Key Stats for Amer Sports Stock
- 52-Week Range: $29 to $43
- Current Price: $37
- Street Mean Target: $50
- Street High Target: $63
- Analyst Consensus: 18 Buys / 6 Outperforms / 0 Holds
- TIKR Model Target (Dec. 2030): $86
Amer Sports Stock Jumps After Q1 Revenue Beats by 6% and Full-Year Guidance Gets Lifted
Amer Sports (AS) surged after reporting Q1 fiscal 2026 results on May 19, delivering $1.95 billion in revenue — a 32% year-over-year increase and a beat of around 6% above the Street’s estimate of $1.83 billion — and raising full-year revenue growth guidance from 16% to 18% to a new range of 20% to 22%.
The company behind Arc’teryx, Salomon, and Wilson operates three distinct brand pillars across technical apparel, outdoor performance, and ball and racquet sports, and all three segments delivered double-digit growth in the quarter.
Technical Apparel, led by Arc’teryx, grew 33% to $885 million, with direct-to-consumer expanding 41% including a 19% omni-comp.
Outdoor Performance, the segment carrying Salomon footwear, grew 42% to around $714 million, with a 29% omni-comp and 57% DTC growth as Salomon’s footwear momentum inflected across North America, Asia Pacific, and Greater China.
Ball and Racquet grew 13% to roughly $347 million, led by Wilson Tennis 360 softgoods and continued momentum across all three major regions.
CEO James Zheng framed the breadth plainly on the Q1 2026 earnings call: “Our excellent momentum continued in Q1, as our unique portfolio of technical sports and outdoor brands are creating white space and taking share globally.”
Adjusted EPS came in at $0.38 for Q1, up from $0.27 in the year-ago quarter, against a Street estimate of $0.31.
The guidance raise extended to margins: full-year adjusted gross margin guidance moved to 59% to 59.5%, and adjusted operating margin guidance moved to 13.4% to 13.7%.
Management also confirmed that momentum has continued into Q2, citing strong sell-through, expanding U.S. wholesale distribution for Salomon at Foot Locker and JD Sports, and accelerating Arc’teryx brand awareness in North America, where unaided awareness grew to 12% from 8% over the past several months.
24 Analysts Rate AS Stock a Buy: Here Is What the Data Behind That Conviction Says
The thesis at work here is structural growth: a portfolio of premium, underpenetrated outdoor and sports brands with long DTC runways and expanding operating leverage, priced at a multiple that has compressed even as the fundamental case strengthened.
All 24 analysts covering Amer Sports stock as of late May rate it a buy or outperform, with zero holds.
The Street’s mean target sits at around $50, implying approximately 35% upside from the current price near $37, while the high target reaches $63.
That near-unanimous conviction reflects a read on the underlying business: Arc’teryx, Salomon, and Wilson are all still relatively small brands by global standards, operating in large markets where distribution and brand awareness are still early.
The EBITDA beat matters here as a quality signal. Amer Sports posted $430 million in EBITDA against a Street estimate of roughly $350 million — a beat of around 23% — with EBITDA margin expanding to 22.2% from 20.3% a year ago.
Adjusted EPS of $0.38 landed 24% above the $0.31 consensus estimate, reinforcing that the beat was not just top-line volume, but operational efficiency flowing through the full P&L.
The valuation context is notable. Amer Sports stock recently traded at around 25 times next-twelve-month earnings, down from roughly 32 times P/E three months ago — meaning the stock got cheaper even as the business got stronger.
With 24 analysts aligned and a mean target of around $50, the Street is not pricing in a re-rating. It is pricing in earnings delivery. And Q1 delivered.
Revenue Up 32%, Operating Income Up 52%: The Margin Story Inside Amer Sports Stock
Amer Sports grew revenue 32% year-over-year to $1.95 billion in Q1, the strongest quarterly growth rate in the past two years visible in the TIKR income statement table.
Gross profit rose to $1.17 billion in Q1, with gross margin expanding to 59.9% from 57.8% in the year-ago quarter — a continuation of a steady expansion trajectory across the prior three quarters.
Operating income reached $330 million in Q1, up 52% year-over-year, while operating margin expanded to 16.8% from 14.6% in Q1 a year prior, showing that revenue growth is translating into operating leverage and not just scale.
SG&A rose to $850 million in the quarter, but as a percentage of revenue the rate improved relative to the year-ago period, reflecting the fixed-cost leverage that management cited explicitly in the Q1 call.
Is Amer Sports Stock Undervalued in 2026? TIKR’s $88 Model Makes the Case
TIKR’s base case values Amer Sports at around $88 by December 2030, implying roughly 139% total return from the current price near $37, or approximately 21% annualized over 4 and a half years.
If revenue grows at around 15% annually through 2035 and net income margin reaches approximately 12%, TIKR’s mid case produces a stock price near $149 by December 2034, with a total return of around 303% and an IRR of approximately 18%.
If growth runs slower, closer to around 13% revenue CAGR with a net income margin near 12%, TIKR’s low case reaches roughly $109 by December 2034, still implying a total return of approximately 196% and an IRR near 13%.
Should Salomon footwear fully inflect in North America and Arc’teryx push global brand awareness into mainstream territory, the high case reaches around $196 by December 2034, with a total return near 432% and an IRR of approximately 21%.
AS stock is deeply undervalued at $37.
A P/E multiple that has compressed from roughly 32x to around 25x over three months, against a business that just raised full-year guidance, beat EBITDA estimates by around 23%, and is expanding operating margins — that setup is the definition of a stock the market has not yet repriced.
Is Amer Sports stock a buy right now?
All 24 analysts covering Amer Sports stock rate it a buy or outperform as of late May 2026. The Street’s mean target is around $50, implying roughly 35% upside from the current price near $37. TIKR’s base case extends that further, with a mid-case target of approximately $88 by December 2030.
The most immediate signal to watch is whether Q2 revenue growth holds in the 22% to 24% guidance range management provided.
What is the price target for AS stock?
The Wall Street mean target for AS stock sits at around $50 as of late May 2026, up from $49 three months ago, with a high target of $63 and 24 analysts covering the stock.
TIKR’s valuation model sets a mid-case target of approximately $88 by December 2030, based on around 15% revenue CAGR and a net income margin expanding toward approximately 12%.
Should You Invest in Amer Sports, Inc.?
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Pull up Amer Sports, Inc. stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
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