Amer Sports, the parent company behind Arc’teryx, Salomon, Atomic, Peak Performance, and Armada, reported 32% year-over-year revenue growth in the second quarter of 2026, reaching $1.63 billion. According to the company’s recent financial press release, Amer’s strongest growth came from the “Outdoor Performance” division of the conglomerate, which grew 37%, led by ski giants Salomon and Atomic.
Amer Sports’ Financial Performance Breakdown
Ski products drove the bulk of the revenue growth in 2026, but other divisions also saw significant growth. “Technical Apparel” was up 32%, led by Arc’teryx, while “Ball & Racquet” revenue rose 24%, with its brand Wilson Tennis 360 driving much of that growth. Meanwhile, the company said strong growth continued into the third quarter and raised its end-of-year revenue forecast.
Management at Amer Sports highlighted Salomon softgoods — referring to items like apparel and footwear — as a particularly key growth engine. Salomon is most recognizable as a ski hardgoods brand — think skis, boots, and helmets — though softgoods are an increasingly core part of their product line.
Profit growth was even more robust than overall revenue growth. The company is reporting that adjusted operating profit increased 209% to $208 million, though a portion of this increase is attributable to a one-time tariff refund of $50.1 million. Amer Sports also raised its overall guidance, which refers to the company’s own forecast or expectations for future financial performance. For Technical Apparel, it set new target guidance at revenue growth of 25–26% and an operating margin of approximately 22.5%. For outdoor performance, the company now expects revenue growth of 27% – 28% and an operating margin of 16.0-16.5%. The company also expects an EPS (Earnings Per Share) of $1.27 – $1.30.
Regionally, Asia-Pacific saw the strongest growth, at an astonishing 60.3%, while Greater China (not included in Asia-Pacific) came in second place at 35.5%. In absolute terms, Greater China contributed the lion share of the revenue growth, making up 36.8% or $145.8 million of the $396.3 million growth in sales. China’s strong position in Amer’s sales figures goes hand-in-hand with the explosion of indoor and outdoor ski areas in China. Additionally, technical wear, like Arc’teryx and Salomon softgoods, has gained traction as fashion goods in Asia and beyond, in a trend dubbed “gorpcore.”
CEO James Zheng outlined the company’s prospects in a statement. “Our global momentum continued through the second quarter with over 30% revenue growth and strong operating margin expansion. All segments, geographies, and channels achieved strong double-digit growth led by another exceptional quarter from Salomon Softgoods, a strong Arc’teryx omni-comp, and a Wilson Tennis 360 acceleration. Given the broad-based momentum across our portfolio, the healthy and growing premium sports and outdoor market, and the world-class teams we have in place around the world, I am very confident in the future outlook for Amer Sports.”
Amer Sports Stock Price
So what do these robust numbers mean going forward for Amer Sports shareholders? Not as much as you might expect, based on the strong growth. The current P/E, or price-to-earnings ratio, suggests that Amer Sports is already priced in as a high-growth company.
Since its IPO in early 2024, Amer Sports (AS) share price is up about 141%. Year-over-year, however, the share price is down 12%. The market began pricing in strong growth starting in late 2024, when the company’s stock price made a strong push. As a result, investors had little reaction to the financial press release.
Background on Amer Sports
Ironically, Amer Sports began as a Finnish tobacco company in 1950. Nevertheless, the company first began acquiring sporting goods manufacturers in the 1970s. Their entrance into winter sports eventually came in the 90s with Atomic. In 2005, Amer Sports acquired Salomon, which owned Arc’teryx, followed by several other ski brands. Meanwhile, Anta Sports, China’s largest sportswear company, acquired Amer in a $5.2 billion deal in 2019. Five years later, Amer went public on the New York Stock Exchange, although Anta remains its largest shareholder, controlling 52% of shares.