Under Armour Q1 revenue falls 4% to $1.1 billion; Q2 outlook calls for lower sales
Under Armour reported first quarter fiscal 2026 results for the quarter ended June 30, 2025. Revenue fell 4% to $1.1 billion, while GAAP net loss narrowed to $3 million from $305 million a year earlier, when results included a litigation reserve. The company expects second quarter revenue to decline 6% to 7% and a GAAP operating loss of up to $10 million, which matters to shareholders because it signals continued sales pressure and uncertainty from tariffs.
Key points
- Revenue declined 4% to $1.1 billion; North America fell 5% to $670 million and footwear fell 14% to $266 million.
- GAAP operating income was $3 million, compared with a loss of $300 million a year earlier; diluted loss per share was $0.01.
- Second quarter outlook: revenue down 6% to 7%, GAAP operating loss of $10 million to breakeven, and diluted loss per share of $0.07 to $0.08.
- Cash and cash equivalents totaled $911 million, including $400 million in senior notes raised in the quarter, to be used toward $600 million in notes due June 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 08, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.