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Boston Beer (SAM) gross margin by quarter

Boston Beer's gross margin was 51.7% in Q3 2026 (third quarter 2026), +1.3 pts from Q2 2026. Over the last 5 quarters it ranged from 48.3% (Q1 2025) to 51.7% (Q3 2026).

Boston Beer gross margin by quarterBoston Beer gross margin by quarter48.3%Q1 202549.8%Q2 202550.8%Q3 202550.4%Q2 202651.7%Q3 2026
QuarterGross marginQ/QY/Y
Q3 202651.7%+1.3 pts+0.9 pts
Q2 202650.4%-0.4 pts+0.6 pts
Q3 202550.8%+1.1 pts—
Q2 202549.8%+1.4 pts—
Q1 202548.3%——

Q3 2026 at a glance

Boston Beer, Q3 2026: revenue $520M (-3% year over year), operating margin 10.8%, net earnings $43.2M, operating cash flow $76.6M. The chart follows the revenue to costs, profit and cash.

Questions

What is Boston Beer's gross margin?

Boston Beer's gross margin was 51.7% in Q3 2026 (third quarter 2026), +1.3 pts from Q2 2026.

How has Boston Beer's gross margin changed?

Over the last 5 quarters it ranged from 48.3% (Q1 2025) to 51.7% (Q3 2026).

Q3 2026 results → · How Boston Beer makes money →