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May 19, 2026
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Amer Sports (AS) Q1 2026 Earnings: Key Expectations Ahead of the Report

Amer Sports (AS) Q1 2026 Earnings: Key Expectations Ahead of the Report

Key Takeaways

  • Consensus estimates call for Q1 2026 revenue near $1.83 billion and EPS of $0.31.
  • Amer Sports guided for 22%–24% revenue growth and adjusted EPS of $0.28–$0.30.
  • Full-year 2026 outlook remains unchanged at 16%–18% revenue growth and EPS of $1.10–$1.15.
  • Investors are focused on outdoor and action sports brand performance amid favorable FX tailwinds.
  • Historical patterns show the stock often reacts to beats or misses on margin expansion.

Why This Earnings Report Matters

Amer Sports enters its first-quarter 2026 earnings report with strong momentum from fiscal 2025, when the company delivered double-digit revenue growth across its portfolio of outdoor and action sports brands. The upcoming results will provide early visibility into 2026 demand trends for key categories such as skis, apparel, and footwear. With the company having reaffirmed its full-year guidance in February, this report serves as a key checkpoint for investors assessing whether seasonal strength in the first quarter can sustain the projected 16%–18% annual revenue expansion.

What Analysts Are Expecting

Analyst consensus points to Q1 2026 revenue of approximately $1.83 billion, reflecting 22%–24% year-over-year growth including an estimated 500 basis point foreign-exchange benefit. Earnings per share are expected at $0.31. Amer Sports’ own guidance aligns closely, targeting revenue between $1.8 billion and $1.9 billion and adjusted diluted EPS of $0.28 to $0.30. The company also expects an operating margin of 14.0%–14.5% for the quarter. Key metrics under scrutiny include same-store sales trends for flagship brands Salomon and Arc’teryx, gross margin stability near 59%, and any commentary on inventory levels or wholesale channel momentum. Historically, Amer Sports has seen positive stock reactions when it exceeds revenue or margin targets, particularly when accompanied by constructive full-year updates. To get a broader view, I ran a quick scan with Tickeron’s AI Screener to see how the stock compares to others in the sector.

Market Reaction and Investor Sentiment

Heading into the May 19 report, investor sentiment appears cautiously optimistic. The stock has traded higher in the weeks leading up to earnings, supported by the company’s reaffirmed full-year outlook and positive analyst revisions. Key risk factors include potential softness in discretionary consumer spending and any unexpected margin pressure from input costs or promotional activity. A beat on revenue or EPS could reinforce bullish views, while any cautionary tone on second-half visibility might prompt short-term volatility.

Forward Outlook and Key Factors to Monitor

Following the Q1 report, investors will focus on management’s tone regarding the balance of 2026. The company has already guided for full-year revenue growth of 16%–18%, supported by roughly 200 basis points of foreign-exchange tailwinds, and expects adjusted EPS between $1.10 and $1.15.

Attention will turn to gross margin trends, currently targeted near 59%, and operating margin expansion to the 13.1%–13.3% range. Demand signals from the Outdoor Performance and Technical Apparel segments will be closely watched, especially any commentary on e-commerce versus wholesale channel mix.

Cost trends, including marketing investments and supply-chain efficiencies, could influence margin outlook. Broader industry dynamics, such as consumer appetite for premium outdoor gear and potential shifts in foreign-exchange rates, remain important variables. Upcoming catalysts include the second-quarter earnings release in August and any updates on new product launches or retail expansion plans.

How AI Tools Support My Analysis

In my research process, I often rely on Tickeron’s AI Screener to filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. This AI-powered stock and ETF discovery tool helps me scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. It allows me to identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. I find it particularly useful when evaluating companies like Amer Sports within the consumer discretionary sector.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations
Related Ticker: AS

Contributor

Financial writer and active order flow futures trader with a focus on fundamental analysis, macroeconomic factors, and equity research. I make in-depth blogs on stocks and ETFs, bridging the gap between raw market data and real-world trading decisions.


Aroon Indicator for AS shows an upward move is likely

AS's Aroon Indicator triggered a bullish signal on November 09, 2026. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 123 similar instances where the Aroon Indicator showed a similar pattern. In 98 of the 123 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 80%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2026. You may want to consider a long position or call options on AS as a result. In 40 of 52 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%.

The Moving Average Convergence Divergence (MACD) for AS just turned positive on October 29, 2026. Looking at past instances where AS's MACD turned positive, the stock continued to rise in 16 of 24 cases over the following month. The odds of a continued upward trend are 67%.

AS moved above its 50-day moving average on October 29, 2026 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for AS crossed bullishly above the 50-day moving average on October 21, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 5 of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 45%.

Following a +3.64% 3-day Advance, the price is estimated to grow further. Considering data from situations where AS advanced for three days, in 130 of 169 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.

Bearish Trend Analysis

The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 71%.

AS broke above its upper Bollinger Band on November 04, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is 50 (best 1 - 100 worst), indicating steady price growth. AS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of 68 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.667) is normal, around the industry mean (1.790). P/E Ratio (32.781) is within average values for comparable stocks, (1.566). Projected Growth (PEG Ratio) (0.451) is also within normal values, averaging (1.411). Dividend Yield (0.023) settles around the average of (0.029) among similar stocks. P/S Ratio (2.092) is also within normal values, averaging (4.604).

The Tickeron SMR rating for this company is 75 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is 92 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. AS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock worse than average.

Notable companies

The most notable companies in this group are YETI Holdings (NYSE:YETI), Peloton Interactive (NASDAQ:PTON).

Industry description

The Leisure and Recreation Products industry includes companies offering recreational goods/services such as video games, swimming pools, golf courses, boats, outdoor spaces etc. Since these are mainly geared towards consumers, strong employment conditions and healthy incomes generally augur well for the recreational products industry. Some of the largest market caps in this space belong to video game developers (e.g. Activision Blizzard, Electronic Arts and Take-two Interactive), and toy /board game makers (like Hasbro).

Market Cap

The average market capitalization across the Recreational Products Industry is 2.68B. The market cap for tickers in the group ranges from 932 to 30.64B. OLCLF holds the highest valuation in this group at 30.64B. The lowest valued company is CMOT at 932.

High and low price notable news

The average weekly price growth across all stocks in the Recreational Products Industry was 3%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 4%. FUN experienced the highest price growth at 39%, while NOMA experienced the biggest fall at -36%.

Volume

The average weekly volume growth across all stocks in the Recreational Products Industry was 21%. For the same stocks of the Industry, the average monthly volume growth was 40% and the average quarterly volume growth was -0%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 52
Price Growth Rating: 54
SMR Rating: 68
Profit Risk Rating: 86
Seasonality Score: 20 (-100 ... +100)
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General Information

Industry RecreationalProducts

Industry
N/A
Address
Siltasaarenkatu 8-10
Phone
+358 207122500
Employees
15400
Web
https://www.amersports.com
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