# The Boston Beer (SAM) — Earnings

SAM · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/sam/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 27, 2026 |
| EPS actual | $3.65 |
| EPS estimate | $4.83 |
| EPS surprise | −24.36% |
| Revenue surprise | +0.29% |
| Revenue | $568.3M |
| Revenue estimate | $566.7M |
| Reported | Jul 23, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/949870/000119312526314203/sam-20260627.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/c34142c6-1d62-78b1-89ce-8c1165c2d4c9.html) |

Boston Beer reported Q2 2026 results on July 23, 2026. EPS was $3.65, missing the $4.83 estimate by 24.36%. Revenue of $568.3 million was slightly above the $566.7 million consensus. Compared with Q2 2025, EPS fell about 33% from $5.45, the highest quarter in the table, and revenue declined about 3% from $587.9 million.

The table shows a strongly seasonal pattern. Q2 and Q3 bring the most revenue and earnings, while Q4 has been a loss in each of the last five years. Annual EPS rose from $5.43 in 2022 to $6.20 in 2023 and $9.10 in 2024. The table has no row for Q3 2025, so no full-year total can be given for 2025. The first half of 2026 earned $5.29 per share, about 30% less than the $7.61 of a year earlier, on revenue about 4% lower. Boston Beer missed the EPS estimate in 13 of 20 quarters, including the last two.

Third-quarter results came between October 20 and October 26 from 2021 to 2024, which points to late October 2026 for the next report. For comparison, Q3 2024 earned $5.35 per share on $605.5 million of revenue.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 23, 2026 | $4.83 | $3.65 | -24.36% | $566.7M | $568.3M |
| Q1 2026 | Apr 30, 2026 | $1.96 | $1.64 | -16.53% | $436.1M | $433.9M |
| Q4 2025 | Feb 24, 2026 | −$2.57 | −$2.12 | 17.42% | $382.4M | $385.7M |
| Q2 2025 | Jul 24, 2025 | $3.86 | $5.45 | 41.11% | $587.7M | $587.9M |
| Q1 2025 | Apr 24, 2025 | $0.56 | $2.16 | 287.44% | $435.6M | $453.9M |
| Q4 2024 | Feb 25, 2025 | −$1.31 | −$1.68 | -28.07% | $389.2M | $402.3M |
| Q3 2024 | Oct 24, 2024 | $5.00 | $5.35 | 6.98% | $601.1M | $605.5M |
| Q2 2024 | Jul 25, 2024 | $5.00 | $4.39 | -12.19% | $597.3M | $579.1M |
| Q1 2024 | Apr 25, 2024 | −$0.03 | $1.04 | 3444.05% | $412.5M | $426.1M |
| Q4 2023 | Feb 27, 2024 | −$0.29 | −$1.49 | -409.92% | $413.6M | $393.7M |
| Q3 2023 | Oct 26, 2023 | $4.08 | $3.70 | -9.22% | $594.4M | $601.6M |
| Q2 2023 | Jul 27, 2023 | $3.38 | $4.72 | 39.65% | $590.0M | $603.3M |
| Q1 2023 | Apr 27, 2023 | −$0.29 | −$0.73 | -154.71% | $412.4M | $410.0M |
| Q4 2022 | Feb 15, 2023 | $0.60 | −$0.93 | -256.22% | $392.8M | $447.5M |
| Q3 2022 | Oct 20, 2022 | $2.89 | $2.21 | -23.43% | $571.9M | $596.5M |
| Q2 2022 | Jul 21, 2022 | $4.25 | $4.31 | 1.34% | $613.3M | $616.2M |
| Q1 2022 | Apr 21, 2022 | $2.04 | −$0.16 | -107.85% | $444.8M | $430.1M |
| Q4 2021 | Feb 16, 2022 | −$3.89 | −$4.22 | -8.51% | $365.6M | $348.1M |
| Q3 2021 | Oct 21, 2021 | $4.39 | −$4.76 | -208.52% | $531.5M | $561.6M |
| Q2 2021 | Jul 22, 2021 | $6.73 | $4.75 | -29.42% | $657.6M | $602.8M |

## Frequently Asked Questions

### When did The Boston Beer (SAM) last report earnings?

The Boston Beer last reported on Jul 23, 2026, covering fiscal Q2 2026.

### Did SAM beat earnings estimates?

No. The Boston Beer reported EPS of $3.65 for Q2 2026 against a $4.83 estimate — a 24.36% miss.

### How much revenue did SAM report last quarter?

The Boston Beer reported $568.3M in revenue for Q2 2026, against a consensus estimate of $566.7M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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