Amer Sports, Inc. (AS) SEC Filings & Earnings Calls
EquiReason read 18 Amer Sports, Inc. SEC filings in the last 12 months. Latest: 6-K on 2026-10-16 — Director resignation and appointment; board committee change. Routine governance update with no disagreement or operational impact..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 15.7B
- P/E TTM
- 29.7
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 17 Nov, in 24 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
16 Oct 20266-KDirector resignation and appointment; board committee change. Routine governance update with no disagreement or operational impact.open
Risks flagged
No material risks identified; routine governance change.
“Resignation not due to any disagreement; no operational or accounting issues.”
16 Sep 20266-KAmer Sports raises Q3 2026 revenue growth guidance to 20-22% from 18-20% and expects adjusted operating margin slightly above 13.5-14% high-end; reiterates long-term algorithm.open
Figures in the filing · each found in the filing text
| Revenue growth · Q3-2026 | 22.0% | |
| Adjusted operating margin · Q3-2026 | 14.0% | |
| Revenue · FY2025 | $6.60B |
Guidance
Q3 2026 revenue growth raised to 20-22% from 18-20%; adjusted operating margin expected slightly above 13.5-14% high-end; long-term algorithm: revenue CAGR low-double digits to mid-teens, annual adjusted operating margin expansion 30-70+ bps.
Amer Sports raised Q3 2026 revenue guidance and expects margin above prior range, while reiterating long-term algorithm.
Risks flagged
Challenging marketplace conditions could pressure future performance.
“CEO James Zheng referenced 'a challenging marketplace'.”
24 Aug 2026SC 13D/ATencent Holdings filed an amended Schedule 13D disclosing the sale of its entire stake in Amer Sports, Inc., reducing beneficial ownership to 2.7%.open
Risks flagged
Large shareholder exit risk
“Tencent sold its entire stake in Amer Sports, reducing ownership to 2.7%.”
24 Aug 2026SC 13D/ATencent Holdings filed an amended Schedule 13D disclosing the sale of its entire stake in Amer Sports, Inc., reducing beneficial ownership to 2.7%.open
Risks flagged
Large shareholder exit risk
“Tencent sold its entire stake in Amer Sports, reducing ownership to 2.7%.”
18 Aug 20266-KRaised FY2026 revenue growth to ~24%, gross margin 60.5-61.0%, operating margin 14.2-14.5%, EPS $1.27-$1.30; Q2 revenue +32% YoY, adj. operating margin +730bps to 12.8%.open
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $1.63B | +32% y/y |
| Technical Apparel revenue · Technical Apparel · Q2-2026 | $674M | +32% y/y |
| Outdoor Performance revenue · Outdoor Performance · Q2-2026 | $569M | +37% y/y |
| Ball & Racquet Sports revenue · Ball & Racquet Sports · Q2-2026 | $390M | +24% y/y |
| Gross margin · Q2-2026 | 65.6% | |
| Adjusted gross margin · Q2-2026 | 65.8% | |
| Operating profit · Q2-2026 | $192M | +339% y/y |
| Adjusted operating profit · Q2-2026 | $208M | +209% y/y |
| Operating margin · Q2-2026 | 11.7% | |
| Adjusted operating margin · Q2-2026 | 12.8% |
Guidance
FY2026: revenue growth ~24%, gross margin 60.5-61.0%, operating margin 14.2-14.5%, EPS $1.27-$1.30; Q3: revenue growth 18-20%, gross margin ~59.0%, operating margin 13.5-14.0%, EPS $0.31-$0.33.
Raised full-year guidance across revenue, margin, and EPS; strong Q2 beat; management expresses high confidence in momentum.
Risks flagged
Tariff refunds contributed significantly to margin expansion; sustainability uncertain if tariff policy changes.
“Gross margin included 390bps benefit from net tariff refunds; operating margin included 390bps benefit.”
Inventories increased 19% YoY, which could signal potential overstock if demand slows.
“Year-over-year inventories increased 19% to $1,897 million.” · word for word
19 May 20266-KAmer Sports reports strong Q1 2026: revenue +32% to $1,945M, adj. operating margin +160bps to 17.4%, EPS beat; raises full-year revenue, margin, and EPS guidance.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $1.95B | +32% y/y |
| Gross Margin · Q1-2026 | 59.9% | |
| Adjusted Operating Margin · Q1-2026 | 17.4% | |
| Technical Apparel Revenue · Technical Apparel · Q1-2026 | $885M | +33% y/y |
| Outdoor Performance Revenue · Outdoor Performance · Q1-2026 | $714M | +42% y/y |
| Ball & Racquet Sports Revenue · Ball & Racquet Sports · Q1-2026 | $347M | +13% y/y |
| Adjusted Net Income · Q1-2026 | $218M | +47% y/y |
| Adjusted Diluted EPS · Q1-2026 | $0.38 | |
| Technical Apparel Operating Margin · Technical Apparel · Q1-2026 | 26.4% | |
| Outdoor Performance Operating Margin · Outdoor Performance · Q1-2026 | 20.4% |
Guidance
Full-year 2026: revenue growth 20-22%, gross margin 59.0-59.5%, EPS $1.18-1.23
Raised full-year guidance across revenue, margin, and EPS; strong Q1 momentum expected to continue.
Risks flagged
Tariff exposure: guidance assumes higher IEEPA tariff rates remain in place; could impact margins if tariffs increase further.
“Guidance assumes that the higher IEEPA tariff rates that were in place before the February Supreme Court ruling are in place for all of 2Q, and the remainder of 2026.” · word for word
Inventory growth of 33% YoY may indicate potential overstock if demand slows.
