Amer Sports, Inc. (NYSE: AS) will report its second-quarter financial results before the opening bell on Tuesday, August 18. Market expectations are skewed toward strong top-line growth, with consensus estimates pointing to quarterly revenue of $1.54 billion. This represents a substantial increase from the $1.24 billion recorded in the corresponding period last year.

Analysts also anticipate an improvement in profitability metrics, with earnings per share expected to reach 11 cents, compared to 6 cents in the prior-year quarter. These projections follow the company's first-quarter performance in May, where Amer Sports delivered better-than-expected results and subsequently raised its full-year FY26 guidance above analyst estimates.

Analyst Sentiment and Price Targets

Wall Street coverage remains predominantly bullish, with several major institutions raising their price targets in recent months. The following table outlines recent analyst actions:

JP Morgan analyst Matthew Boss maintained an Overweight rating while lifting the price target to $64 on August 4, 2026. Similarly, UBS analyst Jay Sole boosted his target to $62 in late May. Earlier in the year, Evercore ISI Group’s Michael Binetti increased his target to $51, reflecting confidence in the company's trajectory.

What the Numbers Show

The divergence between the consensus revenue estimate ($1.54 billion) and the prior-year actual ($1.24 billion) suggests analysts expect robust volume or pricing power in the upcoming quarter. Furthermore, the projected EPS growth from 6 cents to 11 cents indicates that operating leverage is anticipated to accelerate faster than top-line growth, assuming no significant one-time costs are disclosed in the filing.

Shares of Amer Sports traded lower ahead of the announcement, falling 0.8% to close at $32.87 on Friday. Investors will likely focus on whether the company can sustain the momentum seen in Q1 and validate the raised FY26 guidance through concrete Q2 execution.

Amer Sports reported annual revenue of $6.566 billion for 2025, representing a 26.7% increase year-on-year, driven by the expansion of the global outdoor sports market and consumer upgrades. The company's net profit attributable to shareholders surged 488.7% to $427 million, up from $73 million in 2024, with the net profit margin rising from 1.4% to 6.5%. This performance marked the company's first full fiscal year since its NYSE listing, maintaining a compound annual growth rate (CAGR) of approximately 23% since 2022.

Growth momentum strengthened throughout the year, with Q4 revenue reaching a record $2.101 billion. Q1 and Q3 revenues were $1.473 billion and $1.756 billion, respectively. Amer Sports' gross margin for 2025 reached 57.6%, an increase of 220 basis points from 2024. This expansion was primarily due to a higher proportion of revenue from high-margin regions such as Greater China and Asia-Pacific, an expanded Direct-to-Consumer (DTC) channel share, and an optimized product mix. Additionally, net finance costs fell sharply to $77 million following a 55.4% drop in interest expenses, bolstering profitability.

Segment Performance

All three core divisions achieved double-digit growth in 2025. The Technical Apparel segment, led by Arc'teryx, generated full-year revenue of $2.856 billion, up 30.1% year-on-year, and accounted for 43.5% of group revenue. The Outdoor Performance segment recorded revenue of $2.404 billion, up 31.0% year-on-year, with Salomon sales reaching $2 billion, a 35% increase. The Ball Sports segment also contributed to the overall growth.

Regional and Channel Expansion

Greater China and Asia-Pacific served as the primary growth engines. Greater China revenue reached $1.862 billion, up 43.4% year-on-year, while Asia-Pacific (excluding Greater China) revenue grew 50.7% to $773 million. In mature markets, the Americas region achieved $2.126 billion in revenue, up 14.3%, and EMEA reached $1.806 billion, up 19.3%.

DTC channels were a significant driver of growth. Technical Apparel DTC revenue reached $2.095 billion, up 35.0% year-on-year, while Outdoor Performance DTC revenue grew 62.2% year-on-year. The company added a net of 24 Arc'teryx stores globally, bringing the total to 246 by year-end, and added over 100 net new Salomon stores.

2026 Outlook

Looking ahead to 2026, Amer Sports plans to continue store expansion as a core growth lever. Arc'teryx intends to add 25–30 net new stores, focusing on China and North America. Salomon plans to open approximately 35 new stores in Greater China, and Wilson's "Tennis 360" store model is accelerating with about 30 new stores planned for the year. The company expects to benefit from industry tailwinds such as the rise of glamping, skiing, and trail driving.