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Smith & Wesson Brands
Smith & Wesson Brands (SWBI) investor relations material
Smith & Wesson Brands Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Mar, 2026
Executive summary
Net sales for Q3 FY26 rose 17.1% year-over-year to $135.7 million, driven by strong new handgun products and increased unit shipments, with gross margin improving to 26.2% from 24.1% and net income increasing to $3.8 million from $2.1 million.
EBITDA increased nearly 21% to $16.8 million, with adjusted EBITDAS at $16.8 million (12.4% of sales), and adjusted EPS of $0.08 versus $0.03 last year.
Handgun sales and shipments drove growth, offsetting declines in long gun sales; new products contributed significantly to revenue.
Operating cash flow grew by more than $30 million year-over-year, reflecting disciplined capital deployment.
Law enforcement and professional channel momentum continues, with nearly 1,000 agency shipments in 18 months.
Financial highlights
Gross margin improved by 210 basis points to 26.2%, aided by higher production, lower promotion costs, and lower Federal Excise Tax, partially offset by tariffs.
Net income reached $3.8 million, up from $2.1 million year-over-year, with GAAP and non-GAAP EPS both at $0.08.
Operating income for Q3 FY26 was $6.7 million (4.9% of sales), up 41.5% year-over-year.
Cash from operations was $20.5 million in Q3 and $39.6 million for nine months, compared to cash used of $9.8 million and $48.1 million, respectively, in the prior year.
Ended Q3 with $18.4 million in cash and equivalents and $75 million in debt, with $20 million repaid after quarter-end.
Outlook and guidance
Q4 sales are expected to increase 10–12% over Q4 2025, with a slight reduction in channel inventory.
Q4 gross margin projected to rise several percentage points over Q3 and year-over-year.
Operating expenses in Q4 anticipated to be about 10% higher than last year due to R&D, stock compensation, and profit sharing.
Capital expenditures for fiscal 2026 expected to be $25–30 million.
Management believes existing capital resources and credit facilities are adequate for at least the next 12 months.
Explain handgun share gains relative to NICS
Margin impact of shifting to increased production
Drivers for the 10-12% Q4 sales growth forecast
Law enforcement channel: key growth drivers
Long gun strategy beyond self-defense
Production ramp-up's margin impact
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Latest events from Smith & Wesson Brands
- Double-digit growth in revenue and net income, with 2025 outlook for continued gains and higher dividends.SWBI
Q4 20243 Feb 2026 - Q1 sales fell 22.7%, but new products and margin gains support a positive full-year outlook.SWBIQ1 202522 Jan 2026
- Board re-elections, executive pay approval, and strong financial growth highlighted the meeting.SWBIAGM 202420 Jan 2026
- Q2 sales up 3.8% to $129.7M, but guidance cut as inflation softens demand and margins.SWBIQ2 202511 Jan 2026
- Q3 sales fell 15.7% as new products drove 41% of revenue, but margins and sales remain pressured.SWBIQ3 202527 Dec 2025
- Q2 sales dipped 3.9% but cash flow and new product momentum support a strong Q3 outlook.SWBIQ2 20267 Dec 2025
- Director elections, say-on-pay, and a human rights proposal headline a governance-focused agenda.SWBIProxy Filing1 Dec 2025
- Annual meeting to vote on directors, executive pay, and auditor ratification, all board-backed.SWBIProxy Filing1 Dec 2025
- Annual meeting to vote on directors, executive pay, and auditor, with focus on governance and performance.SWBIProxy Filing1 Dec 2025
Next Smith & Wesson Brands earnings date
Q4 202618 Jun, 2026
Smith & Wesson Brands
Next Smith & Wesson Brands earnings date
Q4 202618 Jun, 2026
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Amina0781App Store
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@theshortbearx.com
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