Filing Flows › Boston Beer (SAM) › Q2 2026 › vs Q1 2026
Boston Beer (SAM) Q2 2026 vs Q1 2026 (quarter over quarter)
Boston Beer's revenue rose $134M (+31%) from $434M in Q1 2026 to $568M in Q2 2026. Gross margin 50.4% against 49.3% (+1.1 pts).
Boston Beer, Q2 2026: revenue $568M (-3% year over year), operating margin 12.5%, net earnings $51.6M, operating cash flow $138M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 50.4% | 49.3% | +1.1 pts |
| Operating margin | 12.5% | -43.9% | +56.3 pts |
| Net margin | 9.1% | -33.5% | +42.5 pts |
| Free cash flow margin | 22.4% | -7.5% | +30.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $568M | $434M | $134M | +31% |
| Gross profit | $286M | $214M | $72.4M | +34% |
| Cost of revenue | $282M | $220M | $62.0M | +28% |
| Operating profit | $70.8M | −$190M | $261M | — |
| Operating expenses | $216M | $404M | −$189M | -47% |
| Pre-tax earnings | $72.3M | −$189M | $261M | — |
| Net earnings | $51.6M | −$145M | $197M | — |
| Income tax | $20.8M | −$43.7M | $64.4M | — |
| Depreciation & amortization | $21.0M | $21.6M | −$603K | -3% |
| Share-based compensation | $5.1M | $6.4M | −$1.3M | -21% |
| Working capital & other | $60.4M | $96.8M | −$36.4M | -38% |
| Operating cash flow | $138M | −$20.4M | $158M | — |
| Free cash flow (OCF − capex) | $127M | −$32.8M | $160M | — |
| Capital expenditures | $10.5M | $12.3M | −$1.8M | -14% |
Questions
How much did Boston Beer's revenue grow quarter over quarter in Q2 2026?
Boston Beer's revenue rose $134M (+31%) from $434M in Q1 2026 to $568M in Q2 2026. Gross margin 50.4% against 49.3% (+1.1 pts).