Filing Flows › Boston Beer (SAM) › Q3 2026 › vs Q2 2026
Boston Beer (SAM) Q3 2026 vs Q2 2026 (quarter over quarter)
Boston Beer's revenue fell $48.2M (-8%) from $568M in Q2 2026 to $520M in Q3 2026. Gross margin 51.7% against 50.4% (+1.3 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 51.7% | 50.4% | +1.3 pts |
| Operating margin | 10.8% | 12.5% | -1.6 pts |
| Net margin | 8.3% | 9.1% | -0.8 pts |
| Free cash flow margin | 13.1% | 22.4% | -9.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $520M | $568M | −$48.2M | -8% |
| Gross profit | $269M | $286M | −$17.3M | -6% |
| Cost of revenue | $251M | $282M | −$30.9M | -11% |
| Other income, net | $2.6M | $1.6M | $1.0M | +66% |
| Operating profit | $56.3M | $70.8M | −$14.4M | -20% |
| Operating expenses | $213M | $216M | −$2.9M | -1% |
| Pre-tax earnings | $58.9M | $72.3M | −$13.4M | -19% |
| Net earnings | $43.2M | $51.6M | −$8.4M | -16% |
| Income tax | $15.7M | $20.8M | −$5.0M | -24% |
| Depreciation & amortization | $20.9M | $21.0M | −$65K | -0.3% |
| Share-based compensation | $3.7M | $5.1M | −$1.4M | -28% |
| Working capital & other | $8.9M | $60.4M | −$51.5M | -85% |
| Operating cash flow | $76.6M | $138M | −$61.4M | -44% |
| Free cash flow (OCF − capex) | $68.3M | $127M | −$59.2M | -46% |
| Capital expenditures | $8.4M | $10.5M | −$2.2M | -21% |
Questions
How much did Boston Beer's revenue grow quarter over quarter in Q3 2026?
Boston Beer's revenue fell $48.2M (-8%) from $568M in Q2 2026 to $520M in Q3 2026. Gross margin 51.7% against 50.4% (+1.3 pts).