Analyst Consensus ?
ConsensusBuy16 ratings
Bullish1487.5%
Neutral212.5%
Bearish00.0%
Amer Sports, Inc. · AS · FY2026 Q1 · Calendar Q2 2026
Amer Sports raises 2026 outlook as Arc’teryx and Salomon lead growth
The quarter supports a constructive operating thesis for Amer Sports: resilient demand, DTC growth, and brand-led expansion were accompanied by raised guidance. The evidence still needs to show that margin gains, inventory growth, and the planned store rollout remain manageable.
Reported Before market openNYSEConsumer Cyclical
$15.56B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.38
Consensus $0.31
EPS surprise
+24.1%
Reported versus consensus
Reported revenue
$1.95B
Consensus $1.84B
Revenue surprise
+5.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.1%
Event window
SPY move
-0.7%
Same window
Abnormal move
+2.7%
Stock minus SPY
Volume
4.1×
Versus trailing sessions
Subsequent drift
+3.8%
Up to 20 sessions
ASSPY benchmark
Ask FN2 about AS FY2026 Q1
Transcript, numbers and history already loaded
Why did AS rise 2.1% after beating EPS estimates in FY2026 Q1?What changed in AS's guidance and outlook in FY2026 Q1?Give me the bull and bear case for AS after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Amer Sports paired strong Q1 growth with higher full-year revenue and margin expectations. The main operating emphasis shifted toward accelerating store openings, expanding DTC and wholesale reach, and investing behind Arc’teryx, Salomon, and Wilson, while tariff, inventory, and logistics risks remain.
Guidance delta
Management raised full-year revenue guidance to 20%–22% growth and lifted margin targets.
Key takeaways
- Q1 sales grew 32% year over year, led by Arc’teryx, Salomon Softgoods, and Wilson Tennis 360.
- DTC represented about half of revenue and grew 45% year over year.
- Management cited strong omni-channel demand and plans substantial store expansion, while inventory rose 33% year over year.
Management priorities
- Expand Arc’teryx and Salomon store networks, especially in Greater China.
- Scale Wilson Tennis 360 distribution and wholesale partnerships.
- Invest in product design, IT infrastructure, and community-led brand programs.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$26.84Current
$19Low
$43.23Average
$62High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Overweight | Maintain | Sep 18, 2026 |
| BTIG | Buy | Buy | Maintain | Sep 18, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 19, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 19, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 4, 2026 |
| UBS | Buy | Buy | Maintain | May 20, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Feb 25, 2026 |
| Citigroup | Buy | Buy | Maintain | Sep 19, 2025 |
| Baird | Outperform | Outperform | Maintain | Sep 19, 2025 |
| B of A Securities | Buy | Buy | Maintain | Sep 19, 2025 |
| HSBC | Buy | Hold | Upgrade | Aug 27, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Jul 22, 2025 |
| TD Securities | Buy | Buy | Maintain | May 21, 2025 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | May 21, 2025 |
| TD Cowen | Buy | Buy | Maintain | Jan 8, 2025 |
| Bernstein | Market Perform | Outperform | Downgrade | Apr 8, 2024 |
Named analyst price targets
Upside is calculated against the persisted current price $26.84. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $38 | $27.17 | +41.6% | Sep 21, 2026 |
| Goldman Sachs | Analyst unavailable | $43 | $26.27 | +60.2% | Sep 18, 2026 |
| UBS | Analyst unavailable | $42 | $27.77 | +56.5% | Sep 10, 2026 |
| Morgan Stanley | Alex Straton | $31 | $27.77 | +15.5% | Sep 10, 2026 |
| BMO Capital | Analyst unavailable | $38 | $28.69 | +41.6% | Sep 8, 2026 |
| Barclays | Analyst unavailable | $50 | $33.62 | +86.3% | Aug 19, 2026 |
| Piper Sandler | Anna Andreeva | $45 | $35.13 | +67.6% | Jul 27, 2026 |
| UBS | Jay Sole | $62 | $35.24 | +131.0% | May 20, 2026 |
| Deutsche Bank | Analyst unavailable | $52 | $35.14 | +93.7% | May 20, 2026 |
| Robert W. Baird | Jonathan Komp | $51 | $33.83 | +90.0% | May 20, 2026 |
| Truist Financial | Analyst unavailable | $50 | $33.82 | +86.3% | May 19, 2026 |
| Deutsche Bank | Analyst unavailable | $50 | $33.03 | +86.3% | May 13, 2026 |
| Truist Financial | Joseph Civello | $49 | $36.52 | +82.5% | Feb 25, 2026 |
