Smith & Wesson (NASDAQ: SWBI) lifts Q3 profit, sees Q4 sales up 10–12%

Rhea-AI Filing Summary

Smith & Wesson Brands, Inc. reported stronger third quarter fiscal 2026 results for the period ended January 31, 2026. Net sales were $135,709,000, up from $115,885,000 a year earlier, and net income increased to $3,753,000 from $2,102,000. Diluted earnings per share rose to $0.08 from $0.05.

Management highlighted particularly strong handgun performance, with unit shipments into the sporting goods channel up 28% while NICS background checks declined 2.2%, indicating market share gains. The company expects fourth quarter fiscal 2026 sales to be 10–12% higher than the fiscal 2025 fourth quarter.

Operating cash flow for the nine months ended January 31, 2026 improved to $39,614,000 from negative $48,051,000, and free cash flow turned positive to $20,700,000. Consistent with its capital allocation strategy, the board authorized a quarterly dividend of $0.13 per share, payable April 2, 2026 to stockholders of record on March 19, 2026.

Positive

• Strong Q3 top-line and EPS growth: Net sales rose to $135,709,000 from $115,885,000 and diluted EPS increased to $0.08 from $0.05, reflecting improved profitability versus the prior-year quarter.
• Guidance for double-digit Q4 sales growth: Management expects fourth quarter fiscal 2026 sales to be 10–12% higher than fiscal 2025 fourth quarter sales, signaling confidence in demand.
• Free cash flow inflection: For the nine months ended January 31, 2026, free cash flow improved to $20,700,000 from negative $62,365,000, indicating significantly better cash generation.
• Ongoing capital returns: The board authorized a $0.13 per share quarterly dividend, payable April 2, 2026 to stockholders of record on March 19, 2026, continuing direct cash returns to shareholders.

Negative

• None.

Insights

Equity earnings analyst

Q3 showed double-digit sales growth, EPS improvement, positive free cash flow, and higher sales expectations for Q4.

Smith & Wesson Brands, Inc. delivered net sales of $135,709,000 in Q3 fiscal 2026, up from $115,885,000 a year earlier, while diluted EPS increased to $0.08 from $0.05. Management cited handgun unit shipments into the sporting goods channel rising 28% despite NICS being down 2.2%, pointing to share gains.

For the nine months, operating cash flow improved sharply to $39,614,000 from negative $48,051,000, and free cash flow turned positive at $20,700,000. Non-GAAP adjusted EBITDAS for the nine months declined modestly to $40,014,000 from $43,186,000, indicating some margin pressure even as revenue grew.

Management expects fourth quarter fiscal 2026 sales to be 10–12% above fiscal 2025 fourth quarter sales and declared a quarterly dividend of $0.13 per share, payable on April 2, 2026. Actual outcomes will depend on firearm demand, competitive dynamics, regulatory factors, and execution on the planned production increase noted in the commentary.

false 0001092796 0001092796 2026-03-05 2026-03-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 5, 2026

Smith & Wesson Brands, Inc.

(Exact Name of Registrant as Specified in Charter)

Nevada		001-31552		87-0543688
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1852 Proffitt Springs Road

Maryville, Tennessee 37801

(Address of principal executive offices) (Zip Code)

(800) 331-0852

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, Par Value $0.001 per Share		SWBI		Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 §CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02. Results of Operations and Financial Condition.

We are furnishing the disclosure in this Item 2.02 in connection with the disclosure of information in the form of the textual information from a press release issued on March 5, 2026.

The information in this Item 2.02 (including Exhibit 99.1) is furnished pursuant to Item 2.02 and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

We do not have, and expressly disclaim, any obligation to release publicly any updates or any changes in our expectations or any change in events, conditions, or circumstances on which any forward-looking statement is based.

