Nike (NKE) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jun 25, 2026

After Close (Confirmed)

Period Ending

2026 (Q4)

Consensus EPS Forecast

0.11

Last Year’s EPS

0.12

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 24 Analysts Ratings

Earnings Call Summary

Q3 2026

Earnings Call Date:Mar 31, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a mixed but constructive picture: clear operational progress in high-priority areas (notably Running, Football, wholesale momentum in North America, and several innovation wins including NIKE MIND), along with a detailed plan to complete 'Win Now' actions by year-end and a stated path to margin inflection in fiscal 2027. However, meaningful near-term headwinds remain—overall revenue down, digital and Sportswear declines, substantial tariff pressure on margins, a $230M severance charge, EMEA promotional/inventory issues, and a planned large revenue reduction in Greater China in the near term. Management emphasized deliberate, strategic actions that should improve the quality and sustainability of revenue and margins over time, but material near-term impacts balance those positives.

Company Guidance

NIKE guided that revenues over the next nine months (through the end of the calendar year) are expected to be down low single digits year‑over‑year—with modest growth in North America offset by declines in Greater China—and for Q4 FY26 specifically they expect revenues down 2%–4% (Greater China down ~20%), with a ~2‑point FX benefit. They expect sequential gross‑margin improvement (Q4 gross margin down roughly 25–75 bps, including ~250 bps from higher U.S. tariffs) and project gross‑margin expansion beginning in Q2 FY27 as tariff mitigation and transitory Win‑Now impacts recover; earnings are expected to be roughly flat with disciplined SG&A (Q4 SG&A dollars flat to slightly down). Other expense net is expected to be an expense of $15–25 million in Q4, the full‑year tax rate is expected in the low‑20% range, and management expects Q2 FY27 to be the last quarter where tariffs are a material YoY headwind and to complete Win‑Now actions by calendar‑year end (full‑year/long‑term guidance to follow at Investor Day).

NIKE Running Outperformance

NIKE Running grew over 20% in the quarter and drove double-digit growth across multiple regions, cited as the first sport to execute the 'sport offense' and a roadmap for other sports.

Major Innovation Wins (NIKE MIND, AeroFit, Liquid Air)

NIKE MIND sold out across geographies, with more than 2 million consumers signed up for notifications and plans to double production over the next two seasons; company filed over 150 patents. Other innovations launched include AeroFit (200% airflow improvement vs regular Dri-FIT) and a new liquid Air Max platform.

North America Momentum

North America revenue grew 3% in Q3; wholesale grew 11% while NIKE Direct was down 5% and NIKE Digital down 7%. Sell-through improved in February and the geography delivered positive growth in all channels for the first time in two years.

Wholesale and Marketplace Recovery

Wholesale grew 1% company-wide and showed specific strength in North America (11% growth). Management reports improved partner relationships, expanding shelf space and growing order books with key partners (e.g., Dick's, Foot Locker, Shoe Palace).

Profitability Signs in Select Geographies

EBIT increased 7% in EMEA and 11% in Greater China on a reported basis in Q3 despite revenue declines, indicating localized margin management and cost discipline.

Inventory Improvement in Greater China

Greater China inventory dollars declined mid-teens year-over-year and units were down more than 20%; partner inventory also declined double digits, reflecting deliberate sell-in management and marketplace cleanup.

Deliberate 'Win Now' Strategic Progress

Management reiterated completion of Win Now actions by end of calendar year, highlighted targeted removals of unhealthy inventory (creating an intentional ~5-point near-term headwind), new leadership in key regions, and a planned Investor Day to outline long-term trajectory.

Clear Outlook for Margin Inflection

Company expects gross margin expansion beginning in Q2 fiscal 2027 (as tariff mitigation and recovery from transitory Win Now impacts take effect) and expects Q4 to show sequential gross margin improvement.

Nike (DE:NKE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:NKE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jun 25, 2026	2026 (Q4)	0.11 / -	0.121	―	―	―
Mar 31, 2026	2026 (Q3)	0.25 / 0.30	0.468	-35.19% (-0.16)	―
Dec 18, 2025	2026 (Q2)	0.32 / 0.46	0.677	-32.05% (-0.22)	―
Sep 30, 2025	2026 (Q1)	0.24 / 0.43	0.607	-30.00% (-0.18)	―
Jun 26, 2025	2025 (Q4)	0.11 / 0.12	0.876	-86.14% (-0.75)	―
Mar 20, 2025	2025 (Q3)	0.26 / 0.47	0.85	-44.90% (-0.38)	―
Dec 19, 2024	2025 (Q2)	0.58 / 0.68	0.893	-24.27% (-0.22)	―
Oct 01, 2024	2025 (Q1)	0.45 / 0.61	0.815	-25.53% (-0.21)	―
Jun 27, 2024	2024 (Q4)	0.73 / 0.88	0.572	53.03% (+0.30)	―
Mar 21, 2024	2024 (Q3)	0.65 / 0.85	0.685	24.05% (+0.16)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:NKE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 31, 2026	€45.35	€39.16	-13.64%
Dec 18, 2025	€56.51	€50.15	-11.25%
Sep 30, 2025	€58.02	€62.00	+6.86%
Jun 26, 2025	€51.88	€60.72	+17.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.