Amer Sports lifts Q3 2026 outlook to 20–22% growth
Amer Sports raises its Q3 2026 outlook and sets multi-year revenue and margin expansion targets across all segments.
Rhea-AI Filing Summary
Amer Sports, Inc. (AS) updated its long-term financial framework and raised guidance for the third quarter of 2026. The company now targets for Amer Sports Group an annual revenue CAGR in the low-double digits to mid-teens and annual adjusted operating margin expansion of 30–70+ basis points over at least five years, assuming 2026 as the base year. Segment targets call for mid-teens annual revenue growth in Technical Apparel and Outdoor Performance and mid‑to‑high single-digit growth in Ball & Racquet, each with 20–60+ basis points of adjusted operating margin expansion. For third quarter 2026, Amer Sports expects year-over-year revenue growth of 20–22%, above its prior 18–20% range, and adjusted operating margin slightly above the high end of its prior 13.5–14% range. Amer Sports generated $6.6 billion of revenue in 2025 and continues to present guidance primarily on a non‑IFRS basis.
Positive
- Q3 2026 revenue growth guidance raised to 20–22%, up from 18–20%, signaling stronger-than-expected near-term demand.
- Amer Sports targets low-double digits to mid-teens annual revenue CAGR and 30–70+ bps adjusted operating margin expansion over 5+ years for the group.
- Both Technical Apparel and Outdoor Performance segments are guided to mid-teens annual revenue growth with ongoing adjusted margin expansion.
Negative
- None.
Filing Explained
The September 16 Form 6-K leaves Amer Sports’ updated outlook in a preliminary, forward-looking state: except for revenue, the measures are non-IFRS, and the company provides no IFRS reconciliation because the required items cannot be forecast without unreasonable effort; actual results may differ materially.
Key Figures
Q3 2026 revenue growth guidance: 20–22% year-over-year
Q3 2026 adjusted operating margin range reference: Slightly above 14%
Amer Sports Group revenue CAGR target: Low-double digits to mid-teens annually
+5 more
8 metrics
Q3 2026 revenue growth guidance
20–22% year-over-year
Updated outlook for third quarter 2026, raised from 18–20%
Q3 2026 adjusted operating margin range reference
Slightly above 14%
Expected to be slightly above the high end of prior 13.5–14% guidance
Amer Sports Group revenue CAGR target
Low-double digits to mid-teens annually
Long-term financial algorithm over 5+ years from 2026 base
Amer Sports Group adjusted operating margin expansion
30–70+ basis points per year
Long-term financial algorithm over 5+ years
Technical Apparel revenue CAGR
Mid-teens annually
Segment long-term target
Outdoor Performance revenue CAGR
Mid-teens annually
Segment long-term target
Ball & Racquet revenue CAGR
Mid-to-high single digits annually
Segment long-term target
2025 revenue
$6.6 billion
Total revenue generated in 2025
Key Terms
adjusted operating margin, adjusted EBITDA, non-IFRS measures, omni-comp, +1 more
5 terms
adjusted operating margin financial
"Amer Sports now expects ... adjusted operating margin to be slightly above the high-end"
Adjusted operating margin shows how much profit a company makes from its core business activities, after removing unusual or one-time costs and income. It helps investors see the company's true profitability by providing a clearer picture, similar to removing unexpected expenses to understand the regular performance. This metric is useful for comparing companies or tracking performance over time, as it highlights consistent earning power.
adjusted EBITDA financial
"Adjusted EBITDA is calculated as net income attributable to equity holders"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
non-IFRS measures financial
"are financial measures that are not defined under IFRS Accounting Standards"
Non-IFRS measures are financial figures that companies create on their own to show aspects of their performance, beyond what standard accounting rules require. They can help investors better understand how a company is really doing by highlighting information that might be more relevant or easier to interpret, much like a sports coach emphasizes certain stats to showcase team strengths not captured by official scores.
omni-comp financial
"“Omni-comp” reflects revenue growth on a constant currency basis"
forward-looking statements regulatory
"This press release contains statements that constitute forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What new third quarter 2026 guidance did Amer Sports (AS) provide?
Amer Sports now expects Q3 2026 year-over-year revenue growth of 20–22%, above its previous 18–20% range, and adjusted operating margin slightly above the prior 13.5–14% high end.
What is Amer Sports’ updated long-term revenue growth algorithm?
