Filing Flows › Smith & Wesson Brands (SWBI) › Q2 FY26
Smith & Wesson Brands (SWBI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Dec 4, 2025
Smith & Wesson Brands (SWBI) reported revenue of $125M for the second quarter fiscal 2026 (Q2 FY26), -4% from a year earlier and +47% from the quarter before. Operating margin was 3.3%, net earnings $1.9M (1.5% of revenue).
Smith & Wesson Brands, Q2 FY26: revenue $125M (-4% year over year), operating margin 3.3%, net earnings $1.9M, operating cash flow $27.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $125M | +47% | -4% |
| Gross profit | $30.3M | +37% | -12% |
| Operating profit | $4.1M | — | -45% |
| Net earnings | $1.9M | — | -58% |
| Operating cash flow | $27.3M | — | — |
| Free cash flow | $16.3M | — | — |
What changed
Revenue was $124.7M in Q2 FY26, down 4% year over year and up 47% from the previous quarter.
Gross margin was 24.3%, down 2.3 points from a year earlier. Operating profit was $4.1M, a 3.3% margin (down 2.5 points year over year). Operating expenses fell 3% while revenue fell 4%. Net earnings were $1.9M, down 58% year over year. The effective tax rate was 36.2%.
Operating cash flow was $27.3M, 1422% of net earnings. Non-cash charges added back $8.0M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $15.2M. Capital expenditures of $11.0M left free cash flow of $16.3M.
Questions
What was Smith & Wesson Brands' revenue in the second quarter fiscal 2026?
Smith & Wesson Brands (SWBI) reported revenue of $125M for the second quarter fiscal 2026 (Q2 FY26), -4% from a year earlier and +47% from the quarter before.
Was Smith & Wesson Brands profitable in the second quarter fiscal 2026?
Operating profit was $4.1M (3.3% of revenue) and net earnings $1.9M.