Stock Track | Callaway Golf Soars 6.97% in Pre-market on Strong Q1 Earnings Beat and Raised Guidance

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Callaway Golf Company's stock surged 6.97% in pre-market trading on Friday, following the release of its first-quarter 2026 financial results that significantly exceeded analyst expectations.

The company reported adjusted earnings per share of $0.56 for the quarter ended March 31, beating the mean analyst estimate of $0.43. Adjusted EBITDA came in at $163.7 million, well above the IBES estimate of $116.4 million, while revenue reached $687.5 million with strong growth across both golf equipment and apparel segments.

Investors responded positively to the company's raised full-year outlook, with Callaway increasing its 2026 net sales guidance to $2.015-$2.070 billion and Adjusted EBITDA forecast to $211-$233 million. Additional positive factors included the repurchase of $79 million in shares and settlement of $258 million in convertible notes, leaving the company in a net cash position.

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