Under Armour Q3 revenue dips 5% but beats estimates, ups EPS outlook to 11¢
Under Armour's Q3 fiscal 2026 revenue declined 5% year-over-year to $1.327 billion, topping estimates by $14 million, and adjusted EPS of $0.09 beat the expected ($0.02) loss. The company raised its full-year adjusted EPS outlook to $0.10–$0.11 and sales guidance to about $4.96 billion.
1. Q3 Fiscal 2026 Results
Under Armour reported Q3 revenue of $1.327 billion, down 5% from a year earlier but above the $1.313 billion estimate. The company posted a diluted loss per share of $1.01, while adjusted EPS was $0.09, outperforming the expected $0.02 loss.
2. Segment Performance
North America revenue fell 10% to $757 million, while international sales rose 3% to $577 million driven by 20% growth in Latin America and 6% in EMEA. Apparel sales declined 3%, footwear dropped 12%, and accessories were down 3%.
3. Guidance Upgrade
Under Armour raised its full-year adjusted EPS forecast to $0.10–$0.11 from $0.03–$0.05 and lifted revenue guidance to about $4.96 billion, up from a prior range of $4.91–$4.96 billion. The updated outlook exceeds consensus estimates for both sales and earnings.
4. Elevated Short Interest
The stock carries a short float representing 41.22% of publicly traded shares, one of the market’s highest levels. A substantial short position likely contributed to the intraday rally as positions were covered following the earnings beat.