Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Snap-on delivered Q2 FY2026 revenue of $1,334.8M (+4.2% YoY) and diluted EPS of $4.96 (+5.1% YoY), with operating margin slightly compressing to 25.2% from 25.5% as higher personnel and technology costs offset gross margin gains from RCI initiatives and volume growth.
Revenue
$1.33B
+4.19% YoY
EPS (Diluted)
$4.96
+5.08% YoY
Operating Income
$336.4M
+2.78% YoY
Source: SEC XBRL
Snap-on (SNA) reported Q2 FY2026 revenue of $1.33B, up 4.2% year over year. Operating margin was 25.2%, down 0.3 points from 25.5% a year earlier. SNA's fiscal Q2 FY2026 corresponds to calendar Q3 2026.
Last 4 quarters: 0 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 4.96 | 5.00 | Miss -0.8% |
| Mar 2026 | 4.69 | 4.80 | Miss -2.3% |
| Dec 2025 | 4.94 | 4.97 | Miss -0.5% |
| Jun 2000 | 0.75 | 0.77 | Miss -3.1% |
Compiled by AI from 10-Q Item 2 of this filing
Net sales of $1,235.1 million in Q2 2026 (non-financial-services basis) increased $55.7 million, or 4.7%, reflecting a $35.5 million (3.0%) organic gain, $11.5 million of acquisition-related sales (Diesel Laptops and Hi-Force), and $8.7 million of favorable foreign currency translation.
Source: 10-Q Item 2 MD&A
Gross profit of $635.2 million improved 90 bps to 51.4% of net sales, primarily reflecting increased sales volumes and savings from the company's Rapid Continuous Improvement (RCI) initiatives.
Source: 10-Q Item 2 MD&A
Commercial & Industrial Group segment net sales rose 13.8% to $395.8 million with operating margin jumping to 16.8% from 13.5% last year, driven by double-digit gains in Asia Pacific, European hand tools, and specialty torque/power tools operations.
Source: 10-Q Item 2 MD&A
Snap-on acquired Diesel Laptops, LLC for $99.7 million (June 8, 2026) to expand diagnostics for commercial trucks/off-highway vehicles, and Hi-Force Group Holdings Ltd. for $58.0 million (April 30, 2026) to expand high-pressure hydraulic tools and torque equipment offerings.
Source: 10-Q Item 2 MD&A
Repair Systems & Information Group operating earnings declined to $115.1 million (24.0% margin, down from 25.6%) due to higher personnel/technology costs and lower-margin product mix, while Snap-on Tools Group operating earnings slipped to $115.1 million (22.6% margin, down from 23.8%) on increased personnel and freight costs.
Source: 10-Q Item 2 MD&A
Compiled by AI from this SEC filing · 0 high, 4 medium, 1 low
Operating expenses rose 8.9% YoY in Q2 to $366.3 million (29.6% of net sales, up 110 bps), driven by increased personnel costs and expanded technology investments, which is compressing operating margin despite gross margin gains.
Source: 10-Q Item 2 MD&A
Financial services revenue declined 2.0% YoY to $99.7 million in Q2, primarily due to a lower year-over-year average portfolio, and originations fell 4.1% to $281.0 million, signaling potential softening demand in the credit/finance channel.
Source: 10-Q Item 2 MD&A
The filing cites disruptions related to tariffs and other trade or sanction issues, and global supply chain inefficiencies as risks; foreign currency effects created 20-40 bps of margin headwinds in segments like Repair Systems & Information Group during the first six months of 2026.
Source: 10-Q Item 2 MD&A
Segment operating earnings for Repair Systems & Information Group fell 3.9% YoY to $115.1 million in Q2, with margin contracting to 24.0% from 25.6%, driven by higher sales of lower gross-margin products and increased personnel/technology costs, alongside a decline in OEM dealership activity.
Source: 10-Q Item 2 MD&A
Current liabilities increased 40.0% YoY to $1,317.9 million, significantly outpacing the 7.2% growth in current assets, which could indicate increased short-term obligations though the current ratio remains healthy at 3.43x.
Source: 10-Q Balance Sheet (XBRL)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 1.33 $B | 1.28 $B | +4.19% |
Operating Income $M | 336.40 $M | 327.30 $M | +2.78% |
Net Income $M | 260.60 $M | 250.30 $M | +4.12% |
EPS (Basic) $ | 5.04 $ | 4.80 $ | +5.00% |
EPS (Diluted) $ | 4.96 $ | 4.72 $ | +5.08% |
Answers draw on this SEC filing and the data on this page
Snap-on Incorporated delivered solid Q2 2026 results with revenue of $1.31B (+5.2% YoY) and net income of $247.0M (+2.7% YoY), supported by strong operating cash flow of $368.7M (+23.5% YoY), though operating margin compressed slightly to 24.4%.
Snap-on Incorporated (SNA) delivered modest revenue growth of 0.9% to $5.16B in FY2025, but faced slight margin compression as net income declined 2.6% to $1.02B amid higher operating costs and increased R&D investment.
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