What were Amer Sports’ (NYSE:AS) total revenues for Q1 2026?

Amer Sports reported revenue of $1,945 million for Q1 2026, a 32% year-over-year increase, or 26% on a constant-currency basis, driven by strong consumer demand for premium outdoor and winter-sports products.

How did the Outdoor Performance segment perform in Q1 2026?

The Outdoor Performance segment generated $714 million in revenue, up 42% year-over-year (33% in constant currency), supported by increased sales of technical outerwear and winter-sports gear.

How did the Technical Apparel division perform in Q1 2026?

Technical Apparel, anchored by the Arc’teryx brand, posted $885 million in revenue, a 33% increase, with 19% comparable sales growth across its omni-channel retail network.

What happened to the Ball & Racquet Sports segment?

Revenue for Ball & Racquet Sports rose 13% to $347 million, but segment margins contracted by 370 basis points to 3.6%, reflecting higher costs or pricing pressures.

How did Amer Sports’ profitability metrics change in Q1 2026?

Gross margin widened 210 basis points to 59.9%, adjusted gross margin increased 200 basis points to 60%, operating profit jumped 50% to $321 million, and adjusted operating margin reached 17.4%.

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Amer Sports revenue surges 32% on strong outdoor, apparel demand

Written by Jon CuthbertPublished May. 19 2026Last Updated May. 19 2026

Amer Sports (NYSE:AS) reported a 32% surge in first-quarter revenue, comfortably outpacing expectations as consumer demand accelerated for its premium technical outerwear and winter-sports gear.

The Helsinki-founded company, parent to brands including Arc’teryx, Salomon, and Wilson, generated $1,945 million in revenue for the three months ended March 31, 2026.

On a constant-currency basis, revenue increased 26% year-over-year.

The growth was led by the company's Outdoor Performance segment, which expanded 42% to $714 million, or 33% in constant currency.

The Technical Apparel division, anchored by the Arc’teryx brand, posted a 33% increase to $885 million, supported by an omni-channel comparable sales growth rate of 19%.

Revenue from the Ball & Racquet Sports segment rose 13% to $347 million.

Profitability indicators also strengthened.

Amer Sports' gross margin widened by 210 basis points to 59.9%, while its adjusted gross margin climbed 200 basis points to 60%.

Operating profit jumped 50% to $321 million, raising the company's operating margin by 200 basis points to 16.5%.

On an adjusted basis, operating margin hit 17.4%.

Segment margins diverged, however, as Technical Apparel rose to 26.4% and Outdoor Performance grew to 20.4%, while Ball & Racquet Sports margins contracted 370 basis points to 3.6%.

Selling, general, and administrative (SG&A) expenses increased 33% to $856 million, while adjusted SG&A rose 34% to $841 million to support broader retail operations.

Net income attributable to equity holders advanced 22% to $165 million, translating to diluted earnings per share of $0.29.

Adjusted net income spiked 47% to $218 million, yielding adjusted diluted earnings per share of $0.38, compared to consensus estimates of $0.31 per share.

Meanwhile, Amer Sports closed the first quarter with an inventory position of $1,688 million, representing a 33% increase year-over-year.

The company's cash and cash equivalents stood at $684 million, with a net cash position of $539 million at the end of the quarter.