Loading...
•
Nov 30, 2025
Nike Q2 2026 Earnings Report
Nike reported modest top-line growth in Q2 2026 despite continued pressure on margins and profitability.
Key Takeaways
Nike delivered $12.4B in revenue and $0.8B in net income for Q2 2026. EPS came in at $0.53 as the company faced declining Direct and Converse sales, while Wholesale showed resilience. Operating income and margins were lower versus last year due to cost pressures and business repositioning.
Revenue reached $12.4B, up slightly from the prior year
Net income declined 32% to $792M amid margin contraction
Converse revenue dropped sharply by 30% YoY
NIKE Direct revenue fell 8% due to digital and retail declines
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Nike is continuing its repositioning strategy, focusing on recovery and long-term brand health despite a tough environment.
Positive Outlook
- Strength in North America Wholesale business
- Ongoing cost discipline in operating overhead
- Improved inventory management
- Real-time decisions to support brand health
- Commitment to innovation and marketplace elevation
Challenges Ahead
- Weak performance in Greater China
- Decline in NIKE Direct revenues
- Converse revenue down significantly
- Gross margin under pressure from tariffs
- Higher demand creation expenses impacting profitability
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...