On Holding (ONON) Q1 2026 Revenue Beats Estimates at $1.07B
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowOn Holding (ONON) reported Q1 2026 revenue of $1.07 billion, exceeding estimates by 22%, with a gross margin of 64% and a 44% year-over-year increase in Asia-Pacific revenue. However, the company absorbed $70.43 million in tariffs during the quarter, prompting KeyBanc to reduce its price target from $58 to $43 while maintaining an Overweight rating. Despite tariff pressures, KeyBanc views ONON's 23%-plus growth guidance as achievable. The stock closed at $33.83 on May 12, down approximately 27% year-to-date.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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