Goldman Sachs
May 20, 2026
Amer Sports 1Q26 First Take Broad-based Beat and Guidance Raise
Single Stock ReportEquitiesConsumer Discretionary
Amer Sports (AS) reported a strong 1Q26 beat with $0.38 EPS and 32% revenue growth, leading to an upward revision of FY26 guidance. Strength was broad-based, notably led by the Salomon brand's 42% growth.
Key Takeaways
- 1.Amer Sports reported a significant 1Q26 beat with adjusted EPS of $0.38 vs. the $0.31 consensus.
- 2.Full-year 2026 guidance was raised across revenue, operating margin, and EPS metrics.
- 3.The Outdoor Performance segment, specifically the Salomon brand, showed exceptional acceleration with 42% growth.
Table of Contents
- Key takeaways
- Valuation and Key Risks
- Disclosure Appendix
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Company-specific regulatory disclosures
- Distribution of ratings/investment banking relationships
- Price target and rating history chart(s)
- Target price history table(s)
- Regulatory disclosures
- Ratings, coverage universe and related definitions
- Global product; distributing entities
- General disclosures
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Authors
Brooke Roach, CFAMentesnot Adamu
Securities
AS
Themes
Outdoor Apparel AccelerationChina Market Resilience
Regions
North AmericaEuropeAsia PacificUnited StatesChina
