Filing Flows › Callaway Golf (CALY) › Q3 2026
Callaway Golf (CALY) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Callaway Golf (CALY) reported revenue of $437M for the third quarter 2026 (Q3 2026), -6% from a year earlier and -29% from the quarter before. Operating margin was 10.2%, net earnings $45.7M (10.5% of revenue).
Callaway Golf, Q3 2026: revenue $437M (-6% year over year), operating margin 10.2%, net earnings $45.7M, operating cash flow $192M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $437M | -29% | -6% |
| Gross profit | $227M | -26% | +23% |
| Operating profit | $44.7M | -61% | +831% |
| Net earnings | $45.7M | -39% | — |
| Operating cash flow | $192M | -23% | -16% |
| Free cash flow | $181M | -24% | -18% |
What changed
Revenue was $436.9M in Q3 2026, down 6% year over year and down 29% from the previous quarter. Golf Equipment was the largest line at 64% of revenue. Golf Equipment lost $24.0M year over year (down 8%), 93% of the total change.
Gross margin was 51.9%, up 12.0 points from Q3 2025. Operating profit was $44.7M, a 10.2% margin (up 9.2 points year over year). Operating expenses grew 1% against a revenue fall of 6%. Net earnings were $45.7M. The effective tax rate was -0.7%.
Operating cash flow was $191.9M (down 16% year over year), 420% of net earnings. Non-cash charges added back $10.6M of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items added $130.1M. Capital expenditures of $11.1M left free cash flow of $180.8M.
Questions
What was Callaway Golf's revenue in the third quarter 2026?
Callaway Golf (CALY) reported revenue of $437M for the third quarter 2026 (Q3 2026), -6% from a year earlier and -29% from the quarter before.
Was Callaway Golf profitable in the third quarter 2026?
Operating profit was $44.7M (10.2% of revenue) and net earnings $45.7M.
Source: Callaway Golf 10-Q on SEC EDGAR.