Amer Sports, Inc. (NYSE:AS) shares climbed 6.60% in pre-market trading on Tuesday after the sporting goods company delivered stronger-than-expected second-quarter results and raised its full-year 2026 guidance.
Adjusted earnings per share reached $0.22, exceeding the analyst consensus by $0.11. Revenue came in at $1.63 billion, comfortably ahead of the $1.54 billion expected by Wall Street.
Revenue Climbs 32% as Growth Spans All Segments
Second-quarter revenue increased 32% year on year, or 30% on a constant-currency basis, supported by strong double-digit expansion across every business segment and geographic region.
Technical Apparel revenue grew 32%, led by Arc’teryx and a 17% omni-comp. Outdoor Performance delivered an even stronger 37% increase, driven by Salomon Softgoods, while Ball & Racquet advanced 24% as Wilson Tennis 360 performed strongly.
“Our global momentum continued through the second quarter with over 30% revenue growth and strong operating margin expansion,” said CEO James Zheng. “All segments, geographies, and channels achieved strong double-digit growth led by another exceptional quarter from Salomon Softgoods, a strong Arc’teryx omni-comp, and a Wilson Tennis 360 acceleration.”
Operating Margin Expands Sharply
Profitability also improved considerably, with Amer Sports reporting an adjusted operating margin of 12.8%, representing an expansion of 730 basis points from the previous year.
The figure included a 390-basis-point benefit from net tariff refunds. Even excluding that contribution, the company said its adjusted operating margin expanded by more than 300 basis points.
The combination of rapid sales growth and underlying margin improvement helped Amer Sports deliver an earnings result substantially ahead of market forecasts.
Amer Sports Raises Full-Year Guidance
Following the strong quarter, Amer Sports increased its expectations for the full 2026 financial year.
The company now forecasts adjusted EPS of between $1.27 and $1.30. The midpoint of $1.29 stands above the current analyst consensus of $1.26.
Amer Sports also raised its full-year revenue growth forecast to approximately 24% and increased its adjusted operating margin guidance to a range of 14.2% to 14.5%.
For the third quarter, management expects adjusted EPS of $0.31 to $0.33 alongside revenue growth of between 18% and 20%.
Key Brands Continue to Drive Momentum
Management highlighted Arc’teryx, Salomon Softgoods and Wilson Tennis 360 as three of the company’s most important growth opportunities, with previous investments across those businesses increasingly translating into stronger financial results.
CFO Andrew Page noted, “We had another great financial performance in the second quarter across the P&L, with strong sales, margins, and EPS. The investments we have been making are paying off in the form of strong momentum across our three largest opportunities: Arc’teryx, Salomon Softgoods, and Wilson Tennis 360.”
The combination of better-than-expected earnings, broad-based double-digit growth, substantial margin expansion and upgraded full-year guidance helped drive Amer Sports (NYSE:AS) shares more than 6% higher ahead of Tuesday’s opening bell.
Amer Sports stock price
