Strong first-quarter growth lifts guidance for full year
Amer Sports, Inc. (NYSE:AS) reported first-quarter results ahead of market expectations on Tuesday and raised its outlook for the full year, helping push the company’s shares 2.53% higher in premarket trading.
The sportswear and equipment group posted adjusted earnings of $0.38 per share, outperforming analyst forecasts of $0.31 per share. Revenue rose 32% year-on-year to $1.95 billion, exceeding the consensus estimate of $1.83 billion and up sharply from $1.47 billion in the same quarter last year.
Growth was supported by strong momentum across all business segments and geographic markets. Technical Apparel revenue increased 33%, Outdoor Performance advanced 42%, and Ball & Racquet Sports posted growth of 13%.
Broad-based brand strength supports expansion
CEO James Zheng said, “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.
All segments, geographies, and channels performed extremely well in Q1, led by exceptional Salomon Softgoods growth, a strong Arc’teryx omni-comp, and solid Wilson Tennis 360 growth.”
Amer Sports raised its full-year adjusted earnings per share forecast to a range of $1.18 to $1.23. The midpoint of $1.21 matches analyst expectations. The company also projected annual revenue growth of 20% to 22%, including an expected foreign exchange benefit of 200 to 250 basis points.
For the second quarter, Amer Sports expects adjusted earnings per share between $0.08 and $0.10, with the midpoint above the analyst consensus estimate of $0.07.
Margins improve across key divisions
Adjusted operating margin expanded by 160 basis points to 17.4% during the quarter. Technical Apparel delivered an operating margin of 26.4%, while Outdoor Performance reached 20.4%.
The company’s adjusted gross margin improved by 200 basis points to 60.0%.