For Amer Sports Group, management targets an annual revenue CAGR in the low-double digits to mid-teens over 5+ years, using guidance for the year ending December 31, 2026 as the base.
How much margin expansion does Amer Sports aim for long term?
Amer Sports targets annual adjusted operating margin expansion of 30–70+ basis points at the group level, with segments generally targeted for 20–60+ basis points of annual adjusted operating margin expansion.
What segment growth targets did Amer Sports outline?
The company targets mid-teens annual revenue CAGR for both Technical Apparel and Outdoor Performance, and mid-to-high single-digit annual revenue CAGR for Ball & Racquet, each with 20–60+ basis points of annual adjusted operating margin expansion.
What was Amer Sports’ revenue in 2025?
Amer Sports reported $6.6 billion of revenue in 2025, positioning that year as a recent scale reference for its updated long-term growth and margin framework.
Does Amer Sports’ guidance use IFRS or non-IFRS measures?
Other than revenue, Amer Sports provides guidance on a non-IFRS basis, including measures such as adjusted operating margin and adjusted EBITDA, and does not reconcile these forward-looking non-IFRS measures due to forecasting difficulties.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2026
Commission File Number 001-41943
Amer Sports, Inc.
(Translation of registrant’s name into English)
Cricket Square, Hutchins Drive,
P.O. Box 2681
Grand Cayman, KY1-1111
Cayman Islands
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
FORM 20-F x FORM 40-F o
EXPLANATORY NOTE
On September 16, 2026, Amer Sports, Inc. (the “Company”) released updated financial guidance for the third quarter of 2026 and updated its long-term financial algorithm. A copy of the press release is furnished hereto as Exhibit 99.1.
The information contained in this Report on Form 6-K (including the press release furnished as Exhibit 99.1) shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such filing.
EXHIBIT INDEX
The following exhibit is furnished as part of this Report on Form 6-K:
| Exhibit Number | Description | |||||||
99.1 | Press Release dated September 16, 2026 | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunder.
| Amer Sports, Inc. | ||||||||
| By: | /s/ Andrew E. Page | |||||||
| Name: | Andrew E. Page | |||||||
| Title: | Chief Financial Officer | |||||||
Date: September 16, 2026
Exhibit 99.1
AMER SPORTS UPDATES LONG-TERM FINANCIAL ALGORITHM AND THIRD QUARTER 2026 GUIDANCE
NEW YORK (September 16, 2026) – Amer Sports, Inc. (NYSE:AS) (“Amer Sports” or the “Company”) will host an Investor Day tomorrow beginning 3:00 am Eastern Time, which will be webcast live from Annecy, France (details below). In conjunction with this meeting, the Company is updating its long-term financial algorithm and financial guidance for the third quarter of 2026.
CEO James Zheng commented "Our unique portfolio of premium sports & outdoor brands continues to deliver great financial results in a challenging marketplace, led by continued strong growth across all three segments. We are excited to showcase the Salomon brand to the market during our investor day tomorrow."
CFO Andrew Page added "In addition to another strong third quarter, we also expect great things from our company long-term. Given our confidence in our three key growth engines: Arc'teryx, Salomon Softgoods, and Wilson Tennis 360, we are pleased to reiterate the 5-year financial algorithm for Amer Sports Group, despite our significantly higher revenue and margin base versus a year ago."
UPDATED LONG-TERM FINANCIAL ALGORITHM
Long-term financial algorithm assumes the previously issued guidance for the year ending December 31, 2026 as the base year and a duration of 5+ years. Except for revenue, all metrics reference non-IFRS measures.
Amer Sports Group
•Annual revenue CAGR: low-double digits to mid-teens
•Annual adjusted operating margin expansion: 30 – 70+ basis points
•Effective tax rate: approaching 25%
Technical Apparel Segment
•Annual revenue CAGR: mid-teens
•Annual adjusted operating margin expansion: 20 – 60+ basis points
Outdoor Performance Segment
•Annual revenue CAGR: mid-teens
•Annual adjusted operating margin expansion: 20 – 60+ basis points
Ball & Racquet Segment
•Annual revenue CAGR: mid-to-high single digits
•Annual adjusted operating margin expansion: 20 – 60+ basis points
UPDATED OUTLOOK FOR THIRD QUARTER 2026
Amer Sports now expects third quarter 2026 year-over-year revenue growth of 20 – 22% versus the previous guidance range of 18 – 20% and adjusted operating margin to be slightly above the high-end of the previous guidance range of 13.5 – 14%.
