On Holding AG (ONON) reported first-quarter 2026 revenue of $1.06 billion. The Swiss sportswear company exceeded the $1.05 billion forecasted by Wall Street. Adjusted earnings per share reached $0.47. This result surpassed the average analyst estimate of $0.35. Net income for the quarter totaled $131.8 million. This equates to $0.40 per share.
Gross profit margins expanded to 64.2% during the quarter. Strong growth in the Asia-Pacific region fueled the performance. The company's apparel segment also contributed significantly to the results.
On Holding reaffirmed its full-year 2026 sales growth forecast of at least 23% in constant currency. The company raised its full-year gross profit margin outlook to at least 64.5%. Management now expects an adjusted EBITDA margin between 19.5% and 20.0% for the fiscal year.