Smith & Wesson Brands, Inc. Reports Second Quarter Fiscal 2026 Financial Results

Rhea-AI Summary

Smith & Wesson Brands (NASDAQ: SWBI) reported results for Q2 fiscal 2026 ended October 31, 2025. Net sales were $124.7 million, gross margin was 24.3%, and GAAP net income was $1.9 million or $0.04 per diluted share. Adjusted EBITDAS totaled $15.1 million (12.1% of sales) and adjusted EPS was $0.04. Operating cash flow improved to $27.3 million, up $34.7 million year‑over‑year. New products accounted for 38.7% of sales. The board authorized a $0.13 per share quarterly dividend, payable January 2, 2026 to holders of record on December 18, 2025. Management provided Q3 fiscal 2026 sales guidance of +8–10% vs Q3 fiscal 2025 and scheduled a conference call and webcast on December 4, 2025 at 5:00 p.m. ET.

Positive

• Operating cash flow of $27.3 million (increase of $34.7 million)
• Distributor inventory -15% YoY in units
• New products accounted for 38.7% of sales in Q2
• Board authorized $0.13 quarterly dividend (record Dec 18, 2025)

Negative

• Gross margin down 230 basis points to 24.3%
• GAAP net income declined to $1.9M from $4.5M year‑ago
• Adjusted EBITDAS down to $15.1M from $19.1M (≈21% drop)

Key Figures

Q2 net sales $124.7 million Q2 FY2026; down $5.0M or 3.9% year-over-year

Q2 gross margin 24.3% Q2 FY2026 vs 26.6% in prior-year quarter

Q2 GAAP EPS $0.04 per share Q2 FY2026; down from $0.10 in prior-year quarter

Adjusted EBITDAS $15.1 million Q2 FY2026; 12.1% of net sales

Net cash from ops $27.3 million Q2 FY2026; up $34.7M vs prior-year quarter

Sales decline 3.9% Q2 FY2026 net sales change vs prior-year quarter

Q3 sales outlook 8–10% growth Expected Q3 FY2026 sales vs Q3 FY2025

Quarterly dividend $0.13 per share Authorized; record date Dec 18, 2025, payable Jan 2, 2026

Market Reality Check

$8.88 Last Close

Volume Volume 479,953 is roughly in line with the 20-day average of 485,057, indicating typical pre-earnings trading activity. normal

Technical Shares at $8.88 were trading below the 200-day MA of $9.24 ahead of the release.

Peers on Argus

Momentum scanner did not flag peers, but broader aerospace & defense names like EVTL and PKE showed individual gains, suggesting stock-specific rather than sector-driven positioning into the print.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 20	Earnings call alert	Neutral	+4.0%	Announcement of timing for Q2 FY26 release and conference call.
Sep 04	Quarterly earnings	Negative	+6.5%	Q1 FY26 results with lower sales, wider loss, and margin compression.
Aug 21	Earnings call alert	Neutral	+3.5%	Scheduling notice for Q1 FY26 results and conference call.
Jun 18	Quarterly & annual earnings	Negative	-19.8%	Q4 and FY25 results with double‑digit sales and profit declines.
Jun 06	Call rescheduling	Neutral	+5.2%	Rescheduling of Q4/FY25 release and conference call date.

Pattern Detected

Recent news often produced sizable moves, with several conference alerts and one earnings report showing price reactions above 4%, and earnings sometimes selling off sharply on weaker results.

Recent Company History

Over the last six months, SWBI’s news flow mixed operational updates with earnings volatility. The June Q4/FY25 results highlighted double‑digit sales and profit declines and drew a -19.81% reaction. Earlier and later conference-call alerts in June, August, and November all preceded modest single‑digit gains. The September Q1 FY26 earnings release showed lower sales and a wider loss yet saw a 6.46% move. Today’s Q2 earnings slot into this sequence of results under macro pressure but ongoing capital returns.

Historical Comparison

earnings

+14.4 %

Average Historical Move

Historical Analysis

In the past 4 earnings releases, SWBI’s stock moved an average of 14.38% within 24 hours, with reactions ranging from strong gains to steep selloffs amid revenue declines and margin pressure.

