Callaway Golf Q3 revenue falls, but beats estimates
CALY•Callaway Golf's Q3 revenue fell 5.6% year over year to $436.9 million, beating the $428.27 million consensus estimate, while adjusted EBITDA rose 17.3%. It raised its full-year 2026 net sales outlook to $2.065 billion-$2.078 billion and adjusted EBITDA forecast to $272 million-$280 million.
1. Quarterly results
Q3 revenue fell 5.6% year over year to $436.9 million, above the $428.27 million analyst consensus. Net income was $45.7 million, and operating income was $44.70 million. Adjusted EBITDA rose 17.3% year over year.
2. Outlook and drivers
Callaway raised its full-year 2026 net sales outlook to $2.065 billion-$2.078 billion and adjusted EBITDA forecast to $272 million-$280 million. It expects Q4 2026 net sales of $328 million-$341 million, below the $368 million reported in Q4 2025. The company cited shifted irons launch timing, reductions in lower-margin products and foreign exchange headwinds in Asia for the Q3 sales decline.
