Amer Sports Outlines 2026 Guidance Following Q4 Results

Amer Sports capped the year with a quarter that kept the brand momentum intact and put hard numbers behind the hype. Fourth quarter revenue rose 28% to $2.101 billion, and the company said group revenue, adjusted margins, and EPS came in above guidance. Gross margin expanded 160 basis points to 57.7%, while net income attributable to equity holders rose to $132 million or $0.23 per diluted share, with adjusted diluted EPS of $0.31. It was a strong finish that kept the company’s growth anchored to real results and left little doubt Amer is still building, not coasting.

Demand stayed healthy across the lineup, setting up a segment report that read like three separate growth engines. Technical Apparel grew 34% to $1.0 billion and delivered 16% omni comp growth, Outdoor Performance rose 29% to $764 million, and Ball and Racquet grew 14% to $337 million. The tradeoff was intentional spending, with SG&A up 35% to $988 million, and Amer pointed directly to accelerated investment supporting key growth opportunities, especially Salomon Softgoods, as the reason operating margin stepped down.

The quarter spoke for itself, but management added one more data point that made the growth feel durable. CEO James Zheng called 2025 a breakout year led by Arc’teryx and Salomon, and said Salomon surpassed the $2 billion sales mark. The company did not pitch the quarter as a record, but the scale of the results and the guidance outlook made the momentum hard to miss.

The company closed the report by pointing investors toward 2026 targets that suggest growth is still the priority. Amer guided 2026 to adjusted reported revenue growth of 16% to 18%, gross margin around 59%, operating margin 13.1% to 13.3%, and fully diluted EPS of $1.10 to $1.15, while also flagging a $50 million corporate cost reallocation that does not change group adjusted operating margin. The outlook kept expectations grounded in numbers, for now the only question is whether execution keeps up with the ambition.

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