Under Armour shares surge 13.61% intraday after beating adjusted earnings, raising fiscal 2026 guidance despite GAAP net loss.

Under Armour surged 13.61% intraday after reporting better-than-expected third-quarter fiscal 2026 results and raising full-year guidance. Despite a $431 million net loss driven by a $247 million tax valuation allowance, the company exceeded adjusted operating expectations, with $0.09 per share in adjusted earnings versus estimates of a $0.01 loss. CEO Kevin Plank highlighted progress in reigniting brand momentum, citing disciplined execution and strategic shifts in product and marketing. The firm also raised its adjusted EPS outlook to $0.10–$0.11 from $0.03–$0.05 and noted North America’s December quarter as the “most challenging phase” of its restructuring, signaling stabilization ahead. Investors responded positively to the optimism and improved profitability metrics, despite ongoing revenue declines and restructuring costs.