The Swiss athletic brand reported stronger earnings and margins, prompting an upward revision to its full-year 2026 guidance.
On Holding posted Q2 non-GAAP earnings per share of CHF 0.35 as revenue climbed 13.5% year-over-year to CHF 850.3 million. The company’s adjusted EBITDA surged 23.5% to CHF 168.1 million, with margins expanding to 19.8% from 18.2% in the prior-year period.
The results exceeded expectations, driven by robust demand for its performance footwear and apparel. Comparable growth in the prior quarter saw revenue rise 14.2% and adjusted EBITDA increase 20.1%, reflecting consistent momentum.
Following the release, On Holding updated its full-year 2026 outlook, signaling confidence in sustained growth.