Wheelgun Wednesday: The New Smith & Wesson Model 940-3 9mm Revolver

Zac K
by Zac K

Last year, you might have noticed that Smith & Wesson brought back the Model 940 to be sold exclusively through the distributor Davidson’s. They’ve recently announced a slightly different version of this wheelgun, the Model 940-3, and it appears to be available through Smith & Wesson’s standard catalog instead of being sold as a distributor exclusive.


Self-defense revolvers @ TFB:


The basic details

If you remember our coverage of the Model 940’s reintroduction last summer, well, you’re getting more of the same here. It’s a J-frame platform (with no Hillary hole!) that uses moon clips to allow usage of 9x19mm ammunition—without the moon clips, rimless 9x19mm cartridges are more tricky to manage in a revolver, and since the moon clips also allow for a quicker reload, they aren’t generally considered an annoyance. Still, this is a very rare chambering in a revolver, for multiple reasons, but the ubiquity (and low cost) of 9x19mm makes it desirable to many shooters.

When we first told you about the Davidson’s version, here’s what Daniel said:


“The Model 940 was previously in the S&W revolver lineup, but it was discontinued some years ago. This new iteration has several upgrades over the original. VZ Grips come standard, as well as XS Sights with an improved picture and a tritium night sight in the front blade. The barrel also includes some lightening flutes. Thankfully, like other older Smith & Wesson revolvers, the new 940 does not have the dreaded internal lock mechanism.
“This is a fully stainless steel gun with a 2.17-inch barrel. It weighs in at 23.5 ounces. The hammer is fully internal, and this is a double-action-only revolver. Because the 9mm cartridge is rimless it requires the use of moon clips. Those clips retain the cartridges while they are inserted and ejected from the cylinder as a single unit. Three clips come with the gun.”

The new version in Smith & Wesson’s standard catalog appears to be almost identical. The only noticeable difference is a change to a Hogue OverMolded Rubber Bantam grip, instead of the VZ Diamond Black Cherry grip that was on the 940 sold last year. Some shooters will find this more comfortable and that the oversized rubber grip offers better control, although they are less traditional than a wood grip.

Smith & Wesson Model 940-3 history

The Model 940-3 might be new, but it has a long and respectable history. The original Model 940 was produced from 1991 through 1998, and was chambered in 9×19mm as well as 9×19mmR, aka 9mm Federal (originally developed for the Charter Arms Pit Bull). This cartridge was similar to the .45 Auto Rim load developed after World War I, in that it took a service pistol round and added a rim so that it would be easier to use it in a revolver. The nine-millimeter take on this idea was not as long-lasting as the original .45 Auto Rim.

But the Model 940-3 has a history that really goes back all the way to 1952, when Smith & Wesson introduced the Centennial Model 40 to celebrate 100 years in the gun-making business. The Centennial Model 40 was basically the same revolver as the Model 940, with a J-frame design that had a concealed hammer for double-action-only fire. The original Centennial Model 40 came chambered in a wide range of cartridges, including rimfire loads like .22LR and .22 Magnum, as well as self-defense specialties like .32 H&R Magnum, .38 Special +P, .357 Magnum and .356 TSW. The Centennial Model 40 was also the parent design of the Airweight Centennial (which became the Model 42), with an aluminum frame instead of steel. The Model 640, Model 442, Model 042, Model 340 and Model 342 were also all built on this same basic design, with some versions coming with specialized lightweight components to make them more carry-friendly.


Carrying capacity

Because the Model 940-3 is based on a long-produced Smith & Wesson design, and because this revolver has the same dimensions as the version made in the 1990s, holsters aren’t hard to find. Inside-the-waistband holsters, outside-the-waistband holsters, ankle holsters and more are all readily available.

As far as how easily the gun fits into the CCW role, check out YouTube reviews for real-life imagery of a wide range of shooters carrying the pistol.

Available now

See more photos and details on this revived revolver at S&W’s website here. MSRP for the Smith & Wesson Model 940-3 is $899, which is a hundred bucks less than the Davidson's version sold in 2025. You can probably save a few shekels if you shop carefully.


Zac K
Zac K

Professional hoser with fudd-ish leanings.

More by Zac K

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  • Cha170237083 Cha170237083 5 days ago

    I wonder if the chambers in the cylinder are cut so that one can load 9mm cartridges without the moon clips and have the cartridges fire. One can then poke the spent cases out of the chambers with a dowel while shooting at the range and not practicing fast reloads. That saves the moon clips for more serious situations. They do get bent out of shape reasonably easily if one is not careful. That would give us the best of both worlds. Naw, why would a company do something intelligent like that?

    • Jco169747438 Jco169747438 Yesterday

      Of course they are; moon rings are not required. That's the standard manufacturing procedure for rimless-cartridge revolvers.


  • Hatman1793 Hatman1793 Yesterday

    Like the concealed hammer but 5 rounds?

    My choice would be a S&W 3913. Factory mag holds 8 + 1…..factory flush hammer that can be cocked back if desired. Aluminum frame, Novak sights.

    Both are double action 1st shot.


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