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On Holding AG ( (ONON) ) has provided an announcement.
On Holding AG reported record results for the quarter ended March 31, 2026, with net sales rising 14.5% year-on-year (26.4% in constant currency) to CHF 831.9 million, its first quarter above CHF 800 million. Growth was broad-based across direct-to-consumer and wholesale channels, with especially strong momentum in Asia-Pacific, apparel and lifestyle products, driving gross margin to 64.2% and net income up 82.2% to CHF 103.3 million.
The company also highlighted a leadership transition as founder Caspar Coppetti and David take over as co-CEOs from outgoing CEO and CFO Martin Hoffmann, while new CFO Frank Sluis steps in amid what management described as the strongest financial foundation in the firm’s 16-year history. Supported by robust demand, premium pricing and operational efficiencies despite higher U.S. tariffs, On reiterated its full-year constant-currency sales growth target of at least 23% and raised its outlook for 2026 profitability, signaling continued margin-accretive expansion and confidence in its global growth strategy.
The most recent analyst rating on (ONON) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on On Holding AG stock, see the ONON Stock Forecast page.
Spark’s Take on ONON Stock
According to Spark, TipRanks’ AI Analyst, ONON is a Neutral.
The score is driven by solid underlying financial performance and a strong, margin-supportive 2026 outlook from the latest earnings call, but it is held back by very weak technicals (deep downtrend) and a demanding valuation (high P/E with no dividend support).
To see Spark’s full report on ONON stock, click here.
More about On Holding AG
On Holding AG is a Swiss performance sportswear company best known for its premium running and lifestyle footwear, as well as growing apparel and accessories lines. Listed on the NYSE, the brand targets global performance and lifestyle consumers, with a particular focus on direct-to-consumer and wholesale channels and rapid expansion in key regions such as Asia-Pacific, Europe and the Americas.
Average Trading Volume: 6,517,754
Technical Sentiment Signal: Hold
Current Market Cap: $11.66B
Learn more about ONON stock on TipRanks’ Stock Analysis page.