Under Armour's Q3 adjusted EPS of $0.09 beat estimates for a $0.02 loss, with revenue of $1.33 billion also exceeding forecasts.
The company raised its FY26 adjusted EPS guidance to $0.10–$0.11 from $0.03–$0.05, signaling progress in its turnaround strategy.
Under Armour shares surged over 18% in after-hours trading following Q3 earnings and guidance updates.
CEO Kevin Plank stated the December quarter marked the "bottom of the reset," indicating stabilization ahead.
The company announced a $255 million restructuring plan and highlighted cost cuts, product simplification, and improved North American performance.
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