Analyst Consensus ?
ConsensusHold55 ratings
Bullish2647.3%
Neutral2341.8%
Bearish610.9%
1 unmapped firm rating excluded from the percentages.
Deckers Outdoor Corporation · DECK · FY2026 Q2 · Calendar Q4 2025
Deckers: International Growth Holds, HOKA Guidance Moves Lower
The quarter supports a constructive demand case through international growth, product momentum, and brand investment, but the evidence is mixed: lower HOKA guidance, tariff exposure, softer U.S. demand, and UGG DTC weakness temper confidence in durable earnings growth.
Reported After market closeNYSEConsumer Cyclical
$10.92B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.82
Consensus $1.58
EPS surprise
+15.2%
Reported versus consensus
Reported revenue
$1.43B
Consensus $1.42B
Revenue surprise
+0.8%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-15.2%
Event window
SPY move
+0.8%
Same window
Abnormal move
-16.0%
Stock minus SPY
Volume
6.2×
Versus trailing sessions
Subsequent drift
-2.1%
Up to 20 sessions
DECKSPY benchmark
Ask FN2 about DECK FY2026 Q2
Transcript, numbers and history already loaded
Why did DECK fall 15.2% after beating EPS estimates in FY2026 Q2?What changed in DECK's guidance and outlook in FY2026 Q2?Give me the bull and bear case for DECK after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis shows a strong Q2 FY2026 with 9% revenue growth and 14% EPS growth, but also a lower HOKA growth outlook and quantified tariff mitigation efforts. International markets remained the primary growth engine, while the company continued to work toward a 50/50 wholesale-DTC mix.
Guidance delta
FY2026 outlook was reaffirmed, while HOKA growth guidance was lowered from mid-teens to low teens; management cited tariff and consumer considerations.
Key takeaways
- Q2 FY2026 revenue rose 9% and EPS rose 14%, according to the supplied analysis.
- HOKA and UGG growth was strongest in international markets, while wholesale continued to outpace DTC.
- Tariffs, a cautious U.S. consumer, and UGG's DTC decline remain key execution and margin questions.
- Management is pursuing a longer-term 50/50 wholesale-DTC channel mix.
Management priorities
- Advance HOKA and UGG product launches and franchise updates.
- Expand international retail, DTC loyalty, and omnichannel initiatives.
- Use pricing, factory cost-sharing, marketing, and brand partnerships to support growth and mitigate costs.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$80.21Previous close
$70Low
$163.45Average
$480High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 6, 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 |
|---|---|---|---|---|
| Truist Securities | Buy | Buy | Maintain | Jul 24, 2026 |
| Telsey Advisory Group | Market Perform | Market Perform | Maintain | Jul 24, 2026 |
| Stifel | Buy | Buy | Maintain | Jul 24, 2026 |
| Needham | Buy | Buy | Maintain | Jul 24, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 24, 2026 |
| Baird | Neutral | Neutral | Maintain | Jul 24, 2026 |
| Jefferies | Buy | Hold | Upgrade | Jul 13, 2026 |
| UBS | Buy | Buy | Maintain | May 22, 2026 |
| KGI Securities | Neutral | Outperform | Downgrade | May 22, 2026 |
| Piper Sandler | Neutral | Underweight | Upgrade | May 18, 2026 |
| Wells Fargo | Underweight | Equal Weight | Downgrade | May 8, 2026 |
| Bernstein | Market Perform | Underperform | Upgrade | May 6, 2026 |
| Argus Research | Buy | Hold | Upgrade | Feb 20, 2026 |
| Goldman Sachs | Sell | Sell | Maintain | Jan 30, 2026 |
| Citigroup | Buy | Buy | Maintain | Jan 15, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 24, 2025 |
