Smith & Wesson Brands Inc. Reports Q1 Fiscal 2026 Results: Net Sales Decrease 3.7% to $85.1 Million, Net Loss Widens to $0.08/Share
Smith & Wesson Brands, Inc., a leading U.S.-based firearm manufacturer, reported its financial results for the first quarter of fiscal year 2026, ending July 31, 2025. The company recorded net sales of $85.1 million, marking a decrease of $3.3 million or 3.7% from the same quarter the previous year. The gross margin was reported at 25.9%, down from 27.4% year-over-year. The company's GAAP net loss increased to $3.4 million, or $0.08 per share, compared to a net loss of $1.9 million, or $0.04 per share, in the same quarter last year. Smith & Wesson highlighted the strong market demand for its new products, which accounted for 37.3% of the first quarter sales. The company emphasized its commitment to innovation, with plans to continue investing in new product development to maintain its leadership position in the firearms market.
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