SWBI Q1 2027 Earnings Report

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Exhibit 99.1 Smith & Wesson Brands, Inc. Reports First Quarter Fiscal 2027 Financial Results - Q1 Net Sales of $112.6 Million - Q1 Gross Margin of 28.7% - Q1 EPS of $0.06/Share MARYVILLE, Tenn., September 3, 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 ﬁrst quarter of ﬁscal 2027, ended July 31, 2026. Financial Highlights • Net sales were $112.6 million, an increase of $27.5 million, or 32.3%, from the comparable quarter last year. • Gross margin was 28.7% compared with 25.9% in the comparable quarter last year. During the ﬁrst quarter of ﬁscal 2027, we received $2.9 million in tariﬀ refunds. These refunds favorably impacted gross margin by approximately 260 basis points and represented a non-recurring beneﬁt. • GAAP net income was $2.6 million, or $0.06 per diluted share, compared with a net loss of $3.4 million, or $0.08 per diluted share, for the comparable quarter last year. • Non-GAAP net income was $2.6 million, or $0.06 per diluted share, compared with a net loss of $3.4 million, or $0.08 per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for income exclude costs related to the relocation. For a detailed reconciliation, see the schedules that follow in this release. • Non-GAAP Adjusted EBITDAS was $13.8 million, or 12.2% of net sales, compared with $7.4 million, or 8.7% of net sales, for the comparable quarter last year. Mark Smith, President and Chief Executive Oﬃcer, commented, "We are oﬀ to an excellent start to ﬁscal 2027. Continued solid demand for our products in both the consumer and professional channels in the ﬁrst quarter were a direct result of our purposeful focus on innovation, the strength of our industry partnerships, operational execution, and the power of the iconic Smith & Wesson brand. We delivered signiﬁcant year-over-year increases in all key ﬁnancial metrics, including 32% growth in net sales and an increase in earnings per share to $0.06 from a loss of $0.08 last year. This continues to be a story about brand strength paired with a purposeful long-term strategy. With this momentum, we expect our second quarter to signiﬁcantly outperform last year on both the top and bottom lines." Deana McPherson, Executive Vice President and Chief Financial Oﬃcer, commented, "We continue to expect a normal seasonal environment and strong demand for our products, resulting in anticipated sales for the second quarter of roughly 10% above last year. For the full year, we continue to expect that our ﬁscal 2027 revenue will grow approximately 5-7% over ﬁscal 2026. 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 September 17, 2026, with payment to be made on October 1, 2026." Conference Call and Webcast The company will host a conference call and webcast on September 3, 2026 to discuss its ﬁrst quarter ﬁscal 2027 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

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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 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, net, (ii) income tax expense/(beneﬁt), (iii) depreciation and amortization, (iv) stock-based compensation expense, (v) relocation expense, and (vi) 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. Change in Non-GAAP Financial Measure Prior to ﬁscal 2026, our calculation of Adjusted EBITDAS included an adjustment for interest expense. Beginning with the fourth quarter of ﬁscal 2026 presentation for all periods presented herein, we also included an adjustment for interest income such that Adjusted EBITDAS is fully adjusted for the eﬀect of Interest expense, net as presented on the Consolidated Statements of Income. We believe that adjusting for both interest expense and interest income assists users of the ﬁnancial statements in understanding the results of our core operations and comparing those results on a consistent basis from period to period. For the three months ended July 31, 2026, this change resulted in a decrease of $547,000 in the amount of Adjusted EBITDAS compared to the amounts that would have been reported using the previous methodology. For the three months ended July 31 2025, the change also resulted in a decrease of $632,000 in the amount of Adjusted EBITDAS compared to the amounts that were previously reported. 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 this continues to be a story about brand strength paired with a purposeful long-term strategy; we expect our second quarter to signiﬁcantly outperform last year on both the top and bottom lines; we continue to expect a normal seasonal environment and strong demand for our products, resulting in

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sales for the second quarter roughly 10% above last year; and for the full year, we continue to expect that our ﬁscal 2027 revenue will grow approximately 5-7% over ﬁscal 2026. 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, 2026. Contact: investorrelations@smith-wesson.com (413) 747-3448

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SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) As of: July 31, 2026 April 30, 2026 (In thousands, except par value and share data) ASSETS Current assets: Cash and cash equivalents $ 18,699 $ 28,190 Marketable securities 6,536 5,162 Accounts receivable, net of allowances for credit losses of $5 on July 31, 2026 and April 30, 2026 29,711 40,014 Inventories 180,661 156,250 Prepaid expenses and other current assets 8,558 7,170 Income tax receivable 3,328 4,617 Total current assets 247,493 241,403 Property, plant, and equipment, net of accumulated depreciation and amortization of $403,821 on July 31, 2026 and $397,668 on April 30, 2026 242,813 238,643 Intangibles, net 1,879 1,956 Goodwill 19,024 19,024 Deferred income taxes 4,347 4,347 Other assets 7,748 7,393 Total assets $ 523,304 $ 512,766 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 37,393 $ 34,570 Accrued expenses and deferred revenue 17,095 19,146 Accrued payroll and incentives 6,577 15,196 Accrued profit sharing 5,899 5,155 Accrued warranty 1,467 1,300 Total current liabilities 68,431 75,367 Notes and loans payable (Note 3) 39,185 19,121 Finance lease payable, net of current portion 31,676 32,163 Other non-current liabilities 10,310 9,556 Total liabilities 149,602 136,207 Commitments and contingencies (Note 8) 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, 44,839,680 shares issued and outstanding on July 31, 2026 and 44,605,993 shares issued and outstanding on April 30, 2026 45 45 Additional paid-in capital 3,194 2,776 Retained earnings 370,463 373,738 Total stockholders’ equity 373,702 376,559 Total liabilities and stockholders’ equity $ 523,304 $ 512,766

