Abstract

Acushnet Holdings Corp. will release its latest quarterly results on February 26, 2026, Pre-Market; this preview consolidates the most recent quarter’s performance, current-quarter forecasts, and institutional commentary to frame the company’s near-term outlook.

Market Forecast

For the current quarter, Acushnet Holdings Corp.’s revenue estimate is $452.41 million, implying a year-over-year change of -0.53%; the forecast also points to an EBIT estimate of -$9.47 million, with year-over-year growth of 36.81%, and an EPS estimate of -$0.29, with year-over-year growth of 13.32%. The company’s margin setup is projected to reflect typical seasonal pressure, but consensus expects sequential normalization later in the year; gross margin and net margin projections were not explicitly provided in forecasts, though company seasonality suggests lower winter-quarter margins relative to peak selling periods. The main business remains centered on golf equipment, golf sportswear, and Titleist-branded gear, with the golf equipment segment delivering the largest revenue base; the most promising segment is golf equipment, given its scale at $427.60 million last quarter and its outsize sensitivity to new product cycles and fitting demand, while sportswear presents a steady revenue base of $136.49 million.

Last Quarter Review

In the previous quarter, Acushnet Holdings Corp. reported revenue of $657.66 million, a gross profit margin of 48.52%, GAAP net profit attributable to the parent company of $48.51 million, a net profit margin of 7.38%, and adjusted EPS of $0.81, with year-over-year adjusted EPS growth of -8.99%. A notable highlight was EBIT of $92.93 million, which exceeded the estimate by $15.75 million, reflecting operational outperformance versus expectations. The main business mix featured $427.60 million from golf equipment, $136.49 million from golf sportswear, $61.19 million from Titleist golf gear, and $32.38 million from other products, underscoring the continued dominance of the equipment franchise within the portfolio.

Current Quarter Outlook

Golf Equipment Segment

The golf equipment segment is the core revenue driver, and its performance this quarter will be shaped by product cycle timing, channel inventory health, and fitting activity across both on-course and off-course retail. After a strong sell-through in the previous quarter that coincided with seasonally robust demand, the current winter quarter historically exhibits softer sell-in due to retailer restocking constraints and tournament downtime. A revenue forecast of $452.41 million for the company implies moderation versus last quarter, which aligns with typical seasonality and a reduced promotional cadence. Key near-term levers include the pace of new ball and club introductions and the mix of premium offerings, which affect gross margin. If new SKUs see healthy early adoption without heavy discounting, gross margin could stabilize above historical winter-quarter ranges, but any channel inventory build would compress margins and weigh on EBIT.

Golf Sportswear and Accessories

Sportswear and accessories complement the equipment base by diversifying revenue and smoothing seasonality through apparel refresh cycles and lifestyle adoption. The last quarter’s $136.49 million in sportswear revenue provides a sturdy platform, with winter collections stepping in to offset slower equipment momentum. Apparel sell-through depends on regional weather patterns, holiday clearance activity, and the breadth of retail distribution. This quarter, the unit’s performance will be influenced by inventory management, as retailers balance new-season orders with lingering fall/winter stock. A disciplined approach to promotions supports gross margin resilience, while consumer demand for performance fabrics and brand-led collections could lift average selling prices. If channel feedback points to steady foot traffic and fewer markdowns, the segment could provide a margin buffer against equipment-driven volatility.

Stock Price Drivers This Quarter

Three primary factors will likely drive the stock this quarter: the degree of margin compression in a seasonally weaker period, the EPS trajectory relative to the forecasted -$0.29, and the visibility into spring product launches and retailer order books. With EBIT forecast at -$9.47 million and EPS at -$0.29, investors will scrutinize whether the company can manage operating expenses and gross margin to limit the bottom-line softness implied by seasonality. Commentary around channel inventory levels in golf balls and clubs will be pivotal; any signs of elevated inventories could suggest heavier promotions later, pressuring margins and second-quarter profitability. Conversely, clear evidence of balanced inventories and strong pre-book demand for spring launches would support expectations for sequential recovery, making the winter-quarter dip look manageable and transitory.

Analyst Opinions

Institutional views collected over the period show a mix of opinions, with a slight tilt toward cautious stances on the winter quarter due to seasonality and margin risks, while more constructive views emphasize product pipeline health and retailer pre-orders for spring. The prevailing majority sentiment leans cautious: analysts with Neutral or Hold ratings highlight softer quarterly revenue—guided by the $452.41 million estimate—and the risk of negative EBIT translating to a reported EPS loss of approximately -$0.29. These views argue that without clear evidence of tight channel inventories, near-term margin compression may persist. On the supportive side, several institutions note the year-over-year improvement embedded in EBIT and EPS growth metrics for the forecast period—36.81% for EBIT and 13.32% for EPS—suggesting better operational efficiency versus last year’s comparable quarter even if the absolute level remains challenged. The net takeaway is that investors should expect a seasonally soft print, with emphasis on management’s comments about inventory, pricing discipline, and spring order momentum to confirm whether the winter-quarter trough underpins a healthier trajectory into the next selling season.