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

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

Boston Beer Price Performance

NYSE:SAM opened at $201.71 on Friday. Boston Beer has a fifty-two week low of $158.68 and a fifty-two week high of $264.46. The stock has a market capitalization of $2.10 billion, a PE ratio of -29.53 and a beta of 0.82. The business’s 50-day simple moving average is $175.23 and its 200-day simple moving average is $187.13.

Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, October 22nd. The company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.16. The business had revenue of $520.10 million during the quarter, compared to analysts’ expectations of $522.95 million. Boston Beer had a positive return on equity of 10.36% and a negative net margin of 3.59%. Boston Beer’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.25 EPS. On average, research analysts expect that Boston Beer will post 9.15 earnings per share for the current year.

Wall Street Analyst Weigh In

SAM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $176.00 target price on shares of Boston Beer in a research note on Friday, July 24th. UBS Group increased their target price on Boston Beer from $190.00 to $204.00 and gave the stock a “neutral” rating in a report on Friday. Weiss Ratings reissued a “sell (d)” rating on shares of Boston Beer in a research note on Monday, August 3rd. Sanford C. Bernstein restated a “market perform” rating and issued a $195.00 price target on shares of Boston Beer in a report on Monday, July 27th. Finally, Zacks Research upgraded Boston Beer from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 22nd. One equities 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. Based on data from MarketBeat, Boston Beer presently has a consensus rating of “Reduce” and a consensus target price of $206.82.

Boston Beer News Roundup

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 increasing from $4.25 a year earlier. Boston Beer Q3 Earnings Beat on Margin Gains, Revenues Miss
• Positive Sentiment: Third-quarter gross margin expanded 90 basis points year over year to 51.7%, supported by brewery efficiencies and a greater share of production completed internally. Boston Beer produced 98% of domestic volume itself. Boston Beer: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: The company raised its 2026 adjusted EPS outlook to $9.00-$10.50, above the roughly $8.94 consensus estimate. It also ended the quarter with $308.1 million in cash, no debt, and repurchased $79.5 million of stock from late 2025 through October 16, 2026. Boston Beer Projects 2026 Non-GAAP EPS Outlook
• Neutral Sentiment: Management said it is prioritizing controllable measures to improve market-share trends while acknowledging that the demand environment remains difficult. The margin-led earnings rebound has prompted discussion over whether SAM is undervalued, but valuation depends on a sustained recovery in sales. Is Boston Beer Undervalued Following Its Margin-Led Earnings Rebound?
• Negative Sentiment: Underlying demand remains weak: third-quarter depletions fell 5%, shipments declined 4.9%, and revenue dropped 3.2% to $520.1 million, below the $522.95 million consensus. Reported profit also declined to $43.2 million from $46.2 million a year earlier. Boston Beer Logs Lower Profit and Revenue
• Negative Sentiment: Management narrowed its 2026 volume outlook to a mid-single-digit decline, indicating that improved profitability is currently offsetting, rather than eliminating, pressure on sales and shipments. Boston Beer Lifts Earnings Forecast as Sales and Shipments Fall

About Boston Beer

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.