The text included with this Current Report on Form 8-K is available on our website at www.smith-wesson.com, although we reserve the right to discontinue that availability at any time.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.
99.1		Press release from Smith & Wesson Brands, Inc., dated March 5, 2026, entitled “Smith & Wesson Brands, Inc. Reports Third Quarter Fiscal 2026 Financial Results
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				SMITH & WESSON BRANDS, INC.
Date: March 5, 2026				By:		/s/ Deana L. McPherson
						Deana L. McPherson
						Executive Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary

Exhibit 99.1

Smith & Wesson Brands, Inc. Reports

Third Quarter Fiscal 2026 Financial Results

- Q3 Net Sales of $135.7 Million

- Q3 Gross Margin of 26.2%; Non-GAAP Gross Margin of 26.1%

- Q3 EPS of $0.08/Share; Q3 Adjusted EPS of $0.08/Share

MARYVILLE, Tenn., March 5, 2026 – Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced financial results for the third quarter of fiscal 2026, ended January 31, 2026.

Financial Highlights

• Net sales were $135.7 million, an increase of $19.8 million, or 17.1%, from the comparable quarter last year.

• Gross margin was 26.2% compared with 24.1% in the comparable quarter last year.

• Net income was $3.8 million, or $0.08 per diluted share, compared with $2.1 million, or $0.05 per diluted share, for the comparable quarter last year.

• Non-GAAP net income was $3.6 million, or $0.08 per diluted share, compared with $1.4 million, or $0.03 per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for income exclude costs related to the relocation, expenses related to the grand opening of the Smith & Wesson Academy, and a gain on sale of certain real estate. For a detailed reconciliation, see the schedules that follow in this release.

• Non-GAAP Adjusted EBITDAS was $16.8 million, or 12.4% of net sales, compared with $13.9 million, or 12.0% of net sales, for the comparable quarter last year.

Mark Smith, President and Chief Executive Officer, commented, “We were very pleased with our third quarter results, which demonstrated continued market share growth – while simultaneously maintaining resiliency in our pricing power and profitability. In particular, our handgun results were exceptional, with unit shipments into the sporting goods channel up 28%, while NICS was down 2.2%. Our momentum is strong and building, our brand and product assortment are driving continued healthy profitability, and we remain confident in the direction and trajectory of our business against the backdrop of a healthy and stable market.”

Deana McPherson, Executive Vice President and Chief Financial Officer, commented, “Having focused on driving inventory levels down during the last twelve months, we are now turning our focus to increasing production to meet market demand, which should continue to have a positive impact on margins. We believe the strength of our brand, product assortment, and new product offerings are helping us drive growth and take share in an otherwise stable market. Therefore, we expect our fourth quarter sales will be up 10-12% over fiscal 2025 fourth quarter sales.” 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 March 19, 2026 with payment to be made on April 2, 2026.”

