Filing Flows › Callaway Golf (CALY) › Q2 2026
Callaway Golf (CALY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Callaway Golf (CALY) reported revenue of $612M for the second quarter 2026 (Q2 2026), +2% from a year earlier and -11% from the quarter before. Operating margin was 18.8%, net earnings $75.2M (12.3% of revenue).
Callaway Golf, Q2 2026: revenue $612M (+2% year over year), operating margin 18.8%, net earnings $75.2M, operating cash flow $250M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $612M | -11% | +2% |
| Gross profit | $307M | -6% | +16% |
| Operating profit | $115M | -17% | +55% |
| Net earnings | $75.2M | -19% | +270% |
| Operating cash flow | $250M | — | +97% |
| Free cash flow | $238M | — | +101% |
What changed
Revenue was $612.2M in Q2 2026, up 2% year over year and down 11% from the previous quarter. Golf Equipment was the largest line at 70% of revenue. Golf Equipment added $18.5M year over year (up 4%), 157% of the total change. Apparel, Gear and Other declined 4%.
Gross margin was 50.1%, up 6.2 points from Q2 2025. Operating profit was $114.8M, a 18.8% margin (up 6.4 points year over year). Of the extra revenue versus Q2 2025, 343% reached operating profit, above the 12% margin then. Operating expenses grew 1% against revenue growth of 2%. Net earnings were $75.2M, up 270% year over year. The effective tax rate was 31.6%.
Operating cash flow was $249.5M (up 97% year over year), 332% of net earnings. Non-cash charges added back $9.5M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $158.8M. Capital expenditures of $11.4M left free cash flow of $238.1M.
Questions
What was Callaway Golf's revenue in the second quarter 2026?
Callaway Golf (CALY) reported revenue of $612M for the second quarter 2026 (Q2 2026), +2% from a year earlier and -11% from the quarter before.
Was Callaway Golf profitable in the second quarter 2026?
Operating profit was $115M (18.8% of revenue) and net earnings $75.2M.
Source: Callaway Golf 10-Q on SEC EDGAR.