| Evercore ISI Group | In Line | In Line | Maintain | Oct 17, 2025 |
| BWG Global | Positive | Mixed | Upgrade | Oct 14, 2025 |
| B of A Securities | Neutral | Neutral | Maintain | Sep 25, 2025 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Jul 25, 2025 |
| Keybanc | Overweight | Downgrade | May 23, 2025 | |
| TD Securities | Buy | Buy | Maintain | May 20, 2025 |
| Guggenheim | Neutral | Neutral | Maintain | Jan 31, 2025 |
| BTIG | Neutral | Buy | Downgrade | Oct 22, 2024 |
| Seaport Global | Neutral | Buy | Downgrade | Oct 7, 2024 |
| Wedbush | Outperform | Outperform | Maintain | Jul 26, 2024 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 3, 2023 |
| Susquehanna | Positive | Positive | Maintain | Apr 6, 2020 |
| Stifel Nicolaus | Buy | Buy | Maintain | Jan 31, 2020 |
| CFRA | Buy | Buy | Maintain | Jan 31, 2020 |
| Pivotal Research | Buy | Hold | Upgrade | Aug 19, 2019 |
| Canaccord Genuity | Buy | Buy | Maintain | May 24, 2019 |
| Bank of America | Buy | Neutral | Upgrade | May 21, 2019 |
| Buckingham Research | Neutral | Neutral | Maintain | Oct 26, 2018 |
| Buckingham | Neutral | Neutral | Maintain | Oct 26, 2018 |
| PiperJaffray | Neutral | Neutral | Maintain | Jul 27, 2018 |
| B. Riley FBR | Buy | Buy | Maintain | May 5, 2018 |
| Tigress Financial | Neutral | Buy | Downgrade | Apr 18, 2018 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Oct 31, 2017 |
| Standpoint Research | Hold | Buy | Downgrade | Aug 2, 2016 |
| Credit Suisse | Neutral | Neutral | Maintain | May 27, 2016 |
| Brean Capital | Buy | Buy | Maintain | May 27, 2016 |
| BB&T Capital | Underweight | Hold | Downgrade | May 13, 2016 |
| Nomura | Neutral | Neutral | Maintain | May 2, 2016 |
| Sterne Agee CRT | Underperform | Neutral | Downgrade | Feb 5, 2016 |
| Sterne Agee | Underperform | Neutral | Downgrade | Feb 5, 2016 |
| Macquarie | Neutral | Neutral | Maintain | Feb 5, 2016 |
| B. Riley Securities | Neutral | Neutral | Maintain | Feb 5, 2016 |
| Wunderlich | Buy | Buy | Maintain | Jan 30, 2015 |
| Wunderlich Securities | Buy | Buy | Maintain | Jan 29, 2015 |
| Janney Capital | Buy | Buy | Maintain | Dec 12, 2012 |
| RBC Capital | Sector Perform | Outperform | Downgrade | Oct 26, 2012 |
| ISI Group | Buy | Buy | Maintain | Jul 27, 2012 |
| Lazard | Neutral | Buy | Downgrade | Jul 25, 2012 |
| Longbow Research | Neutral | Buy | Downgrade | Jul 6, 2012 |
| Ladenburg Thalmann | Sell | Buy | Downgrade | Apr 30, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $80.21. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| BMO Capital | Analyst unavailable | $70 | $82.6 | -12.7% | Sep 8, 2026 |
| Needham | Tom Nikic | $125 | $96.23 | +55.8% | Jul 24, 2026 |
| Stifel Nicolaus | Analyst unavailable | $133 | $96.23 | +65.8% | Jul 24, 2026 |
| Robert W. Baird | Analyst unavailable | $115 | $96.23 | +43.4% | Jul 24, 2026 |
| Wells Fargo | Ike Boruchow | $85 | $96.23 | +6.0% | Jul 24, 2026 |
| Barclays | Analyst unavailable | $133 | $96.23 | +65.8% | Jul 24, 2026 |
| Jefferies | Analyst unavailable | $130 | $105.99 | +62.1% | Jul 13, 2026 |
| Argus Research | Analyst unavailable | $128 | $114.35 | +59.6% | May 29, 2026 |
| Stifel Nicolaus | Peter McGoldrick | $144 | $114.31 | +79.5% | May 29, 2026 |
| Barclays | Adrienne Yih | $141 | $106.67 | +75.8% | May 26, 2026 |
| Telsey Advisory | Analyst unavailable | $113 | $103.01 | +40.9% | May 22, 2026 |
| Bernstein | Aneesha Sherman | $105 | $102.86 | +30.9% | May 22, 2026 |
| Truist Financial | Joseph Civello | $125 | $102.62 | +55.8% | May 22, 2026 |