Typical Pattern

Earnings reports since late 2024 show repeated year-over-year sales declines and margin compression, but consistent dividends and meaningful contributions from new products.

Regulatory & Risk Context

Short Interest

7.64%

0% 15% 30%+

moderate

A short interest of 7.64% of float with 4.82 days to cover indicates a moderate level of bearish positioning that can amplify moves around earnings updates.

Market Pulse Summary

This announcement details Q2 FY2026 results with net sales of $124.7 million, lower gross margin of 24.3%, and GAAP EPS of $0.04, alongside strong operating cash flow of $27.3 million. Management guided Q3 sales to be 8–10% above Q3 FY2025 and maintained a $0.13 dividend, continuing its capital return pattern. Investors may track sales trends, margin recovery, and cash generation against these targets, especially given recent earnings-day volatility.

Key Terms

Adjusted EBITDAS financial

"Non-GAAP Adjusted EBITDAS was $15.1 million, or 12.1% of net sales..."

Adjusted EBITDA is a financial measure that shows a company's earnings before interest, taxes, depreciation, and amortization, with certain unusual or one-time items removed for clarity. It helps investors see how well the core business is performing by providing a clearer picture of ongoing profitability, much like stripping out irregular expenses to understand the true earning power of a company.

non-GAAP net income financial

"Non-GAAP net income was $2.0 million, or $0.04 per diluted share..."

Non-GAAP net income is a company's profit figure that excludes certain costs or income that are included in standard accounting methods. Companies often use it to show what their earnings might look like without one-time expenses or other unusual items, helping investors see the company's core performance more clearly.

free cash flow financial

"certain non-GAAP financial measures, including "non-GAAP net income," "Adjusted EBITDAS," and "free cash flow" are presented."

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

gross margin financial

"Gross margin was 24.3% compared with 26.6% in the comparable quarter last year."

Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

operating activities financial

"Net cash provided by operating activities was $27.3 million..."

Operating activities are the core actions a business takes to run its everyday operations and generate revenue. This includes activities like selling products or services, paying employees, and managing inventory. For investors, understanding operating activities helps gauge how well a company is performing its main functions and whether it can sustain its profitability over time.

forward-looking statements regulatory

"The conference call may include forward-looking statements."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

conference call technical

"The company will host a conference call and webcast on December 4, 2025..."

A conference call is a phone meeting where multiple people, like company executives and investors, talk and share information at the same time. It’s important because it allows everyone to stay updated on company news and plans quickly, without needing to meet in person. Think of it as a group chat on the phone for important business discussions.

Investor Relations financial

"audio webcast can also be accessed... at www.smith-wesson.com, under the Investor Relations section."

Investor relations is the communication process between a company and its current or potential investors. It involves sharing information about the company's performance, strategies, and outlook to help investors make informed decisions. Effective investor relations build trust and transparency, similar to a clear conversation between a business and someone considering investing, ensuring both parties understand each other's interests and expectations.

AI-generated analysis. Not financial advice.

• Q2 Net Sales of $124.7 Million
• Q2 Gross Margin of 24.3%
• Q2 EPS of $0.04/Share; Q2 Adjusted EPS of $0.04/Share
• Q2 Net Income of $1.9 million; Q2 Adjusted EBITDAS of $15.1 Million
• Q2 Net Cash Provided by Operating Activities of $27.3 million

Maryville, Tennessee--(Newsfile Corp. - December 4, 2025) - Smith & Wesson Brands, Inc. (NASDAQ: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced financial results for the second quarter of fiscal 2026, ended October 31, 2025.

Second Quarter Fiscal 2026 Financial Highlights

• Net sales were $124.7 million, a decrease of $5.0 million, or 3.9%, from the comparable quarter last year.

• Gross margin was 24.3% compared with 26.6% in the comparable quarter last year.

• GAAP net income was $1.9 million, or $0.04 per diluted share, compared with $4.5 million, or $0.10 per diluted share, for the comparable quarter last year.

• Non-GAAP net income was $2.0 million, or $0.04 per diluted share, compared with $5.2 million, or $0.12 per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for net income exclude costs related to the relocation and the grand opening of the Smith & Wesson Academy. For a detailed reconciliation, see the schedules that follow in this release.

