Filing Flows › Smith & Wesson Brands (SWBI) › Q1 FY27
Smith & Wesson Brands (SWBI) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 3, 2026
Smith & Wesson Brands (SWBI) reported revenue of $113M for the first quarter fiscal 2027 (Q1 FY27), +32% from a year earlier and -37% from the quarter before. Operating margin was 3.7%, net earnings $2.6M (2.3% of revenue).
Smith & Wesson Brands, Q1 FY27: revenue $113M (+32% year over year), operating margin 3.7%, net earnings $2.6M, operating cash flow −$8.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $113M | -37% | +32% |
| Gross profit | $32.3M | -39% | +46% |
| Operating profit | $4.2M | -80% | — |
| Net earnings | $2.6M | -84% | — |
| Operating cash flow | −$8.8M | -112% | — |
What changed
Revenue was $112.6M in Q1 FY27, up 32% year over year and down 37% from the previous quarter.
Gross margin was 28.7%, up 2.7 points from Q1 FY26. Operating profit was $4.2M, a 3.7% margin (up 7.2 points year over year). Operating expenses grew 12% against revenue growth of 32%. The fastest-growing cost line was Sales & marketing (+16%). Net earnings were $2.6M. The effective tax rate was 35.6%.
Operating cash flow was −$8.8M. Non-cash charges added back $7.7M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $20.9M. Capital expenditures of $11.9M exceeded it, leaving free cash flow of −$20.8M.
Questions
What was Smith & Wesson Brands' revenue in the first quarter fiscal 2027?
Smith & Wesson Brands (SWBI) reported revenue of $113M for the first quarter fiscal 2027 (Q1 FY27), +32% from a year earlier and -37% from the quarter before.
Was Smith & Wesson Brands profitable in the first quarter fiscal 2027?
Operating profit was $4.2M (3.7% of revenue) and net earnings $2.6M.