Amer Sports 2025 Q3 Earnings 160.5% Net Income Surge Drives Strong Performance

Amer Sports (AS), ranked by market capitalization, reported its fiscal 2025 Q3 earnings on Nov 18th, 2025. The company delivered results that significantly exceeded expectations, with revenue growing 29.7% year-over-year and net income surging 160.5%. Guidance was also raised for 2025, reflecting confidence in sustained momentum.

Revenue

The total revenue of Amer Sports increased by 29.7% to $1.76 billion in 2025 Q3, up from $1.35 billion in 2024 Q3. This growth was led by the Outdoor Performance segment, which contributed $723.50 million, while the Technical Apparel segment added $683.30 million. The Ball & Racquet Sports segment supported the total with $349.50 million in revenue, rounding out the company’s performance across its key divisions.

Earnings/Net Income

Amer Sports's EPS rose 136.4% to $0.26 in 2025 Q3 from $0.11 in 2024 Q3, marking continued earnings growth. Meanwhile, the company's profitability strengthened with net income of $146.40 million in 2025 Q3, marking 160.5% growth from $56.20 million in 2024 Q3. The Company has sustained profitability for 3 years over the corresponding fiscal quarter, reflecting stable business performance. The substantial EPS and net income growth underscores the company’s strong earnings momentum.

Price Action

The stock price of Amer Sports has edged up 1.03% during the latest trading day, has jumped 10.54% during the most recent full trading week, and has jumped 8.21% month-to-date.

Post-Earnings Price Action Review

Following the release of Q3 earnings, Amer Sports’ stock has gained traction across multiple timeframes. While the daily gain of 1.03% appears modest, the weekly performance of 10.54% highlights strong investor confidence. The 8.21% month-to-date increase further reinforces positive sentiment, suggesting that the market is pricing in the company’s revised guidance and operational strengths. The upward trajectory aligns with the broader narrative of robust revenue and margin expansion, though continued performance will depend on execution against 2026 expectations.

CEO Commentary

Jie Zheng, CEO, highlighted Amer Sports’ strong Q3 performance driven by "exceptional Salomon footwear growth," "Arc'teryx’s Omnicom reacceleration," and "solid growth from Wilson 360 and winter sports equipment." He emphasized the company’s unique positioning in premium technical brands, noting Arc'teryx’s direct-to-consumer model and Salomon’s expanding market share in footwear. Strategic priorities include leveraging Arc'teryx’s global growth potential, expanding Salomon’s U.S. epicenter strategy, and capitalizing on China’s "best-in-class performance." Zheng expressed optimism, stating the company is "well positioned" for 2026, with confidence in long-term growth from innovation-driven brands. He addressed the September fireworks incident, stating, "We regret our involvement... and are taking actions to ensure we do better going forward," but stressed no material impact on guidance.

Guidance

Amer Sports raised 2025 full-year revenue growth guidance to 21-24% (prior: 20-23%), with technical apparel targeting 25-27% growth, outdoor performance 28-29%, and Ball & Racquet 10-11%. Adjusted operating margin guidance increased to 12.5-12.7% (prior: 11.8-12.2%), led by outdoor performance’s 13-13.5% margin. Adjusted diluted EPS guidance was lifted to $0.88-$0.92 (prior: $0.77-$0.82). For 2026, the company expects revenue near the high end of its long-term algorithm.

Additional News

Within three weeks of the earnings release, Amer Sports faced scrutiny over its involvement in a September fireworks incident, which the CEO acknowledged as a reputational risk. The company has since initiated internal reviews and supplier audits to prevent future occurrences, though no material financial impact has been disclosed. Separately, the firm announced a strategic partnership with a European logistics provider to enhance supply chain efficiency, a move expected to support margin expansion in 2026. No dividend or buyback announcements were made during the period, maintaining focus on operational reinvestment.