• Non-GAAP Adjusted EBITDAS was $15.1 million, or 12.1% of net sales, compared with $19.1 million, or 15.0% of net sales, for the comparable quarter last year.

• Net cash provided by operating activities was $27.3 million, an increase of $34.7 million over the comparable quarter last year.

Mark Smith, President and Chief Executive Officer, commented, "We were pleased with our second quarter results, which continue to demonstrate the strength of the Smith & Wesson brand, the ongoing success of our innovation strategy, and our disciplined focus on managing operations and allocating capital. As we anticipated, excellent efficiency in our business operations allowed us to deliver solid profitability of $15 million of Adjusted EBITDAS on net sales of nearly $125 million. We also saw great results on our balance sheet, with a significant reduction in inventory thanks to our disciplined sales & operations planning process. This generated healthy operating cash flow of over $27 million in the quarter. Further, our new products continued to be a significant catalyst, accounting for 38.7% of sales in the quarter."

Deana McPherson, Executive Vice President and Chief Financial Officer, commented, "Distributor inventory in terms of actual units declined by over 5% from the end of the prior quarter and by 15% compared with the end of October 2024. This indicates continued positive sell through of our products at retail and a good position for us as we look forward to the coming months. Although we continue to see uncertainty regarding macro-economic conditions, including tariffs, we believe that the strength of our brand, product assortment, and new product offerings should allow us to continue performing well. Therefore, we expect our third quarter sales will be 8-10% over our Q3 fiscal 2025 sales with no significant impact, either positively or negatively, from channel inventory. Consistent with our capital allocation strategy, our board of directors has authorized a $0.13 per share quarterly dividend, which will be paid to stockholders of record on December 18, 2025 with payment to be made on January 2, 2026."

Conference Call and Webcast

The company will host a conference call and webcast on December 4, 2025 to discuss its second quarter fiscal 2026 financial and operational results. Speakers on the conference call will include Mark Smith, President and Chief Executive Officer, and Deana McPherson, Executive Vice President and Chief Financial Officer. The conference call may include forward-looking statements. The conference call and webcast will begin at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Interested parties in North America are invited to participate by dialing 1-877-704-4453. Interested parties from outside North America are invited to participate by dialing 1-201-389-0920. Participants should dial in at least 10 minutes prior to the start of the call. The conference call audio webcast can also be accessed live on the company's website at www.smith-wesson.com, under the Investor Relations section.

Reconciliation of U.S. GAAP to Non-GAAP Financial Measures

In this press release, certain non-GAAP financial measures, including "non-GAAP net income," "Adjusted EBITDAS," and "free cash flow" are presented. From time-to-time, we consider and use these supplemental measures of operating performance in order to provide the reader with an improved understanding of underlying performance trends. We believe it is useful for us and the reader to review, as applicable, both (1) GAAP measures that include (i) interest expense, (ii) income tax expense, (iii) depreciation and amortization, (iv) stock-based compensation expense, (v) an accrued legal settlement, (vi) Smith & Wesson Academy grand opening expenses, (vii) relocation expense, and (viii) the tax effect of non-GAAP adjustments; and (2) the non-GAAP measures that exclude such information. We present these non-GAAP measures because we consider them an important supplemental measure of our performance. Our definition of these adjusted financial measures may differ from similarly named measures used by others. We believe these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. These non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for our GAAP measures. The principal limitations of these measures are that they do not reflect our actual expenses and may thus have the effect of inflating our financial measures on a GAAP basis.

About Smith & Wesson Brands, Inc.

Smith & Wesson Brands, Inc. (NASDAQ: SWBI) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson® and Gemtech® brands. Additionally, the company provides manufacturing services such as forging and machining to third parties and offers world-class firearm training programs to Law Enforcement/Military departments and civilians at the Smith & Wesson Academy™ in Maryville, TN. For more information call (844) 363-5386 or visit www.smith-wesson.com.