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SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) For the Three Months Ended July 31, 2026 2025 (In thousands, except per share data) Net sales $ 112,587 $ 85,077 Cost of sales 80,317 63,003 Gross profit 32,270 22,074 Operating expenses: Research and development 2,557 3,007 Selling, marketing, and distribution 10,158 8,752 General and administrative 15,338 13,316 Gain on sale/disposition of assets, net — (43) Total operating expenses 28,053 25,032 Operating income/(loss) 4,217 (2,958) Other expense, net: Other income, net 98 62 Interest expense, net (298) (1,205) Total other expense, net (200) (1,143) Income/(loss) before income taxes 4,017 (4,101) Income tax expense/(benefit) 1,429 (690) Net income/(loss) $ 2,588 $ (3,411) Net income/(loss) per share: Basic - net income/(loss) $ 0.06 $ (0.08) Diluted - net income/(loss) $ 0.06 $ (0.08) Weighted average number of common shares outstanding: Basic 44,778 44,262 Diluted 45,476 44,262

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SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) For the Three Months Ended July 31, 2026 2025 (In thousands) Cash flows from operating activities: Net income/(loss) $ 2,588 $ (3,411) Adjustments to reconcile net income/(loss) to net cash used in operating activities: Depreciation and amortization 7,701 8,436 Gain on sale/disposition of assets — (43) Stock-based compensation expense 1,813 1,892 Non-cash sublease income (461) (442) Other, net (77) (51) Changes in operating assets and liabilities: Accounts receivable 10,303 14,559 Inventories (24,411) (13,257) Prepaid expenses and other current assets (1,388) (2,781) Income taxes 1,289 (817) Accounts payable 3,033 (6,429) Accrued payroll and incentives (8,619) (1,371) Accrued profit sharing 744 — Accrued expenses and deferred revenue (1,988) (4,092) Accrued warranty 167 (127) Other assets (294) 23 Other non-current liabilities 754 (199) Net cash used in operating activities (8,846) (8,110) Cash flows from investing activities: Purchases of marketable securities (1,456) (3,168) Proceeds from sale of marketable securities 159 — Payments to acquire patents and software (11) (54) Proceeds from sale of property and equipment — 49 Payments to acquire property and equipment (11,929) (4,291) Net cash used in investing activities (13,237) (7,464) Cash flows from financing activities: Proceeds from loans and notes payable 20,000 20,000 Payments on loans and notes payable — (5,000) Payments on finance lease obligation (52) (46) Dividend distribution (5,961) (5,855) Payment of employee withholding tax related to restricted stock units (1,395) (792) Net cash provided by financing activities 12,592 8,307 Net decrease in cash and cash equivalents (9,491) (7,267) Cash and cash equivalents, beginning of period 28,190 25,231 Cash and cash equivalents, end of period $ 18,699 $ 17,964 Supplemental disclosure of cash flow information Cash paid for: Interest, net of amounts capitalized $ 330 $ 1,288

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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 July 31, 2026 July 31, 2025 $ % of Sales $ % of Sales GAAP gross profit $ 32,270 28.7% $ 22,074 25.9% Relocation expenses — 85 Non-GAAP gross profit $ 32,270 28.7% $ 22,159 26.0% GAAP operating expenses $ 28,053 24.9% $ 25,032 29.4% Relocation expenses — 53 Non-GAAP operating expenses $ 28,053 24.9% $ 25,085 29.5% GAAP operating income $ 4,217 3.7% $ (2,958) -3.5% Relocation expenses — 32 Non-GAAP operating income $ 4,217 3.7% $ (2,926) -3.4% GAAP net income $ 2,588 2.3% $ (3,411) -4.0% Relocation expenses — 32 Tax effect of non-GAAP adjustments — (11) Non-GAAP net income $ 2,588 2.3% $ (3,390) -4.0% GAAP net income per share - diluted $ 0.06 $ (0.08) Relocation expenses — — Tax effect of non-GAAP adjustments — — Non-GAAP net income per share - diluted $ 0.06 $ (0.08)

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SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP NET INCOME/(LOSS) TO NON-GAAP ADJUSTED EBITDAS (in thousands) (Unaudited) For the Three Months Ended July 31, 2026 July 31, 2025 GAAP net income/(loss) $ 2,588 $ (3,411) Interest expense, net 298 1,205 Income tax expense/(benefit) 1,429 (690) Depreciation and amortization 7,637 8,385 Stock-based compensation expense 1,813 1,892 Relocation expense — 32 Non-GAAP Adjusted EBITDAS $ 13,765 $ 7,413 Non-GAAP Adjusted EBITDAS Margin 12.2% 8.7% SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES RECONCILIATION OF NET CASH USED IN OPERATING ACTIVITIES TO FREE CASH FLOW (in thousands) (Unaudited) For the Three Months Ended July 31, 2026 July 31, 2025 Net cash used in operating activities $ (8,846) $ (8,110) Payments to acquire property and equipment (11,929) (4,291) Free cash flow $ (20,775) $ (12,401)

Earnings release