Amer Sports reported a 32% year-over-year increase in second-quarter 2026 revenue to $1.63 billion, driven by strong performance across all three segments and a 200-basis-point currency benefit. The adjusted operating margin expanded by more than 300 basis points to 12.8%, while adjusted diluted earnings per share rose to $0.22 from $0.06 in the prior-year period. Shares rose 6.22% in premarket trading to $34.60.
Adjusted gross profit margin improved to 65.8% from 58.7%, reflecting higher margins across all segments. Adjusted net income attributable to equity holders totaled $127 million, compared with $36 million a year earlier. The company maintained a net cash position of $573 million as of June 30, 2026, with total debt at $147 million and a leverage ratio of negative 0.4x. Estimated 2026 adjusted EBITDA is projected at $1.59 billion.
Technical Apparel, led by Arc’teryx, reported revenue growth of 32% to $674 million, with an operating margin expansion of 470 basis points to 18.8%. Salomon, the Outdoor Performance segment, grew revenue by 37% to $569 million, with an operating margin increase of 800 basis points to 14.6%. Wilson, the Ball & Racquet segment, reported a 24% revenue increase to $390 million, with an operating margin improvement of 1,300 basis points to 17.2%. Inventory growth of 19% remained well below sales growth, indicating improving sell-through.
Direct-to-consumer sales accounted for a record 55% of total revenue, with wholesale growth accelerating to 24% in the latest quarter. Geographic performance showed strong growth in Asia Pacific excluding Greater China at 60%, while Greater China grew 36%. The Americas accelerated to 26%, and EMEA grew 20%.
Amer Sports raised its full-year 2026 outlook, projecting reported revenue growth of approximately 24%, including a 200–250 basis-point currency benefit. Gross margin is expected to range between 60.5% and 61.0%, with an operating margin of 14.2% to 14.5%. Adjusted diluted EPS is forecast at $1.27 to $1.30, up from the prior guidance of $1.18 to $1.23. For the third quarter of 2026, the company expects reported revenue growth of 18% to 20%, with an operating margin of 13.5% to 14.0% and adjusted diluted EPS of $0.31 to $0.33.
