Baltimore, February 7, 2026
Under Armour, Inc. has announced its unaudited financial results for the third quarter of fiscal 2026. The company experienced a revenue decline of 5%, reporting a net loss of $430.8 million. While North American revenue took a significant hit, international segments showed varied performance. The fiscal outlook anticipates continued declines in revenue and losses. The management will hold a conference call to discuss these results further.
Baltimore, Maryland
Under Armour Reports Third Quarter Fiscal 2026 Results and Updates Fiscal 2026 Outlook
Under Armour, Inc. (NYSE: UAA, UA) has released its unaudited financial results for the third quarter of fiscal 2026, which ended on December 31, 2025. The company reports its financial performance in accordance with United States Generally Accepted Accounting Principles (GAAP). This press release includes references to “currency neutral” and “adjusted” amounts, which are non-GAAP financial measures detailed in the “Non-GAAP Financial Information” section below.
Third Quarter Fiscal 2026 Review
- Revenue: Decreased 5% to $1.33 billion (down 6% on a currency-neutral basis).
- Net Loss: Reported a net loss of $430.8 million, including a $247 million valuation allowance on U.S. federal deferred tax assets. Adjusted net income was $37 million, with an adjusted diluted loss per share of $1.01. Adjusted diluted earnings per share was $0.09.
- Regional Performance:
- North America: Revenue declined 10% to $757 million.
- International: Revenue increased 3% to $577 million (up 1% currency neutral).
- EMEA: Revenue grew 6% (up 2% currency neutral).
- Asia-Pacific: Revenue declined 5% (down 5% currency neutral).
- Latin America: Revenue increased 20% (up 13% currency neutral).
- Product Categories:
- Apparel: Revenue decreased 3% to $934 million.
- Footwear: Revenue declined 12% to $265 million.
- Accessories: Revenue decreased 3% to $107 million.
- Gross Margin: Declined 310 basis points to 44.4%, primarily due to higher U.S. tariffs, pricing pressure, and unfavorable mix.
- Restructuring and Transformation Expenses: Recorded $75 million in restructuring charges and $3 million in transformation-related SG&A expenses, totaling $78 million under the fiscal 2025 restructuring plan.
Fiscal 2026 Outlook
- Revenue: Expected to decline approximately 4%, compared to the prior outlook of a 4% to 5% decline. This includes an approximate 8% decline in North America and a 6% decline in Asia-Pacific, partially offset by an approximate 9% increase in EMEA revenue.
- Gross Margin: Expected to decline approximately 190 basis points, compared to the prior outlook of a 190 to 210 basis point decline, primarily due to higher U.S. tariffs, unfavorable channel and regional mix, and pricing headwinds, partially offset by favorable foreign exchange and product mix.
- SG&A Expenses: Expected to decline at a low-double-digit rate, compared to the prior outlook of a mid-teen percentage decline. Adjusted SG&A, which excludes litigation reserve expenses, transformation expenses related to the fiscal 2025 restructuring plan, and impairment charges, is expected to decline at a mid-single-digit rate, unchanged from the prior outlook.
- Operating Loss: Expected to be approximately $154 million, compared to the prior outlook of a $56 million to $71 million loss. Excluding the litigation reserve expense and expected transformation and restructuring charges, adjusted operating income is expected to be approximately $110 million, compared to the prior outlook of $95 million to $110 million.
- Diluted Loss Per Share: Expected to range from $1.24 to $1.25. Adjusted diluted earnings per share is expected to range from $0.10 to $0.11, compared to the prior outlook of $0.03 to $0.05.
Conference Call and Webcast
Under Armour will hold its third-quarter fiscal 2026 conference call today at approximately 8:30 a.m. Eastern Time. The call will stream live through the company’s investor relations portal and will be available for replay approximately three hours after the live event.
About Under Armour, Inc.
Under Armour, Inc., headquartered in Baltimore, Maryland, is a leading inventor, marketer, and distributor of
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