NKE is trading at $62.08 (-5.58%) in after-hours trading, dropping sharply following its fiscal Q2 2026 earnings release as concerns over weak underlying metrics overshadowed headline beats of revenue ($12.43B) and GAAP EPS ($0.53).
- The market reacted negatively to a significant 17% revenue drop reported in Greater China.
- Operating margin compressed to 8%, down from 11.2% in the prior year, indicating rising cost pressures.
- Overall sales growth was flat year-over-year, fueling concerns about future momentum despite the Q2 beats.