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Can Snap-on's Apollo Launch Accelerate Diagnostic Tool Sales?
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Key Takeaways
SNA's Apollo handheld diagnostic unit drove strength in independent repair shops during the second quarter.
Apollo offers guided diagnostics, broad vehicle coverage and a database of 660 billion vehicle events.
SNA reports strong Apollo orders and van-channel sales, and power tools & torque drive strategic pivot growth.
Snap-on Incorporated (SNA - Free Report) reported encouraging demand for its newly launched Apollo handheld diagnostic unit in the second quarter of 2026. Management identified Apollo as a key contributor to the strength of independent repair shops within its Repair Systems and Information (RS&I) business, highlighting the product's promising early performance.
Apollo provides an entry point for technicians seeking intelligent diagnostics at a moderate cost. Its features include proprietary information, broad manufacturer and model coverage, and guided diagnostic workflows. Its SureTrack database contains 660 billion vehicle events and 3.4 billion repair records. Improved display visibility, extended battery life, wireless vehicle connectivity and increased storage are designed to improve usability and speed. Sales through Snap-on's van channel were strong, and management reported robust momentum following the launch.
Management noted that Apollo received a strong order and achieved a stronger launch than it historically had relative to other diagnostic products. Although positioned at the entry level of intelligent diagnostics, Apollo remains expensive, and its previous launches were generally less successful than those of other diagnostic products. The latest launch was therefore encouraging and contributed to the strength of the independent repair shop business.
However, management clarified that Apollo was not a product associated with the company's strategic pivot, as its launch would have proceeded regardless of that initiative. By contrast, management directly linked growth in power tools and torque products to the pivot, estimating that pivot-related products accounted for two-thirds or more of the overall growth. Overall, Apollo's strong launch and continued sales momentum provide encouraging signs for its contribution to Snap-on's diagnostic business, particularly among independent repair shops.
The Zacks Rundown for SNA
Snap-on’s shares have lost 10.7% in the past three months compared with the industry’s 6.1% decline.
Image Source: Zacks Investment Research
From a valuation standpoint, SNA trades at a forward price-to-earnings ratio of 17.24 compared with the industry’s average of 17.80. The company currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for SNA’s current and next fiscal-year sales and earnings implies a rise of 1.1% and 7.3%, respectively, from the previous year figures.
Image Source: Zacks Investment Research
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The Zacks Consensus Estimate for KTB’s current fiscal-year sales and earnings implies a decline of 14.3% and 6.1%, respectively, from the year-ago figures. KTB delivered a trailing four-quarter earnings surprise of 21.4%, on average.
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View the Zacks #1 Rank List
Image: Bigstock
Can Snap-on's Apollo Launch Accelerate Diagnostic Tool Sales?
Key Takeaways
Snap-on Incorporated (SNA - Free Report) reported encouraging demand for its newly launched Apollo handheld diagnostic unit in the second quarter of 2026. Management identified Apollo as a key contributor to the strength of independent repair shops within its Repair Systems and Information (RS&I) business, highlighting the product's promising early performance.
Apollo provides an entry point for technicians seeking intelligent diagnostics at a moderate cost. Its features include proprietary information, broad manufacturer and model coverage, and guided diagnostic workflows. Its SureTrack database contains 660 billion vehicle events and 3.4 billion repair records. Improved display visibility, extended battery life, wireless vehicle connectivity and increased storage are designed to improve usability and speed. Sales through Snap-on's van channel were strong, and management reported robust momentum following the launch.
Management noted that Apollo received a strong order and achieved a stronger launch than it historically had relative to other diagnostic products. Although positioned at the entry level of intelligent diagnostics, Apollo remains expensive, and its previous launches were generally less successful than those of other diagnostic products. The latest launch was therefore encouraging and contributed to the strength of the independent repair shop business.
However, management clarified that Apollo was not a product associated with the company's strategic pivot, as its launch would have proceeded regardless of that initiative. By contrast, management directly linked growth in power tools and torque products to the pivot, estimating that pivot-related products accounted for two-thirds or more of the overall growth.
Overall, Apollo's strong launch and continued sales momentum provide encouraging signs for its contribution to Snap-on's diagnostic business, particularly among independent repair shops.
The Zacks Rundown for SNA
Snap-on’s shares have lost 10.7% in the past three months compared with the industry’s 6.1% decline.
Image Source: Zacks Investment Research
From a valuation standpoint, SNA trades at a forward price-to-earnings ratio of 17.24 compared with the industry’s average of 17.80. The company currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for SNA’s current and next fiscal-year sales and earnings implies a rise of 1.1% and 7.3%, respectively, from the previous year figures.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks have been discussed below:
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The Zacks Consensus Estimate for CRI’s current fiscal-year sales implies growth of 3.1%, while the same for earnings implies a decline of 5.5% from the year-ago figures. CRI delivered a trailing four-quarter earnings surprise of 415.9%, on average.
Kontoor Brands, Inc. (KTB - Free Report) , a lifestyle apparel company, designs, manufactures, procures, sells and licenses apparel, footwear and accessories, primarily under the Wrangler, Lee, and Helly Hansen brands. At present, KTB carries a Zacks Rank of 2.
The Zacks Consensus Estimate for KTB’s current fiscal-year sales and earnings implies a decline of 14.3% and 6.1%, respectively, from the year-ago figures. KTB delivered a trailing four-quarter earnings surprise of 21.4%, on average.
The Toro Company (TTC - Free Report) provides professional turf maintenance equipment and services. It operates through Professional and Residential segments. At present, TTC carries a Zacks Rank of 2.
The Zacks Consensus Estimate for TTC’s current fiscal-year sales and earnings implies growth of 6.5% and 10.5%, respectively, from the year-ago figures. TTC delivered a trailing four-quarter earnings surprise of 7.2% on average.