Filing Flows › Under Armour (UAA) › Q2 FY26
Under Armour (UAA) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 6, 2025
Under Armour (UAA) reported revenue of $1.3B for the second quarter fiscal 2026 (Q2 FY26), -5% from a year earlier and +18% from the quarter before. Operating margin was 1.3%, net loss $18.8M (1.4% of revenue).
Under Armour, Q2 FY26: revenue $1.3B (-5% year over year), operating margin 1.3%, net loss $18.8M, operating cash flow −$69.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +18% | -5% |
| Operating profit | $17.0M | +413% | — |
| Net earnings | −$18.8M | — | — |
| Operating cash flow | −$69.8M | -243% | — |
What changed
Revenue was $1.3B in Q2 FY26, down 5% year over year and up 18% from the previous quarter.
Gross margin was 47.3%, down 2.5 points from a year earlier. Operating profit was $0.02B, a 1.3% margin (down 11.1 points year over year). Operating expenses grew 17% against a revenue fall of 5%. The fastest-growing cost line was Other operating costs (+893%). The quarter ended with a net loss of $0.02B, wider than the previous quarter's $2.6M loss. Net interest and other expense of $0.01B was the main reason.
Operating cash flow was −$0.07B. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.09B.
Questions
What was Under Armour's revenue in the second quarter fiscal 2026?
Under Armour (UAA) reported revenue of $1.3B for the second quarter fiscal 2026 (Q2 FY26), -5% from a year earlier and +18% from the quarter before.
Was Under Armour profitable in the second quarter fiscal 2026?
Operating profit was $17.0M (1.3% of revenue) and net loss $18.8M.
Source: Under Armour 10-Q on SEC EDGAR.