Snap-on Q2 Earnings Beat: $4.96 EPS, Gross Margin Expands to 51.4%
SNA sits 30% above its 52-week low of $312.78.
Summary
Snap-on reported Q2 2026 diluted EPS of $4.96, beating estimates, with sales up 4.7% and gross margin improving to 51.4%. The company also closed acquisitions of Hi-Force Hydraulic Tools and Diesel Laptops.
Key Events · Earnings and Guidance · SNA
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Q2 EPS Beat
Diluted EPS of $4.96 exceeded consensus estimates, up from $4.72 a year ago.
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Revenue Growth
Net sales rose 4.7% to $1,235.1 million, with organic sales up 3.0%.
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Gross Margin Expansion
Gross margin improved to 51.4% from 50.5%, reflecting pricing power and cost management.
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Strategic Acquisitions Closed
Completed acquisitions of Hi-Force Hydraulic Tools and Diesel Laptops, expanding torque and diagnostics capabilities.
Analysis · SNA · Manufacturing
A strong second quarter saw diluted EPS reach $4.96, topping consensus, while gross margin expanded 90 basis points to 51.4%. Organic sales grew 3.0%, with the Commercial & Industrial Group surging 11%. The period also brought two strategic acquisitions—Hi-Force Hydraulic Tools and Diesel Laptops—extending Snap-on's reach in critical industries and diagnostics. Against a backdrop of recent insider selling, these results reinforce the company's operational momentum and pricing power.
At the time of this filing, SNA was trading at $406.15 on NYSE in the Manufacturing sector, with a market capitalization of approximately $21B. The 52-week trading range was $312.78 to $419.68. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.