Filing Flows › Academy Sports & Outdoors (ASO) › Q2 FY27
Academy Sports & Outdoors (ASO) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 9, 2026
Academy Sports & Outdoors (ASO) reported revenue of $1.6B for the second quarter fiscal 2027 (Q2 FY27), +3% from a year earlier and +14% from the quarter before. Operating margin was 15.0%, net earnings $138M (8.4% of revenue).
Academy Sports & Outdoors, Q2 FY27: revenue $1.6B (+3% year over year), operating margin 15.0%, net earnings $138M, operating cash flow $188M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +14% | +3% |
| Gross profit | $666M | +39% | +15% |
| Operating profit | $246M | +230% | +43% |
| Net earnings | $138M | +162% | +10% |
| Operating cash flow | $188M | +17% | +140% |
| Free cash flow | $116M | — | +435% |
What changed
Revenue was $1.6B in Q2 FY27, up 3% year over year and up 14% from the previous quarter. Outdoors was the largest line at 28% of revenue. Sports and recreation added $0.02B year over year (up 6%), 49% of the total change. Footwear declined 1%.
Gross margin was 40.4%, up 4.4 points from Q2 FY26. Operating profit was $0.25B, a 15.0% margin (up 4.2 points year over year). Of the extra revenue versus Q2 FY26, 156% reached operating profit, above the 11% margin then. Operating expenses grew 4% against revenue growth of 3%. Net earnings were $0.14B, up 10% year over year. The effective tax rate was 22.7%.
Operating cash flow was $0.19B (up 140% year over year), 137% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.01B. After net cash used in investing activities ($0.07B), adjusted free cash flow as the company reports it was $0.12B.
Questions
What was Academy Sports & Outdoors' revenue in the second quarter fiscal 2027?
Academy Sports & Outdoors (ASO) reported revenue of $1.6B for the second quarter fiscal 2027 (Q2 FY27), +3% from a year earlier and +14% from the quarter before.
Was Academy Sports & Outdoors profitable in the second quarter fiscal 2027?
Operating profit was $246M (15.0% of revenue) and net earnings $138M.