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Other than with respect to revenue, Amer Sports only provides guidance on a non-IFRS basis. The Company does not provide a reconciliation of forward-looking non-IFRS measures to the most directly comparable IFRS Accounting Standards measures due to the difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations without unreasonable efforts. The Company is unable to address the probable significance of the unavailable reconciling items, which could have a potentially significant impact on its future IFRS financial results. The above outlook reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change. Actual results may differ materially from these forward-looking statements, including as a result of, among other things, the factors described under “Forward-Looking Statements” below and in our filings with the SEC.
INVESTOR DAY INFORMATION
Amer Sports will host an investor day tomorrow, September 17, 2026, in Annecy, France from 9:00 am to approximately 5:00 pm CET. The entire presentation will be webcast – please visit https://salomoninvestorday.webstream.fr to register and join.
ABOUT AMER SPORTS
Amer Sports is a global group of iconic sports and outdoor brands, including Arc’teryx, Salomon, Wilson, Peak Performance, and Atomic. Our brands are known for their detailed craftsmanship, unwavering authenticity, and premium market positioning. As creators of exceptional apparel, footwear, and equipment, we pride ourselves on cutting-edge innovation, performance, and designs that allow elite athletes and everyday consumers to perform their best.
With over 15,400 employees globally, Amer Sports’ purpose is to elevate the world through sport. Our vision is to be the global leader in premium sports and outdoor brands. With corporate offices in Helsinki, Munich, Kraków, New York, and Shanghai, we have operations in 40 countries and our products are sold in 100+ countries. Amer Sports generated revenue of $6.6 billion in 2025. Amer Sports, Inc. shares are listed on the New York Stock Exchange. For more information, visit www.amersports.com.
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NON-IFRS MEASURES
Adjusted gross profit margin, adjusted gross profit, adjusted SG&A expenses, adjusted net finance costs, adjusted income tax expense, adjusted operating profit margin, adjusted operating profit, adjusted EBITDA, adjusted net income attributable to equity holders of the Company, and adjusted diluted earnings per share are financial measures that are not defined under IFRS Accounting Standards. Adjusted gross profit margin is calculated as adjusted gross profit divided by revenue. Adjusted gross profit is calculated as gross profit excluding non-recurring items such as depreciation and amortization related to purchase price allocation (“PPA”) fair value step up resulting from the acquisition and delisting of Amer Sports in 2019 (the “Acquisition”), restructuring expenses, and expenses related to certain legal proceedings. Adjusted SG&A excludes non-recurring items such as depreciation and amortization on PPA fair value step up, restructuring expenses, expenses related to transaction activities, expenses related to certain legal proceedings, and certain share-based payments. Adjusted net finance costs is calculated as net finance costs excluding non-recurring items such as loss on debt extinguishment and derivative contract loss. Adjusted income tax expense is calculated as income tax expense excluding the income tax expense resulting from each adjustment excluded from Adjusted net income. Adjusted operating profit margin is calculated as adjusted operating profit divided by revenue. Adjusted operating profit is calculated as income before tax with adjustments to exclude non-recurring items such as depreciation and amortization on PPA fair value step up, restructuring expenses, impairment losses on goodwill and intangible assets, expenses related to transaction activities, expenses related to certain legal proceedings, expenses related to certain share-based payments, interest expense, foreign currency exchange (losses)/gains, net & other finance costs, loss on debt extinguishment, and interest income. Adjusted EBITDA is calculated as net income attributable to equity holders of the Company, plus net income attributable to non-controlling interests, income tax expense/(benefit), foreign currency exchange (losses)/gains, net & other finance costs, interest expense, loss on debt extinguishment, and depreciation and amortization, less interest income with adjustments to exclude restructuring expenses, impairment losses on goodwill and intangible assets, expenses related to transaction activities, expenses related to certain legal proceedings and certain share-based payments. Adjusted net income attributable to equity holders of the Company is calculated as net income attributable to equity holders of the Company with adjustments to exclude depreciation and amortization on PPA fair value step up resulting from the Acquisition, restructuring expenses, expenses related to transaction activities, impairment losses on goodwill and intangible assets, expenses related to certain legal proceedings, certain share-based payments, derivative contract loss, loss on debt extinguishment, and the related income tax expense on these adjustments and deferred tax expense or benefit arising from tax rate changes on PPA balances. “Omni-comp” reflects revenue growth on a constant currency basis from owned retail stores that have been open for at least 13 full fiscal months and from owned e-commerce websites. Remodeled stores are excluded from the comparable sales growth calculation for 13 months if a store: (i) changes its square footage by more than 20% or (ii) is closed for more than 60 days for the refit. Stores closed 60 days or less are excluded from the comparable sales growth calculation only for the months they are closed.
