Smith & Wesson Brands, Inc.

Smith & Wesson Brands, Inc. reported Q3 2026 net sales of $135.7 million, a 17.1% increase from $115.9 million in Q3 2025. Gross profit rose 27.3% to $35.6 million, with gross margin improving to 26.2% from 24.1%. Operating income increased 41.5% to $6.7 million, while net income grew 78.5% to $3.8 million ($0.08 per diluted share). The company generated $39.6 million in operating cash flow for the nine months ended January 31, 2026, a significant improvement from $(48.1) million in the prior year period. Key drivers included strong handgun sales growth (34.6% increase to $107.4 million) driven by new product introductions and price increases, partially offset by a 30.4% decline in long gun sales. The company ended the quarter with $18.4 million in cash and $75.0 million in revolving line borrowings.

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