Under Armour (UAA) Q2 2027 Earnings
Adjusted EPS excludes $11 million restructuring charges and $2 million transformation expenses, includes reversal of $3.2 million previously accrued litigation reserve adjustment and income tax provision impact; GAAP diluted EPS was also $0.00
How Did UAA Stock React to Q2 2027 Earnings?
Did UAA Beat Earnings? Q2 2027 Results
Yes. Under Armour reported Q2 2027 earnings of $0.00 a share on Nov 6, 2026, beating the $-0.01 consensus estimate by 100.0%. Revenue was $1.2B against a $1.2B estimate.
Under Armour posted a revenue beat but little else to celebrate in its fiscal second quarter, as the Baltimore-based apparel maker reported $1.24 billion in net revenue for the period ended September 30, 2026, edging past the $1.22 billion consensus estimate yet still falling 6.9 percent from a year earlier. Both GAAP and adjusted diluted EPS landed at $0.00, down from an adjusted $0.04 a year ago, as broad-based softness across every major channel and region, except Latin America, weighed on results. Wholesale declined 6 percent and direct-to-consumer fell 8 percent, with footwear the weakest category at down 11 percent; gross margin slipped 30 basis points to 47.0 percent as foreign currency headwinds and unfavorable mix offset supply chain gains. CEO Kevin Plank credited the company's multi-year transformation for delivering results in line with internal targets. Looking ahead, Under Armour held its adjusted operating income outlook at $140 million to $160 million for the full year while trimming its gross margin expansion forecast to 170 to 220 basis points, citing higher freight costs and foreign exchange pressure.
- Gross margin fell 30 bps to 47.0% on unfavorable FX, channel and regional mix, and pricing, partly offset by supply chain benefits and favorable product mix
- SG&A fell 4% on lower marketing and disciplined cost management
- Reversal of a previously accrued litigation reserve lowered SG&A by about $3.2M
- Restructuring charges fell to $11M from $32M a year earlier
- eCommerce revenue fell 12%; owned-and-operated store revenue fell 7%
- Footwear revenue fell 11%
- Income tax benefit versus tax expense in the prior-year quarter
“We delivered against our revenue expectation and exceeded our operating income outlook. As we progress in this transformation, we are driving greater efficiency across our business, sharpening our product offering, and amplifying global marketing to strengthen our brand and improve financial performance.”
Under Armour CEO, on the earnings call
What Is Under Armour's Outlook?
Fiscal 2027 outlook (versus fiscal 2026): - Revenue is still expected to decline at a mid-single-digit rate. - Gross margin is now expected to rise 170–220 bps, down from 220–270 bps. The cut reflects higher fuel and freight costs, planned inventory management actions and FX headwinds. About 150 bps of the gain comes from recovering IEEPA tariff costs. - SG&A is still expected to fall at a high-single-digit rate. Adjusted SG&A is still expected to fall at a low-single-digit rate. - GAAP operating income is now $99M–$119M, up from $96M–$116M. Adjusted operating income is still $140M–$160M. This includes about $70M of IEEPA tariff refund benefit, partly offset by about $45M of Middle East conflict headwinds (previously $35M). - GAAP diluted EPS is now a loss of $0.02 to earnings of $0.02, versus a prior loss of $0.01 to earnings of $0.05. Adjusted diluted EPS is still $0.08–$0.12. Third-quarter outlook: - GAAP operating loss of $30M to $20M; adjusted operating result of a $5M loss to $5M income. - GAAP and adjusted diluted EPS loss of $0.03 to $0.01. The restructuring plan is expected to be substantially complete by December 31, 2026, with total costs of about $305M.
UAA YoY Financials
| Metric | Q2 2027 | Q2 2026 | Year over year |
|---|---|---|---|
| Revenue | $1.2B | $1.3B | −6.9% |
| Gross Profit | $583.6M | $630.6M | −7.5% |
| Operating Income | $14.8M | $17.0M | −13.2% |
| Net Income | −$425,000 | −$214,929 | +97.7% |
UAA Revenue by Segment
UAA Revenue by Geography
When Does Under Armour Report Next?
Figures from SEC filings and company reports. Not investment advice.