The Company believes that these non-IFRS measures, when taken together with its financial results presented in accordance with IFRS Accounting Standards, provide meaningful supplemental information regarding its operating performance and facilitate internal comparisons of its historical operating performance on a more consistent basis by excluding certain items that may not be indicative of our business, results of operations or outlook. In particular, adjusted EBITDA and adjusted net income are helpful to investors as they are measures used by management in assessing the health of the business and evaluating operating performance, as well as for internal planning and forecasting purposes. Non-IFRS financial measures, however are subject to inherent limitations, may not be comparable to similarly titled measures used by other companies and should not be considered in isolation or as an alternative to IFRS measures.
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FORWARD LOOKING STATEMENTS
This press release contains statements that constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Many of the forward-looking statements contained herein can be identified by the use of forward-looking words such as "anticipate," "believe," "may," "will," "expect," "could," "target," "predict," "should," "plan," "intend," "estimate" and "potential," and similar expressions. Forward-looking statements appear in a number of places herein and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to, those identified under the section titled "Item 3. Key Information—D. Risk Factors" in our Annual Report on Form 20-F. These risks and uncertainties include factors relating to, but are not limited to: the strength of our brands; changes in market trends and consumer preferences; intense competition that our products, services and experiences face; harm to our reputation that could adversely impact our ability to attract and retain consumers and wholesale partners, employees, brand ambassadors, partners, and other stakeholders; reliance on technical innovation and high-quality products; general economic and business conditions worldwide, including due to inflationary pressures; the strength of our relationships with and the financial condition of our third-party suppliers, manufacturers, wholesale partners and consumers; ability to expand our direct-to-consumer ("DTC") channel, including the expansion and success of our retail stores and e-commerce platforms; our plans to innovate, expand our product offerings and successfully implement our growth strategies that may not be successful, and implementation of these plans that may divert our operational, managerial and administrative resources; our international operations, including any related to political uncertainty and geopolitical tensions; changes in trade policies, including tariffs and other trade restrictions; our and our wholesale partners' ability to accurately forecast demand for our products and our ability to manage manufacturing decisions; our third-party suppliers, manufacturers and other partners, including their financial stability and our ability to find suitable partners to implement our growth strategy; the cost of raw materials and our reliance on third-party manufacturers; our distribution system and ability to deliver our brands' products to our wholesale partners and consumers; climate change and sustainability-related matters, or legal, regulatory or market responses thereto; current and further changes to trade policies, tariffs, import/export regulations and, anti-competition regulations in the United States, European Union, People's Republic of China ("PRC") and other jurisdictions, or our failure to comply with such regulations; the use and reliance on artificial intelligence can potentially cause intellectual property rights issues, security vulnerabilities, harm our business reputation, negatively impact our operations and impact our financial results; ability to obtain approvals from PRC authorities to remain listed on the U.S. exchanges and offer securities in the future; ability to obtain, maintain, protect and enforce our intellectual property rights in our brands, designs, technologies and proprietary information and processes; ability to defend against claims of intellectual property infringement, misappropriation, dilution or other violations made by third parties against us; security breaches or other disruptions to our information technology ("IT") systems; our reliance on a large number of complex IT systems; changes in government regulation and tax matters; our ability to remediate our material weakness in our internal control over financial reporting; our relationship with ANTA Sports Products Limited ("ANTA Sports"); our expectations regarding the time during which we will be a foreign private issuer; and other risk factors discussed under "Item 3. Key Information—D. Risk Factors" in our Annual Report on Form 20-F. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of an unanticipated event.
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FOR ADDITIONAL INFORMATION
Investor Relations:
Omar Saad
Senior Vice President, Investor Relations and Capital Markets
ir@amersports.com
Media:
Päivi Antola
Senior Vice President, Communications
media@amersports.com
Source: Amer Sports, Inc.
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