Amer Sports Inc (NYSE:AS) shares added almost 5% on Tuesday after the company reported first quarter 2026 results that beat analyst expectations on both revenue and earnings and raised its full-year outlook.
The company posted revenue of $1.95 billion for the quarter, up 32% year-over-year and ahead of the $1.83 billion consensus estimate. On a constant currency basis, revenue rose 26%.
Earnings per share came in at $0.38, topping expectations of $0.31 and improving from $0.27 in the same period last year.
Amer Sports said growth was broad-based across its portfolio, with all four regions delivering double-digit gains and strong performance across its three core segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.
Technical Apparel revenue increased 33% to $885 million, supported by strength across categories and channels, including 19% growth in omni-channel comparable sales. Outdoor Performance was the standout segment, rising 42% to $714 million, driven by momentum in Salomon softgoods and significant margin expansion. Ball & Racquet Sports grew 13% to $347 million, led by Wilson Tennis 360.
Profitability also improved during the quarter. Gross margin rose 210 basis points to 59.9%, while operating margin increased to 16.5% from 14.5% a year earlier. Adjusted earnings attributable to shareholders rose 47% to $218 million.
Amer Sports CEO James Zheng said the company continued to see “excellent momentum” across its global brands, highlighting growth in Arc’teryx, Salomon softgoods, and Wilson Tennis 360. “All segments, geographies, and channels performed extremely well in Q1,” he said, adding that the portfolio continues to gain share globally.
For 2026, Amer Sports now expects reported revenue growth of 20% to 22%, along with higher gross and operating margins and adjusted full-year EPS of $1.18 to $1.23.
The company also noted balance sheet strength, with net cash of $539 million at quarter-end, while inventories rose 33% year-over-year to $1.69 billion.