Nike Q2 Earnings Preview: Revenue to Decline, Margins and Earnings Under Pressure

Tuesday, Dec 16, 2025 11:28 pm ET1min read
NKE--

Nike is set to report Q2 earnings on Dec. 18, with shares down 11% YTD. Revenue is expected to decline in the low single digits, while margins and earnings may face headwinds despite encouraging signs in certain parts of the business. Management has guided for a 1% foreign exchange benefit. The options market indicates a 7.4% post-earnings move, higher than Nike's average of 6.8%.

Nike Q2 Earnings Preview: Revenue to Decline, Margins and Earnings Under Pressure

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