“Year-over-year inventories increased 33% to $1,688 million” · word for word
4 Mar 20266-KAmer Sports completed a public offering of 23,695,055 ordinary shares, with proceeds used to redeem $720M senior secured notes.open
Figures in the filing · each found in the filing text
| aggregate principal amount of notes redeemed · Q1-2026 | $720M |
Risks flagged
Dilution from equity offering may pressure existing shareholders
“Issuance of 23.7M new ordinary shares”
26 Feb 202620-FAmer Sports filed its annual report, highlighting strategic progress in DTC channel shift and softgoods expansion, but no financial results or guidance were provided in the extracted text.earningsopen
Figures in the filing · each found in the filing text
| Arc'teryx stores in Greater China · Technical Apparel · 2025-12-31 | 79 | |
| Arc'teryx stores in North America · Technical Apparel · 2025-12-31 | 73 | |
| Salomon DTC as % of brand revenue · Outdoor Performance · FY2025 | 41.0% | |
| Wilson softgoods as % of total sales · Ball & Racquet Sports · FY2025 | 15.0% | |
| Arc'teryx sales per square foot · Technical Apparel · FY2025 | $1800.00 | |
| Wilson new product % of revenue · Ball & Racquet Sports · FY2025 | 25.0% | |
| Total Debt · 2025-12-31 | $943M |
Risks flagged
High leverage
“As of December 31, 2025, we had $942.8 million aggregate principal amount of outstanding indebtedness.” · word for word
Supply chain concentration
“approximately 86% of our products were sourced from a network of third-party strategic suppliers, with approximately 68% of such products sourced from Asia Pacific, approximately 28% from Greater China” · word for word
Sole source supplier risk
“rely on a small number of sole source suppliers, such as for Gore-Tex, which is used in our Arc'teryx, Salomon, Peak Performance and Atomic products.” · word for word
24 Feb 20266-KAmer Sports reports Q4 2025 revenue of $2,101M (+28% YoY), above guidance; adjusted EPS $0.31 vs prior year $0.16. FY25 revenue $6,566M (+27%), operating margin +170bps to 12.8%. Provides 2026 outlook with continued momentum.open
Figures in the filing · each found in the filing text
| Revenue · Q4-2025 | $2.10B | +28% y/y |
| Gross margin · Q4-2025 | 57.7% | |
| Adjusted diluted EPS · Q4-2025 | $0.31 | +94% y/y |
| Technical Apparel revenue · Technical Apparel · Q4-2025 | $1.00B | +34% y/y |
| Outdoor Performance revenue · Outdoor Performance · Q4-2025 | $764M | +29% y/y |
| Ball & Racquet Sports revenue · Ball & Racquet Sports · Q4-2025 | $337M | +14% y/y |
| Adjusted operating margin · Q4-2025 | 12.5% | |
| Adjusted net income · Q4-2025 | $176M | +94% y/y |
| Full year revenue · FY2025 | $6.57B | +27% y/y |
| Full year adjusted diluted EPS · FY2025 | $0.97 | +131% y/y |
Guidance
Strong momentum continues into 1Q26; 2026 outlook provided
Management raised guidance implicitly by noting strong momentum and providing a positive 2026 outlook.
Risks flagged
Inventory buildup may signal future discounting or demand normalization.
“Year-over-year inventories increased 33% to $1,622 million.” · word for word
SG&A investment pressure on operating margins, especially in Outdoor Performance.
“SG&A expenses increased 35%; Outdoor Performance adjusted operating margin decreased 490 bps.”
27 Jan 20266-KAmer Sports announces redemption of $80M of 6.750% Senior Secured Notes due 2031 and sets earnings date for Q4/FY2025 results on Feb 24, 2026. No financial results or guidance provided.open
Figures in the filing · each found in the filing text
| Aggregate principal amount of notes redeemed · Q1-2026 | $80M |
18 Nov 20256-KAmer Sports reports strong Q3 2025 results with revenue up 30%, raises full-year revenue, margin, and EPS guidance. All segments beat expectations, driven by Salomon footwear and Arc'teryx reacceleration.open
Figures in the filing · each found in the filing text
| Revenue · Q3-2025 | $1.76B | +30% y/y |
| Adjusted gross margin · Q3-2025 | 57.9% | |
| Adjusted operating margin · Q3-2025 | 15.7% | |
| Adjusted diluted EPS · Q3-2025 | $0.33 | |
| Technical Apparel revenue · Technical Apparel · Q3-2025 | $683M | +31% y/y |
| Outdoor Performance revenue · Outdoor Performance · Q3-2025 | $724M | +36% y/y |
| Ball & Racquet Sports revenue · Ball & Racquet Sports · Q3-2025 | $350M | +16% y/y |
| Technical Apparel adjusted operating margin · Technical Apparel · Q3-2025 | 19.0% | |
| Outdoor Performance adjusted operating margin · Outdoor Performance · Q3-2025 | 21.7% | |
| Ball & Racquet Sports adjusted operating margin · Ball & Racquet Sports · Q3-2025 | 7.6% |
Guidance
Revenue growth 23-24%, gross margin ~58%, operating margin 12.5-12.7%, EPS $0.88-0.92
Full-year guidance raised across revenue, margin, and EPS; strong Q3 beat and momentum.
Amer Sports, Inc. — questions
- What did Amer Sports, Inc. file recently?
- 18 SEC filings in the last 12 months. Latest: 6-K on 2026-10-16 — Director resignation and appointment; board committee change. Routine governance update with no disagreement or operational impact.
Every figure on this page comes from Amer Sports, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.