Smith & Wesson Reports Q2 FY26 Financial Results: Net Sales Down 3.9%, Gross Margin at 24.3%, and Non-GAAP Adjusted EBITDAS at $15.1 Million.

Smith & Wesson Brands reported Q2 net sales of $124.7 million, a decrease of 3.9% YoY. Gross margin was 24.3%, down from 26.6% in the same period last year. GAAP net income was $1.9 million, or $0.04 per diluted share, while non-GAAP net income was $2.0 million, or $0.04 per diluted share. Non-GAAP Adjusted EBITDAS was $15.1 million, or 12.1% of net sales. Net cash provided by operating activities was $27.3 million, up $34.7 million YoY.