| KGI Securities | Analyst unavailable | $117 | $102.62 | +45.9% | May 22, 2026 |
| Piper Sandler | Analyst unavailable | $100 | $93.56 | +24.7% | May 18, 2026 |
| UBS | Jay Sole | $145 | $93.93 | +80.8% | May 14, 2026 |
| Wells Fargo | Ike Boruchow | $90 | $102.72 | +12.2% | May 8, 2026 |
| Raymond James | Rick Patel | $133 | $107.69 | +65.8% | Apr 23, 2026 |
| Wells Fargo | Ike Boruchow | $115 | $107.81 | +43.4% | Apr 15, 2026 |
| Truist Financial | Analyst unavailable | $132 | $114.52 | +64.6% | Jan 30, 2026 |
| Needham | Analyst unavailable | $138 | $115.15 | +72.0% | Jan 30, 2026 |
| UBS | Analyst unavailable | $161 | $114.87 | +100.7% | Jan 30, 2026 |
| Stifel Nicolaus | Peter McGoldrick | $140 | $99.9 | +74.5% | Jan 30, 2026 |
| Bernstein | Analyst unavailable | $90 | $99.9 | +12.2% | Jan 30, 2026 |
| Goldman Sachs | Analyst unavailable | $92 | $99.9 | +14.7% | Jan 30, 2026 |
| Piper Sandler | Analyst unavailable | $95 | $99.9 | +18.4% | Jan 30, 2026 |
| Wells Fargo | Ike Boruchow | $110 | $99.9 | +37.1% | Jan 30, 2026 |
| Barclays | Analyst unavailable | $143 | $99.9 | +78.3% | Jan 30, 2026 |
| Evercore ISI | Jesalyn Wong | $108 | $99.9 | +34.6% | Jan 30, 2026 |
| KGI Securities | Analyst unavailable | $129 | $99.9 | +60.8% | Jan 30, 2026 |
| Truist Financial | Joseph Civello | $115 | $100.46 | +43.4% | Jan 14, 2026 |
| Jefferies | Analyst unavailable | $102 | $101.71 | +27.2% | Jan 14, 2026 |
| Piper Sandler | Anna Andreeva | $85 | $107.46 | +6.0% | Jan 7, 2026 |
| Barclays | Analyst unavailable | $113 | $89.4 | +40.9% | Oct 27, 2025 |
| Telsey Advisory | Dana Telsey | $105 | $89.8 | +30.9% | Oct 24, 2025 |
| Truist Financial | Analyst unavailable | $105 | $87.94 | +30.9% | Oct 24, 2025 |
| Stifel Nicolaus | Analyst unavailable | $117 | $102.54 | +45.9% | Oct 24, 2025 |
| Raymond James | Rick Patel | $115 | $87.94 | +43.4% | Oct 24, 2025 |
| Robert W. Baird | Analyst unavailable | $125 | $102.54 | +55.8% | Oct 24, 2025 |
| Needham | Tom Nikic | $113 | $87.94 | +40.9% | Oct 24, 2025 |
| Jefferies | Analyst unavailable | $107 | $103.7 | +33.4% | Oct 23, 2025 |
| Stifel Nicolaus | Peter McGoldrick | $127 | $100.19 | +58.3% | Oct 21, 2025 |
| UBS | Analyst unavailable | $157 | $97.98 | +95.7% | Oct 8, 2025 |
| Bernstein | Analyst unavailable | $100 | $118.68 | +24.7% | Sep 17, 2025 |
| Evercore ISI | Jesalyn Wong | $115 | $116.85 | +43.4% | Jul 25, 2025 |
| Evercore ISI | JESALYN Wong | $110 | $101.1 | +37.1% | May 23, 2025 |
| UBS | Jay Sole | $169 | $101.05 | +110.7% | May 23, 2025 |
| Needham | Tom Nikic | $150 | $123.36 | +87.0% | May 21, 2025 |
| UBS | Jay Sole | $267 | $207.5 | +232.9% | Jan 10, 2025 |
| Needham | Tom Nikic | $226 | $202.06 | +181.8% | Dec 5, 2024 |
| Piper Sandler | Anna Andreeva | $166 | $161.16 | +107.0% | Oct 17, 2024 |
| Evercore ISI | Jesalyn Wong | $185 | $161.85 | +130.6% | Oct 15, 2024 |
| Bank of America Securities | Chris Nardone | $170 | $157.54 | +111.9% | Sep 18, 2024 |
| Williams Trading | Sam Poser | $189 | $153.25 | +135.6% | Sep 17, 2024 |
| Piper Sandler | Anna Andreeva | $167 | $159.47 | +108.2% | Aug 22, 2024 |
| Robert W. Baird | Jonathan Komp | $179.53 | $152.22 | +123.8% | Jul 26, 2024 |
| UBS | Jay Sole | $225.45 | $140.53 | +181.1% | Jul 26, 2024 |
| Barclays | Adrienne Yih | $182.03 | $140.53 | +126.9% | Jul 26, 2024 |
| Seaport Global | Mitch Kummetz | $187.88 | $164.33 | +134.2% | Jun 25, 2024 |
| BTIG | Janine Stichter | $200.4 | $163.34 | +149.8% | Jun 25, 2024 |
| Truist Financial | Joseph Civello | $200.4 | $172.49 | +149.8% | May 28, 2024 |
| Wedbush | Tom Nikic | $172.01 | $151.08 | +114.4% | May 24, 2024 |
