$SAM

Boston Beer 3Q 2026: Revenue $520.1M, EPS $4.21— 10-Q Summary

Boston Beer reported 3Q 2026 revenue of $520.1M, down 3.2% YoY, with EPS at $4.21. Net income fell 6.5% to $43.2M. Shipments declined for most brands, while Sun Cruiser and Angry Orchard grew. Aluminum inflation and higher freight rates impacted costs.

Original reporting
Published Oct 22, 2026, 8:31 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 22, 2026, 8:38 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
Boston Beer 3Q 2026: Revenue $520.1M, EPS $4.21— 10-Q Summary — source image
Decision brief

The 30-second read

$SAMBearishMed
01

Why it matters

The earnings miss and shipment declines suggest short‑term weakness, but cost‑saving initiatives could mitigate longer‑term impact.

02

Market read

Primary earnings disclosure for a mid‑cap consumer discretionary stock; relevant for traders monitoring the craft beer sector.

03

What to watch

Potential upside from new product launches and inventory reductions not reflected in the filing.

Relevance 7/10Novelty 8/10Timing: after-hours release

Background

Boston Beer (ticker SAM) filed its Form 10‑Q for Q3 2026, providing the first official numbers for the quarter.

Company-level read

Ticker impact

$SAMBearishMedium confidence
Context

Boston Beer disclosed Q3 2026 revenue of $520.1M, down 3.2% YoY, and EPS $4.21, marking the first public release of these results.

Expected impact

likely downside as market prices in lower revenue and volume

Evidence & confidence

Revenue and net income both fell YoY; shipment declines across key brands indicate weaker demand, which typically drags the stock.

Market effects

Softening demand in the craft beer segment may pressure peers such as Constellation Brands and Anheuser-Busch.

U.S. consumer discretionary sentiment could be slightly dampened.

Limited to U.S. beverage sector; no broad market effect.

Counterpoint

If the company can successfully reduce costs and improve margins, the dip may be temporary.

Key entities

  • Boston Beer Co.

    Maker of Samuel Adams, Truly, and other beverage brands.

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$SAMMed

Boston Beer (SAM) Q3 2026 Earnings Call Transcript

Boston Beer (SAM) reported Q3 2026 earnings, highlighting a 90-basis-point gross margin increase to 51.7% and $80M in share repurchases. Sun Cruiser grew 60%, while Angry Orchard saw consecutive quarter growth. Full-year guidance was narrowed, with depletions and shipments expected to decline mid-single digits. The company raised gross margin and EPS guidance despite elevated freight costs.

$SAMMed

Boston Beer Q3 Earnings Call Highlights

Boston Beer (SAM) reported Q3 non-GAAP EPS of $4.37, excluding litigation costs. Full-year guidance was narrowed, with depletions and shipments expected to decline mid-single digits. Gross margin is forecasted at 49-50%, and non-GAAP EPS guidance is $9.00-$10.50. Sun Cruiser grew 60% in Q3, while Truly is undergoing strategy reassessment. The company ended Q3 with $308M in cash and $150M available on its credit line.

$SAMMed

Boston Beer Q3 Net Revenue Falls 3.2%; Diluted EPS Reaches $4.21

Boston Beer reported Q3 2026 net revenue of $520.1M, down 3.2% YoY, and diluted EPS of $4.21. Gross margin expanded to 51.7%. The company cited challenging demand and raised full-year guidance. Q3 depletions and shipment volume declined 5% and 4.9%, respectively. Management attributed margin growth to product mix and pricing, despite commodity inflation.

$SAMMed

Boston Beer: Q3 Earnings Snapshot

Boston Beer Co. (SAM) reported Q3 profit of $43.2M, or $4.21 per share, beating estimates. Revenue was $555.5M, missing forecasts. Adjusted revenue was $520.1M. The company expects full-year earnings of $9-$10.50 per share.