Conference Call and Webcast

The company will host a conference call and webcast on March 5, 2026 to discuss its third 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. A live and archived webcast of the event will be available 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 sales,” “non-GAAP gross profit,” “non-GAAP gross margin,” “non-GAAP operating expenses,” “non-GAAP operating income,” “non-GAAP net income,” “Non-GAAP net income per share – diluted,” “Adjusted EBITDAS,” “Adjusted EBITDAS Margin,” and “free cash flow” are presented. We use these non-GAAP financial measures to facilitate a comparison of our operating performance on a consistent basis from period to period that, when viewed in combination with our results prepared in accordance with GAAP, provides a more complete understanding of factors and trends affecting our business than does GAAP measures alone. We believe these financial measures assist our board of directors, management, investors, and other users of the financial statements in comparing our results on a consistent basis from period to period because it removes certain non-cash items and other items that we do not consider to be indicative of our core and/or ongoing operations. 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, including non-recurring third-party wind-down net sales and cost of sales related to the closure of an immaterial manufacturing location that was shut down as a result of the relocation, (xiii) a gain on sale of certain real estate, and (ix) 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 Global Select: 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) our momentum is strong and building, our brand and product assortment are driving continued healthy profitability, and we remain confident in the direction and trajectory of our business against the backdrop of a healthy and stable market; (ii) we are now turning our focus to increasing production to meet market demand, which should continue to have a positive impact on margins; (iii) we believe the strength of our brand, product assortment, and new product offerings are helping us drive growth and take share in an otherwise stable market; and (iv) we expect our fourth quarter sales will be up 10-12% over fiscal 2025 fourth quarter sales. 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:
		January 31, 2026				April 30, 2025
		(In thousands, except par value and share data)
ASSETS
Current assets:
Cash and cash equivalents		$	18,421			$	25,231
Marketable securities			5,041				—
Accounts receivable, net of allowances for credit losses of $5 on January 31, 2026 and April 30, 2025			50,834				55,868
Inventories			175,264				189,840
Prepaid expenses and other current assets			7,702				6,260
Income tax receivable			4,271				66
Total current assets			261,533				277,265
Property, plant, and equipment, net of accumulated depreciation and amortization of $390,467 on January 31, 2026 and $368,811 on April 30, 2025			238,578				242,648
Intangibles, net			2,195				2,409
Goodwill			19,024				19,024
Deferred income taxes			9,584				10,260
Other assets			7,090				8,006
Total assets		$	538,004			$	559,612
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable		$	25,494			$	26,887
Accrued expenses and deferred revenue			18,770				24,678
Accrued payroll and incentives			11,246				9,060
Accrued profit sharing			1,389				4,636
Accrued warranty			1,244				1,379
Total current liabilities			58,143				66,640
Notes and loans payable			74,056				79,096
Finance lease payable, net of current portion			32,644				33,703
Other non-current liabilities			9,743				7,719
Total liabilities			174,586				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, 44,493,745 shares issued and outstanding on January 31, 2026 and 75,789,455 shares issued and 44,111,461 shares outstanding on April 30, 2025			44				76
Additional paid-in capital			—				298,075
Retained earnings			363,374				532,615
Treasury stock, at cost (no shares on January 31, 2026 and 31,677,994 shares on April 30, 2025)			—				(458,312	)
Total stockholders’ equity			363,418				372,454
Total liabilities and stockholders’ equity		$	538,004			$	559,612

SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

		For the Three Months Ended January 31,								For the Nine Months Ended January 31,
		2026				2025				2026				2025
		(In thousands, except per share data)
Net sales		$	135,709			$	115,885			$	345,457			$	333,899
Cost of sales			100,120				87,938				257,444				247,261
Gross profit			35,589				27,947				88,013				86,638
Operating expenses:
Research and development			2,412				2,869				7,852				7,605
Selling, marketing, and distribution			11,170				10,336				30,259				29,839
General and administrative			15,482				12,379				42,263				40,959
Gain on sale/disposition of assets, net			(188	)			(2,382	)			(231	)			(2,521	)
Total operating expenses			28,876				23,202				80,143				75,882
Operating income			6,713				4,745				7,870				10,756
Other expense, net:
Other income/(expense), net			185				—				523				(11	)
Interest expense, net			(1,527	)			(1,723	)			(4,117	)			(3,875	)
Total other expense, net			(1,342	)			(1,723	)			(3,594	)			(3,886	)
Income before income taxes			5,371				3,022				4,276				6,870
Income tax expense			1,618				920				2,017				2,078
Net income		$	3,753			$	2,102			$	2,259			$	4,792
Net income per share:
Basic - net income		$	0.08			$	0.05			$	0.05			$	0.11
Diluted - net income		$	0.08			$	0.05			$	0.05			$	0.11
Weighted average number of common shares outstanding:
Basic			44,493				44,038				44,384				44,627
Diluted			44,982				44,398				44,825				45,069

SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

		For the Nine Months Ended January 31,
		2026				2025
		(In thousands)
Cash flows from operating activities:
Net income		$	2,259			$	4,792
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Depreciation and amortization			23,706				23,860
Gain on sale/disposition of assets			(231	)			(2,521	)
Deferred income taxes			676				(63	)
Stock-based compensation expense			6,364				5,724
Non-cash sublease income			(1,341	)			(1,287	)
Unrealized gain on marketable securities			(407	)			—
Changes in operating assets and liabilities:
Accounts receivable			5,034				1,629
Inventories			14,576				(38,439	)
Prepaid expenses and other current assets			(1,442	)			(3,015	)
Income taxes			(4,205	)			(4,713	)
Accounts payable			(893	)			(16,750	)
Accrued payroll and incentives			2,186				(8,160	)
Accrued profit sharing			(3,247	)			(7,201	)
Accrued expenses and deferred revenue			(3,268	)			(2,244	)
Accrued warranty			(135	)			(377	)
Other assets			105				946
Other non-current liabilities			(123	)			(232	)
Net cash provided by/(used in) operating activities			39,614				(48,051	)
Cash flows from investing activities:
Purchases of marketable securities			(4,634	)			—
Payments to acquire patents and software			(62	)			(150	)
Proceeds from sale of property and equipment			136				2,668
Payments to acquire property and equipment			(18,914	)			(14,314	)
Net cash used in investing activities			(23,474	)			(11,796	)
Cash flows from financing activities:
Proceeds from loans and notes payable			25,000				70,000
Payments on notes and loans payable			(30,000	)			—
Cash paid for debt issuance costs			(219	)			(941	)
Payments on finance lease obligation			(144	)			(134	)
Payments to acquire treasury stock			—				(25,468	)
Dividend distribution			(17,444	)			(17,375	)
Proceeds to acquire common stock from employee stock purchase plan			743				749
Payment of employee withholding tax related to restricted stock units			(886	)			(1,119	)
Net cash (used in)/provided by financing activities			(22,950	)			25,712
Net decrease in cash and cash equivalents			(6,810	)			(34,135	)
Cash and cash equivalents, beginning of period			25,231				60,839
Cash and cash equivalents, end of period		$	18,421			$	26,704
Supplemental disclosure of cash flow information
Cash paid for:
Interest, net of amounts capitalized		$	4,464			$	4,219
Income taxes		$	3,743			$	7,098

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 Nine Months Ended
		January 31, 2026								January 31, 2025								January 31, 2026								January 31, 2025
		$				% of Sales				$				% of Sales				$				% of Sales				$				% of Sales
GAAP net sales		$	135,709							$	115,885							$	345,457							$	333,899
Relocation			—								(203	)							—								(4,416	)
Non-GAAP net sales		$	135,709							$	115,682							$	345,457							$	329,483
GAAP gross profit		$	35,589				26.2	%		$	27,947				24.1	%		$	88,013				25.5	%		$	86,638				25.9	%
Relocation expenses			(129	)							1,096								(133	)							2,830
Settlement			—								—								—								70
Non-GAAP gross profit		$	35,460				26.1	%		$	29,043				25.1	%		$	87,880				25.4	%		$	89,538				27.2	%
GAAP operating expenses		$	28,876				21.3	%		$	23,202				20.0	%		$	80,143				23.2	%		$	75,882				22.7	%
Relocation expenses			10								(149	)							372								(586	)
S&W Academy grand opening			34								—								(452	)							—
Gain on sale of asset			—								2,257								—								2,257
Non-GAAP operating expenses		$	28,920				21.3	%		$	25,310				21.9	%		$	80,063				23.2	%		$	77,553				23.5	%
GAAP operating income		$	6,713				4.9	%		$	4,745				4.1	%		$	7,870				2.3	%		$	10,756				3.2	%
Settlement			—								—								—								70
Relocation expenses			(139	)							1,245								(505	)							3,416
S&W Academy grand opening			(34	)							—								452								—
Gain on sale of asset			—								(2,257	)							—								(2,257	)
Non-GAAP operating income		$	6,540				4.8	%		$	3,733				3.2	%		$	7,817				2.3	%		$	11,985				3.6	%
GAAP net income		$	3,753				2.8	%		$	2,102				1.8	%		$	2,259				0.7	%		$	4,792				1.4	%
Settlement			—								—								—								70
Relocation expenses			(139	)							1,245								(505	)							3,416
S&W Academy grand opening			(34	)							—								452								—
Gain on sale of asset			—								(2,257	)							—								(2,257	)
Tax effect of non-GAAP adjustments			50								311								15								(381	)
Non-GAAP net income		$	3,630				2.7	%		$	1,401				1.2	%		$	2,221				0.6	%		$	5,640				1.7	%
GAAP net income per share—diluted		$	0.08							$	0.05							$	0.05							$	0.11
Settlement			—								—								—								—
Relocation expenses			—								0.03								(0.01	)							0.08
S&W Academy grand opening			—								—								0.01								—
Gain on sale of asset			—								(0.05	)							—								(0.05	)
Tax effect of non-GAAP adjustments			—								0.01								—								(0.01	)
Non-GAAP net income per share - diluted		$	0.08							$	0.03				(a	)		$	0.05							$	0.13

