🔴 ONON is trading 5.43% down today after missing Q1 revenue estimates despite raised guidance

ONON is trading at $32.19 (-5.43%) following a mixed Q1 2026 earnings report where a revenue miss overshadowed an earnings beat and a raised profitability outlook.

• The company reported revenue of $829M (vs. $837M expected) but beat earnings estimates at $0.37/share while achieving a record gross margin of 64.2%.
• Management raised the full-year profitability outlook on strong DTC and APAC growth, though recent insider selling by the CEO and broader market weakness are weighing on shares.