Boston Beer’s (NYSE:SAM) Q3 2026 earnings results: revenue in line with expectations

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.

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.

Boston Beer (SAM) reported Q3 EPS of $4.37, beating estimates by $0.15, but revenue of $520.1M missed expectations. The company forecasted FY 2026 EPS of $9.00-$10.50, above analyst consensus. SAM's stock is up 8.64% over 3 months but down 10.89% year-over-year.

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.

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.

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.