Filing Flows › Academy Sports & Outdoors (ASO) › Q2 FY26
Academy Sports & Outdoors (ASO) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 2, 2025
Academy Sports & Outdoors (ASO) reported revenue of $1.6B for the second quarter fiscal 2026 (Q2 FY26), +3% from a year earlier and +18% from the quarter before. Operating margin was 10.8%, net earnings $125M (7.8% of revenue).
Academy Sports & Outdoors, Q2 FY26: revenue $1.6B (+3% year over year), operating margin 10.8%, net earnings $125M, operating cash flow $78.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +18% | +3% |
| Gross profit | $577M | +26% | +3% |
| Operating profit | $172M | +149% | -9% |
| Net earnings | $125M | +172% | -12% |
| Operating cash flow | $78.6M | -50% | -14% |
| Free cash flow | $21.8M | -80% | -56% |
What changed
Revenue was $1.6B in Q2 FY26, up 3% year over year and up 18% from the previous quarter. Apparel was the largest line at 28% of revenue. Apparel added $0.02B year over year (up 4%), 32% of the total change.
Gross margin was 36.0%, unchanged from a year earlier. Operating profit was $0.17B, a 10.8% margin (down 1.5 points year over year). Operating profit fell $0.02B even though revenue rose $0.05B versus a year earlier, so costs grew faster than sales. Operating expenses grew 10% against revenue growth of 3%. Net earnings were $0.13B, down 12% year over year. The effective tax rate was 23.9%.
Operating cash flow was $0.08B (down 14% year over year), 63% of net earnings. Non-cash charges added back $0.03B of depreciation and $0.01B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.06B left free cash flow of $0.02B.
Questions
What was Academy Sports & Outdoors' revenue in the second quarter fiscal 2026?
Academy Sports & Outdoors (ASO) reported revenue of $1.6B for the second quarter fiscal 2026 (Q2 FY26), +3% from a year earlier and +18% from the quarter before.
Was Academy Sports & Outdoors profitable in the second quarter fiscal 2026?
Operating profit was $172M (10.8% of revenue) and net earnings $125M.