Filing Flows › Boston Beer (SAM) › Q2 2026
Boston Beer (SAM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 23, 2026
Boston Beer (SAM) reported revenue of $568M for the second quarter 2026 (Q2 2026), -3% from a year earlier and +31% from the quarter before. Operating margin was 12.5%, net earnings $51.6M (9.1% of revenue).
Boston Beer, Q2 2026: revenue $568M (-3% year over year), operating margin 12.5%, net earnings $51.6M, operating cash flow $138M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $568M | +31% | -3% |
| Gross profit | $286M | +34% | -2% |
| Operating profit | $70.8M | — | -14% |
| Net earnings | $51.6M | — | -15% |
| Operating cash flow | $138M | — | +9% |
| Free cash flow | $127M | — | +14% |
What changed
Revenue was $568.3M in Q2 2026, down 3% year over year and up 31% from the previous quarter.
Gross margin was 50.4%, up 0.6 points from Q2 2025. Operating profit was $70.8M, a 12.5% margin (down 1.5 points year over year). Operating expenses grew 2% against a revenue fall of 3%. Net earnings were $51.6M, down 15% year over year. The effective tax rate was 28.7%.
Operating cash flow was $138.0M (up 9% year over year), 268% of net earnings. Non-cash charges added back $21.0M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items added $60.4M. Capital expenditures of $10.5M left free cash flow of $127.5M.
Questions
What was Boston Beer's revenue in the second quarter 2026?
Boston Beer (SAM) reported revenue of $568M for the second quarter 2026 (Q2 2026), -3% from a year earlier and +31% from the quarter before.
Was Boston Beer profitable in the second quarter 2026?
Operating profit was $70.8M (12.5% of revenue) and net earnings $51.6M.
Source: Boston Beer 10-Q on SEC EDGAR.