Amer Sports (NYSE:AS) Shares Gap Up Following Earnings Beat

Posted by Stanley Muller on Aug 18th, 2026

Shares of Amer Sports, Inc. (NYSE:AS – Get Free Report) gapped up before the market opened on Tuesday following a better than expected earnings announcement. The stock had previously closed at $32.57, but opened at $33.89. Amer Sports shares last traded at $33.6190, with a volume of 2,683,307 shares traded.

The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The company’s quarterly revenue was up 32.1% on a year-over-year basis.

More Amer Sports News

Here are the key news stories impacting Amer Sports this week:

Positive Sentiment: Amer Sports reported second-quarter EPS of $0.22, double the $0.11 analyst consensus, while revenue rose 32.1% year over year to $1.63 billion, exceeding estimates of $1.54 billion. The company cited broad-based double-digit growth across segments, regions and channels, led by Salomon, Arc’teryx and Wilson Tennis. Amer Sports Beats Q2 Earnings and Revenue Estimates
Positive Sentiment: The company raised its full-year 2026 outlook, projecting revenue of approximately $8.1 billion versus the prior consensus of $8.0 billion and EPS of $1.27–$1.30 versus expectations of $1.26. Amer Sports also raised its full-year revenue, operating-margin and EPS guidance, signaling confidence in continued demand and profitability improvement. Amer Sports Reports Second Quarter 2026 Financial Results
Neutral Sentiment: Amer Sports filed its unaudited second-quarter interim results and management discussion and analysis on Form 6-K, providing the formal regulatory disclosure supporting the earnings announcement. Amer Sports Files Q2 2026 Interim Results and MD&A
Negative Sentiment: Third-quarter EPS guidance of $0.31–$0.33 is below the $0.38 analyst consensus, potentially raising concerns about near-term expenses, seasonality or margin pressure. However, projected revenue of about $2.1 billion is broadly in line with expectations.

Analysts Set New Price Targets

AS has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Amer Sports in a report on Friday, July 24th. JPMorgan Chase & Co. raised their target price on Amer Sports from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. UBS Group lifted their target price on Amer Sports from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Amer Sports in a research report on Wednesday, May 20th. Finally, Robert W. Baird set a $51.00 price target on Amer Sports in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Amer Sports currently has a consensus rating of “Buy” and an average target price of $49.70.

View Our Latest Research Report on Amer Sports

Insider Transactions at Amer Sports

In other Amer Sports news, CFO Andrew E. Page sold 105,230 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total transaction of $3,867,202.50. Following the completion of the transaction, the chief financial officer directly owned 4,083 shares of the company’s stock, valued at approximately $150,050.25. This trade represents a 96.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Wen-Chang (Victor) Chen sold 13,075 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $35.62, for a total value of $465,731.50. Following the transaction, the insider directly owned 149,821 shares of the company’s stock, valued at approximately $5,336,624.02. The trade was a 8.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 833,580 shares of company stock valued at $29,200,266.

Institutional Investors Weigh In On Amer Sports

Institutional investors and hedge funds have recently bought and sold shares of the business. Aspex Management HK Ltd boosted its stake in shares of Amer Sports by 27.9% during the 4th quarter. Aspex Management HK Ltd now owns 7,593,627 shares of the company’s stock worth $283,622,000 after acquiring an additional 1,658,536 shares in the last quarter. Viking Global Investors LP grew its stake in Amer Sports by 63.5% in the third quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after purchasing an additional 2,462,832 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Amer Sports by 1,306.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock valued at $194,759,000 after buying an additional 4,843,742 shares in the last quarter. Avala Global LP increased its stake in shares of Amer Sports by 38.8% during the 4th quarter. Avala Global LP now owns 4,637,149 shares of the company’s stock worth $173,198,000 after purchasing an additional 1,297,200 shares during the last quarter. Finally, Morgan Stanley increased its position in Amer Sports by 16.0% during the fourth quarter. Morgan Stanley now owns 3,707,204 shares of the company’s stock worth $138,464,000 after buying an additional 510,419 shares during the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Stock Performance

The firm has a market cap of $18.89 billion, a price-to-earnings ratio of 42.35, a price-to-earnings-growth ratio of 1.12 and a beta of 2.05. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $34.98 and a 200 day moving average price of $35.38.

Amer Sports Company Profile

(Get Free Report)

Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).