Amer Sports (NYSE:AS) Posts Earnings Results, Beats Estimates By $0.04 EPS

Amer Sports (NYSE:AS) issued its quarterly earnings results on Tuesday. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04, Zacks reports. Amer Sports had a net margin of 6.51% and a return on equity of 9.89%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the firm earned $0.17 EPS. The firm’s quarterly revenue was up 28.5% on a year-over-year basis. Amer Sports updated its FY 2026 guidance to 1.100-1.150 EPS and its Q1 2026 guidance to 0.280-0.300 EPS.

Here are the key takeaways from Amer Sports’ conference call:

• FY2025 revenue grew 27% to $6.6B (Q4 +28%), led by breakout performance at Arc’teryx and Salomon (Salomon surpassed $2B), with double‑digit growth across segments, regions, and channels.
• Q4 adjusted operating margin declined 110 bps and Outdoor Performance margin contracted 490 bps as the company accelerated SG&A investments to scale Salomon, a reinvestment program management says will continue and weigh on near‑term margins.
• 2026 guidance targets reported group revenue growth of 16%–18% (includes ~200 bps FX benefit), group adjusted operating margin of 13.1%–13.3%, and adjusted diluted EPS of $1.10–$1.15; Q1 guide: revenue +22%–24% and adj. operating margin 14%–14.5%.
• Strong financial position — net debt of $291M (0.3x leverage), $730M operating cash flow in 2025, and an $80M note redemption — provides flexibility to fund store expansion, talent, and elevated CapEx (~$400M in 2026).
• Management is aggressively expanding retail (many new Salomon and Arc’teryx shops) and inventories rose 33% YoY, which they describe as deliberate to improve in‑stock and will normalize in H2 2026, but elevated inventory levels present execution risk if demand softens.

Amer Sports Price Performance

Amer Sports stock opened at $37.91 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.51 and a quick ratio of 0.70. Amer Sports has a one year low of $20.21 and a one year high of $42.76. The firm has a market capitalization of $21.00 billion, a P/E ratio of 50.55, a PEG ratio of 0.75 and a beta of 2.86. The business has a fifty day moving average price of $38.13 and a 200-day moving average price of $36.23.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new stake in shares of Amer Sports in the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its stake in Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after acquiring an additional 703 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Amer Sports by 241.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after acquiring an additional 848 shares during the period. Smartleaf Asset Management LLC lifted its stake in Amer Sports by 174.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock worth $63,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in Amer Sports in the 4th quarter worth approximately $84,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AS shares. Barclays initiated coverage on shares of Amer Sports in a research note on Tuesday, December 9th. They issued an “overweight” rating and a $49.00 target price on the stock. UBS Group upped their price objective on Amer Sports from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft set a $49.00 target price on Amer Sports in a research report on Thursday, January 8th. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a research note on Friday, February 20th. Finally, Zacks Research downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Amer Sports has an average rating of “Buy” and a consensus price target of $47.12.

Amer Sports Company Profile

Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).