Safe Harbor Statement

Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, among others, that (i) distributor inventory trends indicate continued positive sell through of our products at retail and a good position for us as we look forward to the coming months; (ii) although we continue to see uncertainty regarding macro-economic conditions, including tariffs, we believe that the strength of our brand, product assortment, and new product offerings should allow us to continue performing well; and (iii) we expect our third quarter sales will be 8-10% over our Q3 fiscal 2025 sales with no significant impact, either positively or negatively, from channel inventory. We caution that these statements are qualified by important risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, economic, social, political, legislative, and regulatory factors; the impact of tariffs; the potential for increased regulation of firearms and firearm-related products; actions of social activists that could have an adverse effect on our business; the impact of lawsuits; the demand for our products; the state of the U.S. economy in general and the firearm industry in particular; general economic conditions and consumer spending patterns; our competitive environment; the supply, availability, and costs of raw materials and components; our anticipated growth and growth opportunities; our strategies; our ability to maintain and enhance brand recognition and reputation; our ability to effectively manage and execute the relocation; our ability to introduce new products and the success of new products; the potential for cancellation of orders from our backlog; and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2025.

Contact:
investorrelations@smith-wesson.com
(413) 747-3448

 

SMITH &WESSON BRANDS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
		As of:
		October 31, 2025				April 30,  2025
		(In thousands, except par value and share data)
ASSETS
Current assets:
Cash and cash equivalents	$	22,431			$	25,231
Marketable securities		4,890				-
Accounts receivable, net of allowances for credit losses of $5 on October 31, 2025 and April 30, 2025		45,834				55,868
Inventories		183,141				189,840
Prepaid expenses and other current assets		9,655				6,260
Income tax receivable		2,569				66
Total current assets		268,520				277,265
Property, plant, and equipment, net of accumulated depreciation and amortization of $384,186 on October 31, 2025 and $368,811 on April 30, 2025		242,082				242,648
Intangibles, net		2,278				2,409
Goodwill		19,024				19,024
Deferred income taxes		9,584				10,260
Other assets		7,094				8,006
Total assets	$	548,582			$	559,612
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	23,485			$	26,887
Accrued expenses and deferred revenue		18,658				24,678
Accrued payroll and incentives		10,303				9,060
Accrued profit sharing		204				4,636
Accrued warranty		1,241				1,379
Total current liabilities		53,891				66,640
Notes and loans payable		88,992				79,096
Finance lease payable, net of current portion		32,806				33,703
Other non-current liabilities		9,697				7,719
Total liabilities		185,386				187,158
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding		-				-
Common stock, $0.001 par value, 100,000,000 shares authorized, 76,168,890 issued and 44,490,896 shares outstanding on October 31, 2025 and 75,789,455 shares issued and 44,111,461 shares outstanding on April 30, 2025		76				76
Additional paid-in capital		301,933				298,075
Retained earnings		519,462				532,615
Treasury stock, at cost (31,677,994 shares on October 31, 2025 and April 30, 2025)		(458,275	)			(458,312	)
Total stockholders' equity		363,196				372,454
Total liabilities and stockholders' equity	$	548,582			$	559,612

 

SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
		For the Three Months Ended  October 31,								For the Six Months Ended  October 31,
		2025				2024				2025				2024
		(In thousands, except per share data)
Net sales	$	124,670			$	129,679			$	209,748			$	218,013
Cost of sales		94,321				95,175				157,324				159,322
Gross profit		30,349				34,504				52,424				58,691
Operating expenses:
Research and development		2,433				2,221				5,440				4,736
Selling, marketing, and distribution		10,336				9,613				19,088				19,503
General and administrative		13,465				15,214				26,781				28,579
Gain on sale/disposition of assets, net		-				(81	)			(43	)			(139	)
Total operating expenses		26,234				26,967				51,266				52,679
Operating income		4,115				7,537				1,158				6,012
Other expense, net:
Other income/(expense), net		277				(5	)			338				(11	)
Interest expense, net		(1,385	)			(1,419	)			(2,590	)			(2,152	)
Total other expense, net		(1,108	)			(1,424	)			(2,252	)			(2,163	)
Income/(loss) before income taxes		3,007				6,113				(1,094	)			3,849
Income tax expense		1,090				1,567				400				1,158
Net income/(loss)	$	1,917			$	4,546			$	(1,494	)		$	2,691
Net income/(loss) per share:
Basic - net income/(loss)	$	0.04			$	0.10			$	(0.03	)		$	0.06
Diluted - net income/(loss)	$	0.04			$	0.10			$	(0.03	)		$	0.06
Weighted average number of common shares outstanding:
Basic		44,396				44,523				44,329				44,922
Diluted		44,737				44,935				44,329				45,404

