Key Takeaways:
- Reports Q1 adjusted EPS of $0.38, beating estimates of $0.31
- Revenue grew 32% year-over-year to $1.95 billion, led by Salomon
- Raises full-year 2026 revenue growth guidance to 20-22%
Back
Amer Sports raises 2026 outlook after 32% Q1 revenue jump
Amer Sports Inc. (NYSE: AS) reported first-quarter revenue of $1.95 billion, a 32 percent year-over-year increase that beat estimates and led the company to raise its full-year guidance.
"Our excellent momentum continued in the first quarter of 2026, as our unique portfolio of technical sports and outdoor brands are creating white space and taking share globally," CEO James Zheng said in a statement.
The Arc'teryx and Salomon parent posted adjusted diluted earnings per share of $0.38, topping Wall Street expectations of $0.31. All segments grew, with the Outdoor Performance division jumping 42 percent, while sales in Greater China climbed 44.5 percent.
Following the results, the company raised its full-year revenue growth forecast to a range of 20 to 22 percent and its adjusted EPS outlook to $1.18-$1.23. Shares rose nearly 3.3 percent in pre-market trading on the news.
Performance by Segment
The company's strong quarter was driven by broad-based growth across its portfolio.
- Outdoor Performance, which includes the Salomon brand, saw the fastest growth, with revenues increasing 42 percent to $714 million.
- Technical Apparel, led by the high-margin Arc’teryx brand, reported a 33 percent revenue increase to $885 million.
- Ball & Racquet Sports, featuring the Wilson brand, grew 13 percent to $347 million.
Direct-to-consumer channels outperformed, with revenue gaining 44.6 percent to just over $1 billion, while the wholesale channel grew 21 percent.
Updated 2026 Outlook
CFO Andrew Page said the investments made behind the company's biggest opportunities were paying off. "Looking ahead, given the momentum from our highest-margin Arc'teryx franchise, accelerating Salomon Softgoods growth, plus the solid foundation of our equipment franchises, we have the confidence to raise our 2026 sales, margin, and EPS guidance," Page said.
For the full fiscal year 2026, Amer now projects reported revenue growth of 20 to 22 percent, with an adjusted operating margin between 13.4 and 13.7 percent. For the second quarter, the company guided for revenue growth between 22 and 24 percent, with adjusted diluted EPS of $0.08 to $0.10.
The strong results from Amer, an associate of ANTA SPORTS (02020.HK), are seen as a positive indicator for ANTA's own performance, particularly given the operational synergies and 44.5% sales growth in the Greater China region.
This article is for informational purposes only and does not constitute investment advice.
[1] <Research> Citi: Amer Raises FY2026 Guidance, Positive for ANTA SPORTS (02020.HK)[2] Amer Sports Reports First Quarter 2026 Financial Results, Raises Full Year Revenue, Margin, and EPS Guidance[3] Arc’teryx, Salomon Parent Raises Full-year Guidance After Q1 Beat[4] Amer Sports Raises FY Guidance and Beats on Bottom Line in 2026 First Quarter[5] Amer Sports’ upbeat Q1 impresses investors – here’s what CFO said about its three growth engines
