NYSE$AS
Amer Sports Inc · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Amer Sports delivered strong double-digit revenue growth in Q4 2025 with margin expansion at the gross level and significant earnings growth year-over-year.
Amer Sports reported Q4 revenue of 2101100000 with net income of 133500000, driven by broad-based segment and geographic growth. Gross margin expanded while operating margin slightly declined due to accelerated SG&A investments.
- Revenue increased 28.5% year-over-year to 2101100000.
- Gross margin expanded to 57.7% from 56.1%.
- Operating profit rose to 228000000 with margin at 10.9%.
- Technical Apparel led growth with 34.2% revenue increase.
Headline financials
Revenue & EPS history
Amer Sports Inc · Revenue · Quarterly
$2.1B
Revenue by segment
Amer Sports Inc · $1.95B total across 3 segments · Q1 2026
- Technical Apparel$885M+33.3%45.5%
- Outdoor Performance$714M+42.2%36.7%
- Ball & Racquet Sports (Wilson portfolio)$347M—17.8%
Forward guidance
For full year 2026, Amer Sports expects continued strong double-digit revenue growth with further gross and operating margin expansion.
Tailwinds
- Reported revenue growth of 16% to 18% expected.
- Gross margin projected at approximately 59.0%.
- Operating margin expected between 13.1% and 13.3%.
- Technical Apparel revenue growth guided at 18% to 20%.
- Outdoor Performance revenue growth guided at 18% to 20%.
Headwinds
- Corporate expenses expected to increase by approximately 50000000.
- Net finance cost projected between 105000000 and 110000000.
- Effective tax rate expected at approximately 28%.
- Ball & Racquet revenue growth slower at 7% to 9%.
- Operating margin guidance implies moderate expansion versus Q4 level.
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 Q4 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
| Quarter | Report date | Reaction (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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