• Reported GAAP EPS of $0.29 up 20.83% YoY • Reported revenue of $1.95B up 32.12% YoY • Amer Sports is increasing full-year 2026 guidance, expecting reported revenue growth of 20-22%, gross margin of 59.0-59.5%, operating margin of 13.4-13.7%, and fully diluted EPS of $1.18-$1.23.
Bullish
Amer Sports reported strong Q1 2026 revenue growth of 32% to $1,945 million, alongside significant gross and operating margin expansion. Key brands like Technical Apparel and Outdoor Performance demonstrated robust momentum.
Bearish
Amer Sports' inventories increased 33% year-over-year, while Ball & Racquet Sports' operating margin decreased 370 basis points. The company also notes difficulty reconciling forward-looking non-IFRS measures to IFRS.