Snap-on Standard and Extended Product Warranty Accrual decreased by 0.7% to $14.40M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 6.5%, from $15.40M to $14.40M. Over 5 years (FY 2020 to FY 2025), Standard and Extended Product Warranty Accrual shows a downward trend with a -3.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase may suggest declining product quality or higher expected repair costs, while a decrease suggests improved reliability.
This represents the estimated liability for future costs associated with repairing or replacing products under warranty....
Standard for manufacturing and hardware companies; benchmarked against revenue.
other_product_warranty_accrual| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $18.30M | $18.50M | $17.90M | $17.30M | $16.50M | $16.00M | $15.30M | $14.30M | $14.80M | $14.90M | $14.60M | $14.70M | $14.90M | $15.20M | $15.00M | $15.20M | $15.40M | $15.40M | $15.10M | $14.50M | $14.40M |
| QoQ Change | — | +1.1% | -3.2% | -3.4% | -4.6% | -3.0% | -4.4% | -6.5% | +3.5% | +0.7% | -2.0% | +0.7% | +1.4% | +2.0% | -1.3% | +1.3% | +1.3% | +0.0% | -1.9% | -4.0% | -0.7% |
| YoY Change | — | — | — | — | -9.8% | -13.5% | -14.5% | -17.3% | -10.3% | -6.9% | -4.6% | +2.8% | +0.7% | +2.0% | +2.7% | +3.4% | +3.4% | +1.3% | +0.7% | -4.6% | -6.5% |