EarningsQ2 2026 Earnings Report
MX:SWK Q2 2026 EPS Results
Actual EPS$28.51
Consensus EPS$21.97
Beat/MissBeat by +$6.54
One Year Ago EPS$19.61
MX:SWK Q2 2026 Revenue Results
Actual Revenue$71.93B
Expected Revenue$72.04B
Beat/MissMissed by -$111.91M
YoY Revenue Growth+0.39%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
MX:SWK Upcoming Earnings
Stanley Black & Decker's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:SWK Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call presented stronger-than-expected operational and margin performance, an EPS beat, meaningful balance-sheet repair (approximately $1.7B debt reduction and share buybacks), raised EPS guidance and clear brand and go-to-market progress (notably DEWALT and power tools). Offsetting weaknesses included headline revenue declines tied to portfolio divestitures, outdoor demand softness, regional headwinds in parts of Europe and geopolitical/import tariff uncertainty with persistent inflationary pressures that may require future price actions. Management emphasized disciplined capital allocation and reinvesting temporary tariff benefits into growth, while maintaining conservative assumptions on future tariff timing.Company Guidance
Revenue and Organic Growth
Total company revenue for Q2 was in line with prior year with organic revenue up 3% year-over-year, driven primarily by U.S. volume strength across retail and commercial & industrial channels.
Strong Margin Expansion
Adjusted gross margin rate improved to 33.7% in Q2, up 620 basis points year-over-year (including ~250 bps benefit from net tariff refunds); adjusted EBITDA margin was 11.3%, up 320 basis points year-over-year.
EPS Outperformance and Guidance Raise
Q2 adjusted EPS was $1.57, $0.37 above the midpoint of prior guidance. Company raised and tightened 2026 adjusted EPS guidance to $5.20–$5.80 (midpoint ~18% YoY growth) and increased full-year EPS midpoint by $0.20 versus prior guidance.
Tools & Outdoor Segment Strength
Tools & Outdoor Q2 revenue ~ $3.6B, up 3% year-over-year (organic +3% driven by 3% volume growth), with adjusted segment margin of 11.8% up 380 basis points YoY (net productivity and favorable mix; ~150 bps from tariff refunds).
Product-Line Performance — Power Tools
Power tools organic revenue increased 8% in Q2, the strongest growth noted across product lines; hand tools/accessories/storage organic revenue up 2%.
Balance Sheet and Capital Allocation Actions
Following the CAM divestiture, company used proceeds and operating cash to pay down approximately $1.7 billion of debt and repurchased 3.2 million shares for $250 million; weighted shares expected to be ~151 million for the year.
Engineered Fastening Organic Growth and Margin
Engineered Fastening reported a 3% organic revenue increase (volume +2%, price +1%) despite a headline revenue decline due to divestiture; adjusted segment margin expanded to 13%, up 220 basis points YoY (including ~50 bps from tariff refunds).
Cash Flow and Inventory Progress
Raised free cash flow range to $600M–$800M (including CAM taxes/fees) and $800M–$1B excluding such payments; first-half free cash flow ~ $250M and continued progress reducing inventory toward pre-pandemic norms (targeting ~135 days).
Brand and Go-to-Market Execution
DEWALT, STANLEY and CRAFTSMAN all saw positive organic growth in Q2; DEWALT investments in commercial & industrial channels (project solution managers, Perform & Protect, digital solutions) are driving stronger penetration and demand generation. DEWALT Grow the Trades: $27M invested over 3 years, $60M commitment by 2030.
MX:SWK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed