NYSE$AS

Amer Sports Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Amer Sports delivered strong Q2 2025 performance and raised full-year guidance.

Amer Sports reported solid Q2 2025 results with revenue of $1.24B and a return to profitability. Growth was led by strong performance in the Outdoor and Technical Apparel segments, particularly from Arc’teryx and Salomon. The company also raised its full-year revenue, margin, and EPS guidance.

Headline financials

Total Revenue

$1.24B

Previous: $923M+33.9%
EPS (adj)

$0.06

Previous: $0.05+20.0%
Gross Margin

58.5%

No prior period
Adjusted Gross Margin

58.7%

No prior period
Operating Margin

3.5%

No prior period
Adjusted Operating Margin

5.5%

No prior period
Capital Expenditures

-$66M

Previous: -$58.2M-13.5%
Net Income

$18.2M

Previous: -$3.44M+629.5%
Operating Income

$43.7M

Previous: $10.1M+331.6%
Gross Profit

$723M

Previous: $512M+41.2%

Revenue & EPS history

Amer Sports Inc · Revenue · Quarterly

$1.24B

Q2 2025+33.9%vs Q2 2024
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Revenue by segment

Amer Sports Inc · $1.95B total across 3 segments · Q1 2026

  • Technical Apparel
    $885M+33.3%
  • Outdoor Performance
    $714M+42.2%
  • Ball & Racquet Sports (Wilson portfolio)
    $347M

Forward guidance

Amer Sports raised its full-year 2025 guidance for revenue, gross margin, and EPS based on strong brand performance and solid operational execution.

Tailwinds

  • FY revenue, adjusted margin, and EPS guidance raised
  • Arc’teryx momentum continues across regions and categories
  • Salomon footwear growth driving Outdoor segment
  • Ball & Racquet Sports shows improving margins
  • Government grants provided Q2 margin uplift

Headwinds

  • Higher tariffs assumed for remainder of 2025
  • SG&A expenses rose 23% YoY
  • Inventory increased 29% YoY
  • Gross margin expansion may be affected by tariffs
  • Leadership transition at Wilson with CEO exit

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 7 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.7%

Avg return

Earnings day

+6.7%

Avg return

5 days after

+7.4%

Avg return

30 days after

56%

5 / 9 earnings

Positive

+14.6%

Q2 2024

Best reaction

-12.6%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.9%
Q4 2025-3.2%-6.2%-21.4%
Q3 2025+8.4%+10.7%+24.1%
Q2 2025-4.9%+10.6%+1.0%
Q1 2025+0.8%+18.0%+15.3%
Q3 2024+7.3%+24.4%+40.7%
Q2 2024+14.6%+14.3%+21.7%
Q1 2024-6.4%-7.5%-11.6%
Q4 2023-12.6%-10.7%-10.6%
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022

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