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Under Armour Q2 FY26 revenue falls 5% as tariffs weigh on margins

Under Armour has reported revenues of $1.33 billion in Q2 FY26, down 5 per cent YoY, though ahead of guidance, with improving brand traction in North America.
Gross margin fell 250 bps to 47.3 per cent and SG&A rose 12 per cent to $582 million.
Operating income was $17 million.
For H1 FY26, revenue declined 4.5 per cent to $2.47 billion.
For FY26, expectations are set to decline by 4–5 per cent.Under Armour has reported revenues of $1.33 billion in Q2 FY26, down 5 per cent YoY, though ahead of guidance, with improving brand traction in North America.
Gross margin fell 250 bps to 47.3 per cent and SG&A rose 12 per cent to $582 million.
Operating income was $17 million.
For H1 FY26, revenue declined 4.5 per cent to $2.47 billion.
For FY26, expectations are set to decline by 4–5 per cent.

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