Filing Flows › Boston Beer (SAM) › Q3 2026
Boston Beer (SAM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 22, 2026
Boston Beer (SAM) reported revenue of $520M for the third quarter 2026 (Q3 2026), -3% from a year earlier and -8% from the quarter before. Operating margin was 10.8%, net earnings $43.2M (8.3% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $520M | -8% | -3% |
| Gross profit | $269M | -6% | -1% |
| Operating profit | $56.3M | -20% | -9% |
| Net earnings | $43.2M | -16% | -6% |
| Operating cash flow | $76.6M | -44% | -25% |
| Free cash flow | $68.3M | -46% | -24% |
What changed
Revenue was $520.1M in Q3 2026, down 3% year over year and down 8% from the previous quarter.
Gross margin was 51.7%, up 0.9 points from Q3 2025. Operating profit was $56.3M, a 10.8% margin (down 0.7 points year over year). Operating expenses grew 1% against a revenue fall of 3%. The fastest-growing cost line was Other operating costs (+233%). Net earnings were $43.2M, down 6% year over year. The effective tax rate was 26.7%.
Operating cash flow was $76.6M (down 25% year over year), 178% of net earnings. Non-cash charges added back $20.9M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $8.9M. Capital expenditures of $8.4M left free cash flow of $68.3M.
Questions
What was Boston Beer's revenue in the third quarter 2026?
Boston Beer (SAM) reported revenue of $520M for the third quarter 2026 (Q3 2026), -3% from a year earlier and -8% from the quarter before.
Was Boston Beer profitable in the third quarter 2026?
Operating profit was $56.3M (10.8% of revenue) and net earnings $43.2M.
Source: Boston Beer 10-Q on SEC EDGAR.