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Dec 31, 2025
Under Armour Q3 2026 Earnings Report
Under Armour reported lower revenue and a net loss amid margin pressure and restructuring impacts.
Key Takeaways
Under Armour posted a revenue decline and operating loss in Q3 fiscal 2026, driven by tariff-related margin pressure, higher SG&A expenses, and restructuring charges, partially offset by international growth and adjusted profitability.
Revenue declined mid-single digits with weakness in North America.
Gross margin contracted significantly due to higher tariffs.
The company reported a sizable net loss driven by tax valuation allowance.
Adjusted results showed modest operating income and positive adjusted EPS.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Management updated fiscal 2026 guidance, expecting continued revenue pressure but improved adjusted profitability.
Positive Outlook
- Expected stabilization in North America performance.
- Continued growth in EMEA region.
- Lower marketing spend and restructuring savings.
- Improving adjusted operating income outlook.
- Progress in brand and product transformation.
Challenges Ahead
- Ongoing revenue decline expected for fiscal 2026.
- Gross margin pressure from tariffs and pricing headwinds.
- Continued operating losses on a GAAP basis.
- Macroeconomic and trade-related uncertainty.
- Restructuring and transformation costs continuing through fiscal year.
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
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