Amer Sports raises Q3 2026 outlook, updates long-term targets

Amer Sports, Inc. (NYSE: AS) raised its third-quarter 2026 revenue growth guidance to 20–22%, up from a prior range of 18–20%, according to a press release issued ahead of the company's investor day in Annecy, France.

The company also said its adjusted operating margin for the third quarter is expected to come in slightly above the high end of its previous guidance range of 13.5–14%.

In conjunction with the investor day, Amer Sports updated its long-term financial algorithm, using its previously issued full-year 2026 guidance as the base year and projecting a duration of five or more years. For the overall group, the company targets annual revenue compound annual growth rate (CAGR) in the low-double digits to mid-teens, along with annual adjusted operating margin expansion of 30 to 70 or more basis points, and an effective tax rate approaching 25%.

By segment, the Technical Apparel and Outdoor Performance segments each target a mid-teens annual revenue CAGR with adjusted operating margin expansion of 20 to 60 or more basis points. The Ball & Racquet segment targets a mid-to-high single-digit annual revenue CAGR with the same margin expansion range.

CFO Andrew Page said the company's confidence is anchored in three growth areas: Arc'teryx, Salomon Softgoods, and Wilson Tennis 360. All metrics except revenue are reported on a non-IFRS basis.

Amer Sports, which owns brands including Arc'teryx, Salomon, Wilson, Peak Performance, and Atomic, reported $6.6 billion in revenue for 2025. The company employs more than 15,400 people and operates in 40 countries.

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