Callaway Golf’s Q4 Revenue Misses by $423M, Guides $182.5M EBITDA
Callaway Golf reported Q4 revenue of $367.5 million, missing the $790.5 million consensus by over 50%, and forecast full-year 2026 adjusted EBITDA of $182.5 million at midpoint versus analysts’ $204.2 million estimate. Shares plunged 11.4% in the morning session on the revenue shortfall and weaker profitability outlook.
1. Q4 Results and Stock Reaction
Callaway Golf reported fourth-quarter revenue of $367.5 million, falling $423 million short of the $790.5 million consensus. The stock fell 11.4% in early trading as investors reacted to the sizable miss.
2. 2026 Profitability Guidance
The company guided full-year 2026 adjusted EBITDA to $182.5 million at midpoint, below analysts’ $204.2 million estimate. This lower profitability outlook intensified investor concerns about future cash flow generation.
3. Investor Implications and Valuation
Despite a 10.6% gain year-to-date, shares trade 18% below the 52-week high of $15.81, underscoring heightened volatility. The sharp decline may attract value-oriented investors seeking exposure to golf equipment and entertainment.