Boston Beer (NYSE:SAM) Announces FY 2026 Earnings Guidance

Boston Beer (NYSE:SAM) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 9.000-10.500 for the period, compared to the consensus earnings per share estimate of 8.940.

Analyst Ratings Changes

SAM has been the subject of a number of research reports. Zacks Research raised shares of Boston Beer from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Sanford C. Bernstein reissued a “market perform” rating and set a $195.00 price target on shares of Boston Beer in a report on Monday, July 27th. The Goldman Sachs Group dropped their price target on Boston Beer from $192.00 to $169.00 and set a “sell” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boston Beer in a research note on Monday, August 3rd. Finally, Roth Capital reaffirmed a “buy” rating and set a $295.00 price objective (down from $315.00) on shares of Boston Beer in a research report on Friday, July 24th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Boston Beer has a consensus rating of “Reduce” and a consensus target price of $205.09.

Boston Beer Stock Up 8.3%

NYSE SAM opened at $196.94 on Friday. The stock has a market capitalization of $2.05 billion, a P/E ratio of -29.01 and a beta of 0.82. Boston Beer has a 52-week low of $158.68 and a 52-week high of $264.46. The firm has a 50-day moving average price of $174.91 and a 200 day moving average price of $187.03.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, October 22nd. The company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.16. The company had revenue of $520.10 million for the quarter, compared to analysts’ expectations of $522.95 million. Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.25 EPS. On average, equities research analysts expect that Boston Beer will post 8.99 earnings per share for the current fiscal year.

Trending Headlines about Boston Beer

Here are the key news stories impacting Boston Beer this week:

• Positive Sentiment: Boston Beer reported third-quarter non-GAAP EPS of $4.37, exceeding the $4.21 consensus estimate and rising from $4.25 a year earlier. The company also raised its 2026 non-GAAP EPS outlook to $9.00–$10.50, above the prior analyst expectation of approximately $8.90. Boston Beer projects 2026 non-GAAP EPS of $9 to $10.50 while narrowing volume outlook to down mid-single digits
• Positive Sentiment: Gross margin improved to 51.7%, up 90 basis points year over year, while the company produced 98% of domestic volume internally. Boston Beer ended the quarter with $308.1 million in cash and no debt and repurchased $79.5 million of shares since late December, supporting per-share earnings and signaling management’s confidence in the balance sheet. Boston Beer: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Revenue totaled $520.1 million, broadly near expectations, while GAAP diluted EPS was $4.21 after a $0.16-per-share nonrecurring litigation expense. Year-to-date non-GAAP EPS reached $9.64, but GAAP results included substantial litigation-related charges. Boston Beer Reports Third Quarter Financial Results
• Negative Sentiment: Demand remains weak: third-quarter depletions fell 5%, shipments declined 4.9%, and revenue decreased 3.2% year over year. Boston Beer narrowed its 2026 volume outlook to a mid-single-digit decline, while quarterly profit fell to $43.2 million from $46.2 million amid a challenging beer market. Boston Beer Logs Lower Profit, Revenue Amid Bleak Beer Market

Boston Beer Company Profile

Boston Beer Company, Inc is an American beverage company that develops, produces, and sells alcoholic beverages. The company is best known for its Samuel Adams craft beer brand, which includes Boston Lager and a range of seasonal, specialty, and limited-release beers.

Its portfolio also includes Twisted Tea hard iced tea, Truly Hard Seltzer, Angry Orchard hard cider, and beverages associated with Dogfish Head, which Boston Beer acquired in 2019. The company offers products across several categories, including beer, flavored malt beverages, hard seltzer, and hard cider, with offerings distributed primarily through wholesalers, retailers, restaurants, and other on-premise establishments.

Founded in 1984 by Jim Koch, Boston Beer helped expand the U.S.