Callaway Golf Company (CALY)
NYSE:CALY
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.33Last Year’s EPS
0.24Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational performance in Q1 with notable top-line growth (+9%), significant adjusted EBITDA expansion (+31%), meaningful gross margin improvement (+260 bps), record green-grass ball share gains, improved liquidity and active capital return through buybacks and debt repayment. Management raised full-year revenue and EBITDA guidance and lowered tariff expense expectations, reflecting confidence in near-term demand and structural margin progress. Offsetting these positives are ongoing tariff uncertainty, rising commodity/petrochemical cost pressures, and deliberate strategic actions (product launch shifts and SKU rationalization) expected to depress the back half of the year. While some margin benefits included one-time items and timing effects, the overall narrative emphasized sustained improvement and a disciplined path to higher profitability and shareholder returns.Company Guidance
Revenue Growth
Consolidated revenue of $688 million in Q1 2026, up 9% year-over-year, driven by strong demand for 2026 product lines and better-than-expected supply chain execution.
Adjusted EBITDA Expansion
Adjusted EBITDA from continuing operations of $164 million, up 31% year-over-year, with margin flow-through from higher sales and operational improvements.
Gross Margin Improvement
Gross margin increased 260 basis points to 47.7% in Q1, attributed to margin initiatives, select price increases, cost reductions and favorable channel/mix dynamics.
Segment Strength — Golf Equipment and Soft Goods
Golf Equipment net sales increased ~10% year-over-year; Soft Goods net sales increased ~8%, led by TravisMathew's direct-to-consumer growth.
Market Share and Product Momentum
Callaway holds #2 U.S. market share in clubs and balls; new Quantum family of woods/irons and Chrome Tour ball lineup received strong consumer and trade response; U.S. golf ball green-grass share reached a record 23.9% in March, up 350 basis points year-over-year.
Balance Sheet and Liquidity Improvements
Returned to a net cash position (outstanding debt $474M, cash $500M) and total liquidity of $996M, up $224M year-over-year; repaid $1.0B term debt earlier in the year and settled $258M of convertible notes in cash.
Capital Return Initiatives
Initiated share repurchases under a $200M program, buying back $79M of common stock in first 4 months (including ~$75M open market), with $125M remaining on the repurchase authorization.
Guidance Raised
Full-year 2026 net sales guidance increased to $2.015B–$2.070B (midpoint up ~ $28M) and adjusted EBITDA guidance raised to $211M–$233M (midpoint up ~$40M); gross tariff expense outlook reduced to ~$50M from $75M, and full-year gross margin now expected to be up year-over-year (revised from flat).
CALY Earnings History
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
CALY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $14.77 | $17.52 | +18.62% |
Feb 12, 2026 | $14.82 | $12.59 | -15.05% |
Nov 06, 2025 | $9.27 | $10.60 | +14.35% |
Aug 06, 2025 | $8.79 | $9.56 | +8.76% |
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.
FAQ
When does Callaway Golf Company (CALY) report earnings?
Callaway Golf Company (CALY) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Callaway Golf Company (CALY) earnings time?
Callaway Golf Company (CALY) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CALY EPS forecast?
CALY EPS forecast for the fiscal quarter 2026 (Q2) is 0.33.