Key Takeaways:
- Q1 revenue rose 32% to $1.95 billion.
- Arc’teryx, Salomon and Wilson fueled broad-based growth.
- Amer raised its full-year 2026 outlook.
Amer Sports, home to Arc’teryx, Salomon and other outdoor and sports brands, reported a strong start to 2026, beating Wall Street expectations for the first quarter and prompting the company to lift its full-year financial outlook.
The company reported first-quarter revenue of $1.95 billion, a 32% increase compared to the same period last year. On a constant-currency basis, revenue rose 26%. Adjusted diluted earnings per share came in at $0.38, topping analyst estimates of $0.31.
The company’s gross margin expanded 210 basis points to 59.9%.
“Our excellent momentum continued in the first quarter of 2026, as our unique portfolio of technical sports and outdoor brands are creating white space and taking share globally,” Amer Sports CEO James Zheng said in a statement.
Zheng noted that performance was balanced across geographies and segments, led by significant gains in Salomon footwear and softgoods, alongside robust direct-to-consumer comps at Arc’teryx.
Amer Sports Regional Performance
Amer Sports reported double-digit geographic expansion across all key operating regions during the first quarter:
- Greater China: Maintained its position as a primary volume driver for the company, posting a 45% year-over-year increase to $644.5 million.
- Americas: Rose 18% to $548.8 million.
- Asia-Pacific, (excluding China): Stood out as the fastest-growing market on a percentage basis, rising 52.6% to $239.4 million.
- Europe, Middle East and Africa (EMEA): Grew 26.6% to $512.8 million.
Segment Performance
Technical Apparel
The Technical Apparel segment, anchored by Arc’teryx, remained a primary growth engine for the group. Segment revenue increased 33% to $885 million (up 28% in constant currency).
Outdoor Performance
The Outdoor Performance division, which includes Salomon, Atomic, and Armada, grew 42% to $714 million (up 33% in constant currency). The segment achieved nearly 500 basis points of adjusted operating margin expansion. The results were driven by continued global demand for Salomon softgoods and lifestyle footwear.
Ball & Racquet Sports
The Ball & Racquet Sports segment, led by Wilson, reported a 13% increase in revenue to $347 million (up 10% in constant currency). Results were led primarily by the Wilson’s premium franchise execution, including its Wilson Tennis 360 initiatives.
Amer Sports Raises Full-Year Guidance
Based on the quarter’s outperformance, Amer Sports raised its full-year 2026 guidance. The company now expects full-year revenue to increase 20%-22%, with adjusted diluted earnings per share projected in the range of $1.18 to $1.23.