| Evercore ISI | Michael Binetti | $50 | $41.15 | +86.3% | Feb 19, 2026 |
| UBS | Analyst unavailable | $60 | $40.69 | +123.5% | Feb 10, 2026 |
| Truist Financial | Joseph Civello | $46 | $37.14 | +71.4% | Jan 14, 2026 |
| Deutsche Bank | Analyst unavailable | $49 | $39.35 | +82.5% | Jan 8, 2026 |
| UBS | Analyst unavailable | $58 | $38.39 | +116.1% | Jan 8, 2026 |
| Wells Fargo | Ike Boruchow | $45 | $39.04 | +67.6% | Dec 16, 2025 |
| Barclays | Analyst unavailable | $49 | $37.19 | +82.5% | Dec 9, 2025 |
| Evercore ISI | Michael Binetti | $46 | $33.36 | +71.4% | Nov 19, 2025 |
| Nomura | Analyst unavailable | $39.8 | $33.36 | +48.3% | Nov 18, 2025 |
| Truist Financial | Analyst unavailable | $42 | $31.76 | +56.5% | Oct 27, 2025 |
| Wells Fargo | Ike Boruchow | $40 | $34.48 | +49.0% | Sep 29, 2025 |
| Wells Fargo | Ike Boruchow | $38 | $37.45 | +41.6% | Sep 22, 2025 |
| Morgan Stanley | Alex Straton | $41 | $37.45 | +52.7% | Sep 22, 2025 |
| Robert W. Baird | Jonathan Komp | $46 | $38.21 | +71.4% | Sep 19, 2025 |
| HSBC | Akshay Gupta | $50 | $40.71 | +86.3% | Aug 26, 2025 |
| KGI Securities | Analyst unavailable | $44.3 | $37.31 | +65.0% | Jun 25, 2025 |
| Wells Fargo | Ike Boruchow | $35 | $37 | +30.4% | May 21, 2025 |
| UBS | Jay Sole | $37 | $25.64 | +37.8% | Dec 17, 2024 |
| Evercore ISI | Michael Binetti | $25 | $19.92 | -6.9% | Nov 15, 2024 |
| Robert W. Baird | Jonathan Komp | $20 | $14.04 | -25.5% | Aug 21, 2024 |
| Bank of America Securities | Lorraine Hutchinson | $19 | $14.08 | -29.2% | Aug 21, 2024 |
| Morgan Stanley | Alex Straton | $15 | $15.01 | -44.1% | May 22, 2024 |
| UBS | Jay Sole | $23 | $15.05 | -14.3% | May 22, 2024 |
| Wells Fargo | Ike Boruchow | $17 | $14.76 | -36.7% | May 22, 2024 |
| Goldman Sachs | Brooke Roach | $21 | $16.1 | -21.8% | Feb 26, 2024 |
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Start freeCompany context
Snapshot as of publicationAmer Sports, Inc. is a global enterprise dedicated to the creation, production, promotion, and sale of athletic equipment, clothing, footwear, and related accessories. The company's extensive reach covers Europe, the Middle East, Africa, the Americas, China, and the wider Asia Pacific region. Its operations are structured into three main divisions. The Technical Apparel segment focuses on high-performance outdoor wear, shoes, and accessories, primarily under the Arc'teryx and Peak Performance brands. The Outdoor Performance segment supplies a variety of outdoor apparel, footwear, accessories, and winter sports gear from labels such as Salomon, Atomic, Armada, and ENVE. Finally, the Ball & Racquet Sports segment delivers sports equipment, activewear, and accessories, featuring prominent brands like Wilson, DeMarini, Louisville Slugger, EvoShield, and ATEC.…
Historical context
All AS earningsConsumer Cyclical peers this season
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|---|---|---|---|---|
| AZO AutoZone, Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.6% | +3.3% | AutoZone pairs commercial momentum with an aggressive FY2027 expansion plan |
| LEN-B Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | — | Lennar: Efficiency Gains Offset Housing-Market Pressures |
| LEN Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | -4.1% | Lennar Holds Volume Guidance as Margins Improve Despite Housing Headwinds |
| TCOM Trip.com Group Limited | FY2026 Q2 · Calendar Q3 2026 | +22.3% | +3.0% | Trip.com pairs international growth with heavier AI investment |
| CASY Casey's General Stores, Inc. | FY2027 Q1 · Calendar Q3 2026 | +8.7% | -14.2% | Casey's Q1: Prepared Food Drives Growth as Fuel Margins Stay Volatile |
| LULU Lululemon Athletica Inc. | FY2026 Q2 · Calendar Q3 2026 | +63.1% | -17.4% | Lululemon lowers FY2026 outlook as North America weakens |
Latest beats and misses
Who reports nextBeat on EPS
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
Get the AS recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-19T19:16:12.720068+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-24T11:20:58.981136+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T11:20:58.978367+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-24. For educational purposes only; not investment advice.