On Holding (ONON) Stock: Surges 3% as Q2 Sales Rise and Gross Margin Hits 65.4%
TLDR
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ONON stock drops 14.20% pre-market after closing the previous session 3% higher
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On Holding Q2 sales climb 13.5% as gross margin expands sharply to 65.4% overall
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Direct-to-consumer sales rise 26% as On Holding strengthens its premium growth
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Asia-Pacific sales jump 43.1% while apparel and accessories growth accelerates
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On Holding keeps EBITDA margin guidance at 19.5% to 20% for full-year 2026 outlook
On Holding (ONON) stock closed at $38.78, up 3%, after quarterly results showed higher sales, stronger profit, and wider margins. ONON shares dropped 14.20% to $33.30 in pre-market trading, sharply reversing the stockโs gain from the prior session. The sportswear company expanded revenue across every region, while direct-to-consumer sales and higher-margin operations strengthened its overall quarterly financial performance.
On Holding Q2 Sales Rise Across Regions and Channels
On Holding reported second-quarter net sales of CHF 850.3 million, representing a 13.5% increase from the previous year. On a constant-currency basis, quarterly sales grew 21.6%, highlighting stronger underlying expansion despite unfavorable foreign-exchange effects throughout the reported period. Direct-to-consumer revenue rose 26% to CHF 388.4 million, while wholesale revenue increased 4.8% to CHF 461.9 million during Q2 2026.
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