(a) Non-GAAP net income 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 Nine Months Ended
		January 31, 2026				January 31, 2025				January 31, 2026				January 31, 2025
GAAP net income		$	3,753			$	2,102			$	2,259			$	4,792
Interest expense			2,081				2,355				5,900				5,881
Income tax expense			1,618				920				2,017				2,079
Depreciation and amortization			7,177				7,548				23,527				23,754
Stock-based compensation expense			2,374				2,002				6,364				5,724
S&W Academy grand opening expense			(34	)			—				452				—
Gain on sale of asset			—				(2,257	)			—				(2,257	)
Settlement			—				—				—				70
Relocation expense			(139	)			1,230				(505	)			3,143
Non-GAAP Adjusted EBITDAS		$	16,830			$	13,900			$	40,014			$	43,186
Non-GAAP Adjusted EBITDAS Margin			12.4	%			12.0	%			11.6	%			13.1	%

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 Nine Months Ended
		January 31, 2026				January 31, 2025				January 31, 2026				January 31, 2025
Net cash provided by/(used in) operating activities		$	20,456				(9,839	)		$	39,614			$	(48,051	)
Payments to acquire property and equipment			(3,633	)			(6,310	)			(18,914	)			(14,314	)
Free cash flow		$	16,823			$	(16,149	)		$	20,700			$	(62,365	)

FAQ

How did Smith & Wesson (SWBI) perform in Q3 fiscal 2026?

Smith & Wesson reported higher Q3 fiscal 2026 net sales of $135,709,000, up from $115,885,000 a year earlier, and net income of $3,753,000 versus $2,102,000. Diluted EPS increased to $0.08 from $0.05, reflecting improved profitability.

What sales guidance did Smith & Wesson (SWBI) give for Q4 fiscal 2026?

The company stated it expects fourth quarter fiscal 2026 sales to be 10–12% higher than fiscal 2025 fourth quarter sales. Management linked this outlook to brand strength, product assortment, and new offerings in what it described as an otherwise stable market.

How strong were Smith & Wesson’s handgun results in Q3 2026?

Management said handgun unit shipments into the sporting goods channel were up 28% in Q3 fiscal 2026, while NICS background checks were down 2.2%. This gap suggests the company gained market share within a broadly stable overall firearms demand environment.

What was Smith & Wesson’s cash flow and free cash flow for the nine months ended January 31, 2026?

Net cash provided by operating activities for the nine months was $39,614,000, compared with negative $48,051,000 a year earlier. Free cash flow improved to $20,700,000 from negative $62,365,000, showing significantly better cash generation and lower capital outflow.

What dividend did Smith & Wesson (SWBI) declare with its Q3 2026 results?

The board authorized a quarterly dividend of $0.13 per share. It will be paid on April 2, 2026 to stockholders of record on March 19, 2026, aligning with the company’s stated capital allocation strategy.

How did Smith & Wesson’s profitability metrics trend in Q3 fiscal 2026?

GAAP gross profit rose to $35,589,000 from $27,947,000, and GAAP operating income increased to $6,713,000 from $4,745,000. Non-GAAP adjusted EBITDAS for the quarter improved to $16,830,000 from $13,900,000, indicating stronger operating performance.

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