr 24, 2026 |
| Robert W. Baird | Luke Junk | $380 | $386.86 | +2.8% | Apr 21, 2026 |
| Roth Capital | Analyst unavailable | $409 | $369.01 | +10.6% | Feb 10, 2026 |
| Robert W. Baird | Luke Junk | $375 | $369.21 | +1.4% | Feb 6, 2026 |
| Robert W. Baird | Analyst unavailable | $370 | $366.63 | +0.1% | Jan 30, 2026 |
| Tigress Financial | Analyst unavailable | $405 | $345.96 | +9.5% | Oct 21, 2025 |
| Robert W. Baird | Analyst unavailable | $365 | $337.81 | -1.3% | Oct 17, 2025 |
| Roth Capital | Analyst unavailable | $385 | $340.8 | +4.1% | Oct 17, 2025 |
| Tigress Financial | Ivan Feinseth | $395 | $325.27 | +6.8% | Aug 29, 2025 |
| Robert W. Baird | Luke Junk | $347 | $337.94 | -6.2% | Jul 18, 2025 |
| Tigress Financial | Analyst unavailable | $390 | $334.08 | +5.5% | Mar 3, 2025 |
| CFRA | Jonathan Sakraida | $285 | $275.74 | -22.9% | Sep 10, 2024 |
| Tigress Financial | Ivan Feinseth | $336 | $273.47 | -9.1% | Jul 25, 2024 |
| Robert W. Baird | Luke Junk | $282 | $261.76 | -23.7% | Apr 19, 2024 |
| CFRA | Jonathan Sakraida | $265 | $294.63 | -28.3% | Apr 2, 2024 |
| Tigress Financial | Elizabeth Suzuki | $240 | $297.61 | -35.1% | Mar 11, 2024 |
| Tigress Financial | Analyst unavailable | $298 | $223.26 | -19.4% | Apr 26, 2022 |
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Start freeCompany 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.…
Historical context
All SNA earningsIndustrials peers this season
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|---|---|---|---|---|
| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
| DCI Donaldson Company, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1.8% | +2.1% | Donaldson posts record FY26 and targets further growth |
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
Get the SNA recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-14T20:17:31.769295+00:00
- FN2 earnings calendar · 2026-08-27T01:23:13.912278+00:00
- Polygon adjusted daily market bars · 2026-09-22T02:20:50.371472+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-22T02:20:50.368049+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.