NKE NIKE, Inc.
Price Chart
Executive Summary
NIKE reported Q3 FY2026 earnings with revenue flat at $11.3 billion (down 3% currency-neutral) and diluted EPS of $0.35, a 206.5% beat versus analyst consensus of $0.11. Despite top-line weakness, particularly in Greater China and Converse, the significant EPS beat was driven by cost discipline and lower-than-expected tax rate, though gross margin declined 130 bps to 40.2% due to North American tariffs.
Key Financial Metrics
Actionable Insight
The massive EPS beat on cost control and tax timing may provide near-term relief, but traders should monitor gross margin pressure and Direct/Converse declines as structural risks. Watch management commentary on tariff mitigation and China recovery in the earnings call.
Key Facts
- Q3 revenue: $11.279 billion (flat YoY reported, down 3% currency-neutral)
- Diluted EPS: $0.35 vs. consensus estimate of $0.11 (206.5% beat)
- Gross margin decreased 130 bps to 40.2% due to higher North American tariffs
- Wholesale revenue up 5% YoY; NIKE Direct down 4%; Converse down 35%
- Net income down 35% YoY to $520 million
- Company returned $609 million to shareholders via dividends
Financial Impact
EPS beat of $0.24 above consensus ($0.35 actual vs $0.11 expected) on flat revenue
Risk Factors
- Gross margin under pressure from North American tariffs
- NIKE Direct and Converse segments showing persistent weakness
- Revenue flat despite cost-cutting, raising concerns about top-line growth sustainability
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000320187-26-000026 |
| Document: nke-20260331.htm | 0000320187-26-000026 |
| Document: 0000320187-26-000026-index-headers.html | 0000320187-26-000026 |
| Document: 0000320187-26-000026-index.html | 0000320187-26-000026 |
| Document: 0000320187-26-000026.txt | 0000320187-26-000026 |
| 8-K Data (Synthetic) | 0000320187-26-000026 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 13, 2026
7d ago
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ANALYST-DOWNGRADE
| $42.89 $44.18 | ▼ −3.01% | ▼ −1.80% | $44.19 (−3.04%) |
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May 13, 2026
7d ago
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Court Ruling
| $42.35 $42.02 | ▲ +0.78% | ▲ +1.55% | $44.19 (−4.35%) |
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May 10, 2026
10d ago
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ANALYST-DOWNGRADE
| $42.62 $42.89 | ▼ −0.64% | ▲ +0.34% | $44.19 (−3.69%) |
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May 8, 2026
12d ago
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ANALYST-DOWNGRADE
| $44.15 $42.40 | ▲ +3.97% | ▲ +4.20% | $44.19 (−0.10%) |
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May 6, 2026
14d ago
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Court Ruling
| $43.83 $44.40 | ▲ +1.30% | ▲ +1.63% | $44.19 (+0.83%) |
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May 5, 2026
15d ago
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Court Ruling
| $43.04 $43.83 | ▲ +1.83% | ▲ +0.45% | $44.19 (+2.68%) |
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May 2, 2026
18d ago
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ANALYST-DOWNGRADE
| $44.19 $44.02 | ▼ −0.38% | ▼ −0.86% | $44.19 (+0.01%) |
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May 1, 2026
18d ago
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ANALYST-DOWNGRADE
| $44.61 $44.19 | ▲ +0.94% | ▲ +1.02% | $44.19 (+0.93%) |
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May 1, 2026
19d ago
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ANALYST-UPGRADE
| $55.69 $54.12 | ▼ −2.82% | ▼ −1.33% | $44.19 (−20.64%) |
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Apr 7, 2026
6w ago
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Insider Cluster
| $42.70 $43.13 | ▲ +1.01% | ▼ −1.52% | $44.19 (+3.50%) |
US Market Status
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