Snap-on Q3 sales slip to $1.18B, miss Wall Street estimates

• Snap-on reported third-quarter 2026 net sales of $1.1837 billion, down 0.6% year over year, missing analysts' $1.24 billion estimate.
• Diluted earnings per share fell to $4.64 from $5.02, missing consensus estimates of $4.93, while net earnings declined to $243 million.
• Snap-on expects approximately $100 million in capital spending for 2026 as it expands its industrial customer base and invests in product development.

Snap-on (NYSE:SNA) reported third-quarter 2026 net sales of $1.1837 billion, down 0.6%, as earnings per share declined to $4.64.

Revenue missed analysts' $1.24 billion forecast, while diluted earnings per share fell below the $4.93 consensus estimate by $0.29.

Net earnings declined to $243 million from $265.4 million, while consolidated operating earnings fell to $316.4 million from $347.4 million.

Snap-on expects approximately $100 million in 2026 capital spending while pursuing growth across vehicle repair, industrial markets and additional geographies.

Commercial and Industrial sales increased to $404.3 million, while Tools Group sales declined to $471.5 million amid higher diesel costs.

Snap-on acquired Diesel Laptops and Hi-Force Hydraulic Tools earlier in 2026, expanding its vehicle diagnostic and industrial equipment operations.