 

SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
		For the Six Months Ended  October 31,
		2025				2024
		(In thousands)
Cash flows from operating activities:
Net (loss)/income	$	(1,494	)		$	2,691
Adjustments to reconcile net (loss)/income to net cash provided by/(used) in operating activities:
Depreciation and amortization		16,465				16,261
Gain on sale/disposition of assets		(43	)			(139	)
Deferred income taxes		676				245
Stock-based compensation expense		3,990				3,722
Non-cash sublease income		(889	)			(854	)
Other, net		(317	)			-
Changes in operating assets and liabilities:
Accounts receivable		10,034				6,364
Inventories		6,699				(35,535	)
Prepaid expenses and other current assets		(3,395	)			(5,139	)
Income taxes		(2,503	)			(5,632	)
Accounts payable		(3,016	)			(10,135	)
Accrued payroll and incentives		1,243				(3,949	)
Accrued profit sharing		(4,432	)			(8,048	)
Accrued expenses and deferred revenue		(3,425	)			1,826
Accrued warranty		(138	)			(328	)
Other assets		40				665
Other non-current liabilities		(337	)			(227	)
Net cash provided by/(used) in operating activities		19,158				(38,212	)
Cash flows from investing activities:
Purchases of marketable securities		(4,573	)			-
Payments to acquire patents and software		(54	)			(112	)
Proceeds from sale of property and equipment		49				237
Payments to acquire property and equipment		(15,281	)			(8,004	)
Net cash used in investing activities		(19,859	)			(7,879	)
Cash flows from financing activities:
Proceeds from loans and notes payable		20,000				60,000
Cash paid for debt issuance costs		(219	)			(941	)
Payments on finance lease obligation		(93	)			(89	)
Payments on notes and loans payable		(10,000	)			-
Payments to acquire treasury stock		-				(22,620	)
Dividend distribution		(11,655	)			(11,652	)
Proceeds to acquire common stock from employee stock purchase plan		743				749
Payment of employee withholding tax related to restricted stock units		(875	)			(1,102	)
Net cash (used in)/provided by financing activities		(2,099	)			24,345
Net decrease in cash and cash equivalents		(2,800	)			(21,746	)
Cash and cash equivalents, beginning of period		25,231				60,839
Cash and cash equivalents, end of period	$	22,431			$	39,093
Supplemental disclosure of cash flow information
Cash paid for:
Interest, net of amounts capitalized	$	2,855			$	2,353
Income taxes	$	2,293			$	6,785

 

SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES
(Dollars in thousands, except per share data)
(Unaudited)
		For the Three Months Ended															For the Six Months Ended
		October 31, 2025							October 31, 2024								October 31, 2025								October 31, 2024
		$			% of Sales				$				% of Sales				$				% of Sales				$				% of Sales
GAAP net sales	$	124,670						$	129,679							$	209,748							$	218,013
Relocation		-							(2,554	)							-								(4,213	)
Non-GAAP net sales	$	124,670						$	127,125							$	209,748							$	213,800
GAAP gross profit	$	30,349			24.3%			$	34,504				26.6%			$	52,424				25.0%			$	58,691				26.9%
Relocation expenses		(89	)						552								(4	)							1,734
Settlement		-							70								-								70
Non-GAAP gross profit	$	30,260			24.3%			$	35,126				27.6%			$	52,420				25.0%			$	60,495				28.3%
GAAP operating expenses	$	26,234			21.0%			$	26,967				20.8%			$	51,266				24.4%			$	52,679				24.2%
Relocation expenses		309							(312	)							362								(437	)
S&W Academy grand opening		(486	)						-								(486	)							-
Non-GAAP operating expenses	$	26,057			20.9%			$	26,655				21.0%			$	51,142				24.4%			$	52,242				24.4%
GAAP operating income	$	4,115			3.3%			$	7,537				5.8%			$	1,158				0.6%			$	6,012				2.8%
Settlement		-							70								-								70
Relocation expenses		(398	)						864								(366	)							2,171
S&W Academy grand opening		486							-								486								-
Non-GAAP operating income	$	4,203			3.4%			$	8,471				6.7%			$	1,278				0.6%			$	8,253				3.9%
GAAP net income/(loss)	$	1,917			1.5%			$	4,546				3.5%			$	(1,494	)			-0.7%			$	2,691				1.2%
Settlement		-							70								-								70
Relocation expenses		(398	)						864								(366	)							2,171
S&W Academy grand opening		486							-								486								-
Tax effect of non-GAAP adjustments		(25	)						(239	)							(34	)							(674	)
Non-GAAP net income/(loss)	$	1,980			1.6%			$	5,241				4.1%			$	(1,408	)			-0.7%			$	4,258				2.0%
GAAP net income/(loss) per share - diluted	$	0.04						$	0.10							$	(0.03	)						$	0.06
Settlement		-							-								-								-
Relocation expenses		(0.01	)						0.02								(0.01	)							0.05
S&W Academy grand opening		0.01							-								0.01								-
Tax effect of non-GAAP adjustments		-							(0.01	)							-								(0.01	)
Non-GAAP net income/(loss) per share - diluted	$	0.04						$	0.12				(a)			$	(0.03	)						$	0.09				(a)
(a) Non-GAAP net loss per share does not foot due to rounding.

 

SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME TO NON-GAAP ADJUSTED EBITDAS
(In thousands)
(Unaudited)
	For the Three Months Ended									For the Six Months Ended
		October 31, 2025				October 31, 2024				October 31, 2025				October 31, 2024
GAAP net income/(loss)	$	1,917			$	4,546			$	(1,494	)		$	2,691
Interest expense		1,982				2,080				3,819				3,527
Income tax expense		1,090				1,567				400				1,158
Depreciation and amortization		7,965				8,181				16,349				16,206
Stock-based compensation expense		2,099				1,869				3,990				3,722
S&W Academy grand opening		486				-				486				-
Settlement		-				70				-				70
Relocation expense		(398	)			738				(366	)			1,913
Non-GAAP Adjusted EBITDAS	$	15,141			$	19,051			$	23,184			$	29,287
Non-GAAP Adjusted EBITDAS Margin		12.1%				15.0%				11.1%				13.7%

 

SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF NET CASH (USED IN) / PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW
(In thousands)
(Unaudited)
		For the Three Months Ended								For the Six Months Ended
		October 31, 2025				October 31, 2024				October 31, 2025				October 31, 2024
Net cash provided by/(used in) operating activities	$	27,268				(7,397	)		$	19,158			$	(38,212	)
Payments to acquire property and equipment		(10,990	)			(3,302	)			(15,281	)			(8,004	)
Free cash flow	$	16,278			$	(10,699	)		$	3,877			$	(46,216	)

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276853

FAQ

What were Smith & Wesson (SWBI) Q2 fiscal 2026 sales and EPS on December 4, 2025?

Q2 fiscal 2026 net sales were $124.7 million and GAAP EPS was $0.04 per diluted share.

How much operating cash flow did SWBI generate in Q2 fiscal 2026?

SWBI reported $27.3 million of net cash provided by operating activities in Q2 fiscal 2026.

What guidance did Smith & Wesson (SWBI) give for Q3 fiscal 2026 sales on Dec 4, 2025?

Management expects Q3 fiscal 2026 sales to be 8–10% above Q3 fiscal 2025 sales.

How much of SWBI’s Q2 fiscal 2026 sales came from new products?

New products represented 38.7% of sales in Q2 fiscal 2026.

Did Smith & Wesson (SWBI) declare a dividend in December 2025?

Yes. The board authorized a $0.13 per share quarterly dividend, record date Dec 18, 2025, payable Jan 2, 2026.

When and how can investors access the SWBI Q2 fiscal 2026 earnings call?

The conference call and webcast is on December 4, 2025 at 5:00 p.m. ET and will be available via the company website under Investor Relations.