On Holding reports record Q3 2026 sales and raises gross margin outlook
On Holding AG posted third‑quarter 2026 net sales of CHF 931.4 million, up 17.2% year over year, and earnings per share of CHF 0.54. The company said gross profit margin was 72.6% including a CHF 52.6 million U.S. tariff refund and lifted its full‑year gross margin outlook to around 66% excluding the refund (about 68% including it). It also reiterated its low‑20% constant‑currency net‑sales growth target for FY 2026.
Why it matters
The higher margin guidance suggests improved profitability, but the boost relies on one‑time tariff refunds, which analysts note could affect future margin quality. Investors will watch whether the underlying margin without refunds sustains the new outlook.
Key facts
- 1Q3 net sales were CHF 931.4 million, up 17.2% YoY. quantisnow.com
- 2Q3 earnings per share were CHF 0.54. investing.com
- 3Gross profit margin was 72.6% including a CHF 52.6 million tariff refund. quantisnow.com
- 4Full‑year 2026 gross margin outlook is around 66% excluding the refund and about 68% including it. finance.yahoo.com
- 5Direct‑to‑consumer sales grew 25% to CHF 393.3 million, representing 42% of quarterly revenue. finance.yahoo.com
- 6FY 2026 net‑sales growth outlook remains in the low‑20% range on a constant‑currency basis. quantisnow.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.