)
)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Under Armour
Under Armour (UA) investor relations material
Under Armour Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2027 earnings summary6 Nov, 2026
Executive summary
Q2 FY2027 revenue fell 6.9% to $1,241.7M amid soft demand and promotions; operating income was $14.8M reported and $24.9M adjusted, above outlook.
H1 revenue declined 5.2% to $2,339.7M; operating income increased to $61.5M from $20.4M, supported in part by prior-year tariff recoveries.
Priorities include improving full-price sales, simplifying products and operations, and investing in innovation, brand positioning and stronger global execution.
Financial highlights
Q2 net revenue was $1,241.7M versus $1,333.4M; gross profit was $583.6M versus $630.6M.
H1 net revenue was $2,339.7M, down 5.2%; gross profit was $1,177M, flat year over year.
Q2 GAAP SG&A declined 4.2% to $557.4M; adjusted SG&A declined 3% to $559M.
Q2 GAAP net loss was $0.4M and adjusted net loss was $2.1M; reported and adjusted diluted EPS were both $0.00.
H1 net income was $0.1M versus a $21.4M net loss in the prior-year period.
Outlook and guidance
FY27 revenue is expected to decline at a mid-single-digit rate; guidance is unchanged despite potential additional North America weakness.
FY27 gross margin improvement is forecast at 170–220 bps, including ~150 bps from IEEPA tariff recoveries; excluding the recoveries, expected improvement is ~20–70 bps.
FY27 adjusted operating income remains $140M–$160M and adjusted diluted EPS is $0.08–$0.12; reported operating income is projected at $99M–$119M.
FY27 adjusted SG&A is expected to decline at a low-single-digit rate; reported SG&A is expected to decline at a high-single-digit rate.
Q3 revenue is expected to fall 8%–9%; adjusted operating income is forecast between a $5M loss and $5M profit, with adjusted diluted EPS of negative $0.01 to negative $0.03.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Under Armour
- Revenue fell 3% and gross margin rose to 54.1% on $70M tariff refunds, outlook for profit steady.UA
Q1 2027 - Virtual annual meeting to vote on directors, compensation, incentive plan, and auditor ratification.UAProxy filing
- Proxy seeks approval for director elections, executive pay, incentive plan changes, and auditor ratification.UAProxy filing
- Brand transformation focuses on premiumization, innovation, and a unified underdog positioning.UAStatus Update
- FY27 outlook: revenue down slightly, gross margin up, adjusted EPS $0.08–$0.12.UAQ4 2026
- Revenue down 5%, adjusted EPS $0.09, net loss $430.8M; FY26 outlook improved.UAQ3 2026
- Revenue fell 11% but gross margin and profitability improved, with major restructuring and settlement.UAQ2 2025
- Revenue down 10% but gross margin up; net loss driven by litigation and restructuring.UAQ1 2025
- Revenue fell but margin gains and raised guidance highlight progress amid restructuring.UAQ3 2025
Next Under Armour earnings date
Q3 20275 Feb, 2027
Under Armour
Next Under Armour earnings date
Q3 20275 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
Related articles
)
Business philosophy30 May 2024
The Rise of Athleisure
A closer look at the athleisure trend from a business standpoint, the driving factors behind its rise in popularity, and the companies involved.
)
Business philosophy30 Apr 2024
Kevin Plank and the Rise of Under Armour
Dive into the story of Under Armour and its founder Kevin Plank, highlighting both successes and mistakes.
Frequently asked questions
Athletic Equipment Experts
Under Armour is an athletic apparel and performance gear company that caters to athletes and fitness enthusiasts. With a focus on qualitative apparel, Under Armour offers a wide range of products designed to enhance athletic performance and comfort. Their product lineup includes apparel, footwear, accessories, and connected fitness solutions. Under Armour's commitment to quality and functionality has made them a trusted brand in the sports industry for both professional athletes and customers who simply need something to wear to the gym.
Founding and growth
Under Armour was founded in 1996 by Kevin Plank, a former University of Maryland football player. The company's origins trace back to Plank's idea to develop a moisture-wicking performance shirt for athletes. He created a fabric that effectively regulated sweat, providing a level of comfort and performance that he himself had wanted during his active career. From its humble beginnings in Plank's grandmother's basement, Under Armour has grown into a global athletic apparel and equipment brand competing with companies such as Nike and Adidas.
The products themselves
Under Armour offers a diverse range of products tailored to meet the needs of athletes and fitness enthusiasts. Their product lineup includes athletic apparel, such as shirts, shorts, leggings, and outerwear, designed with advanced fabric technologies for comfort and performance. They also provide footwear for various sports and training activities, along with accessories like hats, socks, bags, and gloves. Additionally, Under Armour offers connected fitness solutions, including wearable devices and apps, to help individuals track and improve their performance during and after workouts.
Getting the products to consumers
Under Armour employs various channels to sell their products to consumers. They operate a robust e-commerce platform, allowing customers to purchase directly from their official website. In addition to its e-commerce presence Under Armour distributes its products through a network of retail partners, including department stores, sporting goods retailers, online marketplaces, and specialty athletic stores. Under Armour also utilizes direct-to-consumer channels, such as company-owned stores and brand-specific outlets.