NIKE, Inc. earnings overview

NKE FY2026 Q4 · Calendar Q2 2026

NIKE, Inc.

Nike's Q4 was boosted by a one-time $986M tariff recovery that drove a large EPS beat, but the core business remains in transition. Performance categories delivered mid single-digit growth and market-share gains, while sportswear and Jordan streetwear saw double-digit sell-through declines. Management lowered FY27 revenue guidance to a low-to-mid single-digit decline, though gross margin expansion is expected. Shares rose 5% on the print.