| Robert W. Baird | Jonathan Komp | $175.35 | $171.14 | +118.6% | May 24, 2024 |
| Wells Fargo | Ike Boruchow | $167 | $151.08 | +108.2% | May 24, 2024 |
| Seaport Global | Mitch Kummetz | $175.35 | $151.08 | +118.6% | May 24, 2024 |
| BTIG | Janine Stichter | $187.04 | $151.08 | +133.2% | May 24, 2024 |
| Barclays | Adrienne Yih | $181.86 | $151.08 | +126.7% | May 24, 2024 |
| Evercore ISI | Jesalyn Wong | $185.37 | $151.08 | +131.1% | May 24, 2024 |
| UBS | Jay Sole | $211.26 | $151.08 | +163.4% | May 24, 2024 |
| KeyBanc | Ashley Owens | $169.51 | $170.96 | +111.3% | May 24, 2024 |
| Telsey Advisory | Dana Telsey | $164.5 | $151.06 | +105.1% | May 20, 2024 |
| BTIG | Janine Stichter | $170.34 | $148.39 | +112.4% | May 20, 2024 |
| Williams Trading | Sam Poser | $168.67 | $147.37 | +110.3% | May 14, 2024 |
| Truist Financial | Joseph Civello | $144.29 | $134.74 | +79.9% | Apr 10, 2024 |
| Piper Sandler | Abbie Zvejnieks | $145.29 | $148.44 | +81.1% | Apr 9, 2024 |
| Barclays | Adrienne Yih | $185.37 | $157.19 | +131.1% | Apr 1, 2024 |
| BTIG | Janine Stichter | $515 | $416.22 | +542.1% | Feb 6, 2023 |
| Cowen & Co. | Analyst unavailable | $480 | $421.11 | +498.4% | Feb 3, 2023 |
| Telsey Advisory | Analyst unavailable | $485 | $421.33 | +504.7% | Feb 3, 2023 |
| Wells Fargo | Analyst unavailable | $360 | $395.08 | +348.8% | Jan 6, 2023 |
| Piper Sandler | Analyst unavailable | $470 | $389.94 | +486.0% | Jan 5, 2023 |
| Stifel Nicolaus | Jim Duffy | $416 | $346.24 | +418.6% | Nov 7, 2022 |
| Wedbush | Tom Nikic | $65.13 | $61.23 | -18.8% | Oct 4, 2021 |
| UBS | Jay Sole | $540 | $430.17 | +573.2% | Aug 12, 2021 |
| Bank of America Securities | Rafe Jadrosich | $425 | $335.76 | +429.9% | May 21, 2021 |
Track every rating change on DECK the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationDeckers Outdoor Corporation, operating with its subsidiaries, is a global enterprise dedicated to the creation, promotion, and distribution of footwear, apparel, and accessories. Its product lines serve both casual everyday needs and specialized high-performance activities. The company manages a portfolio of prominent brands: Under the UGG label, it offers premium footwear, clothing, and related items. Teva is known for its range of sandals, shoes, and boots. Sanuk provides comfortable, relaxed casual shoes and sandals. For the athletic segment, particularly ultra-runners and other athletes, Hoka supplies specialized footwear and apparel. Lastly, Koolaburra features fashionable casual footwear, often incorporating plush materials.…
Historical context
All DECK earningsConsumer Cyclical peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| NKE NIKE, Inc. | FY2027 Q1 · Calendar Q4 2026 | +10.0% | -0.7% | Nike’s performance categories grow as resets weigh on FY27 outlook |
| CCL Carnival Corporation & plc | FY2026 Q3 · Calendar Q3 2026 | +5.9% | +13.4% | Carnival posts record Q3 as demand and efficiency offset fuel costs |
| DRI Darden Restaurants, Inc. | FY2027 Q1 · Calendar Q3 2026 | 0.0% | -3.0% | Darden reaffirms FY2027 outlook as brands deliver mixed comp growth |
| 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 |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the DECK 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 · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-06T09:50:42.627885+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T09:50:42.624717+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 2026-10-06. For educational purposes only; not investment advice.