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Sentiment · FY2026 Q4
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q1 | $11.59B | -10.4% | $0.70 | -25.5% | 45.4% | 10.4% | 9.1% | $274M |
| FY2025 Q2 | $12.35B | -7.7% | $0.78 | -24.3% | 43.6% | 11.2% | 9.4% | $920M |
| FY2025 Q3 | $11.27B | -9.3% | $0.54 | -29.9% | 41.5% | 7.0% | 7.0% | $1.71B |
| FY2025 Q4 | $11.10B | -12.0% | $0.14 | -85.9% | 40.3% | 2.9% | 1.9% | $363M |
| FY2026 Q1 | $11.72B | +1.1% | $0.49 | -30.0% | 42.2% | 7.9% | 6.2% | $15M |
| FY2026 Q2 | $12.43B | +0.6% | $0.54 | -30.8% | 40.6% | 8.1% | 6.4% | $386M |
| FY2026 Q3 | $11.28B | +0.1% | $0.35 | -35.2% | 40.2% | 4.9% | 4.6% | $284M |
| FY2026 Q4 | $10.97B | -1.1% | $0.72 | +414.3% | 49.2% | 11.9% | 9.7% | $1.50B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Nike reported revenue flat on a reported basis with EPS of $0.35, as North America continued growing and a $230 million severance charge reset the cost base while innovation platforms launched with NIKE MIND and AeroFit. Management extended visibility from 90 days to nine months for the first time since the CEO returned, guiding Q4 revenue down 2-4% and flagging a gross margin inflection expected in Q2 FY2027 as tariff impacts began lapping, while Greater China profitability inflected early.
Margin | Revenue Growth | Competitive Dynamics | Geographic Expansion | Product Launch | Demand | Pricing | Guidance Reliability | |
|---|---|---|---|---|---|---|---|---|
| 2025Q2 | 4 | 5 | 2 | 1 | 2 | 1 | ||
| 2025Q3 | 3 | 1 | 1 | 1 | 2 | 1 | 1 | |
| 2025Q4 | 3 | 2 | 1 | 2 | 1 | 1 | 2 | 2 |
| 2026Q1 | 2 | 2 | 1 | 1 | 2 | 1 | ||
| 2026Q2 | 2 | 3 | 1 | 2 | 1 | 2 | ||
| 2026Q3 | 1 | 2 | 2 | 1 | 1 | 2 | 1 | 1 |
| '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | |
|---|---|---|---|---|---|---|
| Margin | 4 | 3 | 3 | 2 | 2 | 1 |
| Revenue Growth | 5 | 1 | 2 | 2 | 3 | 2 |
| Competitive Dynamics | 2 | 1 | 1 | 1 | 1 | 2 |
| Geographic Expansion | 1 | 1 | 2 | 1 | 2 | 1 |
| Product Launch | 2 | 2 | 1 | 1 | 1 | |
| Demand | 1 | 1 | 1 | 2 | 2 | |
| Pricing | 1 | 2 | 1 | 1 | ||
| Guidance Reliability | 2 | 2 | 1 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Matt Boss | JPMorgan | 6 (0%) |
| Lorraine Hutchinson | Bank of America | 6 (33%) |
| Brooke Roach | Goldman Sachs | 5 (0%) |
| Adrienne Yih | Barclays | 4 (25%) |
| Michael Binetti | Evercore ISI | 4 (0%) |
| Ike Boruchow | Wells Fargo | 4 (0%) |
| Jon Komp | Robert W. Baird | 3 (33%) |
| Aneesha Sherman | Bernstein | 3 (0%) |
| Bob Drbul | BTIG | 3 (0%) |
| Alex Straton | Morgan Stanley | 2 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 1 | 6 (0%) |
| Bank of America | 1 | 6 (33%) |
| Goldman Sachs | 1 | 5 (0%) |
| Wells Fargo | 1 |
| 4 (0%) |
| Barclays | 1 | 4 (25%) |
| Evercore ISI | 1 | 4 (0%) |
| Robert W. Baird | 1 | 3 (33%) |
| BTIG | 1 | 3 (0%) |
What NKE and other companies said about each other on FY2026 Q3 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Accenture, Nike and Merck are among the first of nearly 50 customers signing on to use our new model.”
Nike is among the first customers adopting Workday's new Flex Credits consumption pricing model.
“We are building long-term plans with Foot Locker and JD in athletic specialty.”
Nike is building long-term plans with Foot Locker in athletic specialty, a positive read-through for the wholesale relationship.
“Dick's and Academy are leaning in with us to tell more sport performance stories.”
Nike names Academy Sports among wholesale partners leaning in on sport-performance storytelling as its wholesale momentum accelerates.
“Dick's and Academy are leaning in with us to tell more sport performance stories.”
Nike says wholesale partner Dick's Sporting Goods is leaning in to expand sport-performance storytelling, a positive read-through for the Nike-Dick's wholesale relationship.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
NKE NIKE, Inc. | 5 | +0.1% | |
| DECK Deckers Brands | 7 | +9.6% |