Under Armour, Inc. (UAA) stock — is it a good business?

Under Armour, Inc. (UAA) stock — is it a good business? — InspectStocks

Just reported

Q2 FY2027 results

From Under Armour's results release of November 6, 2026; its quarterly report has since been filed.

Revenue
Actual
$1.24B
-6.9% y/y
+13% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.00
Guided
—
No guide given
Operating income, GAAP
Actual
$14.8M
-13% y/y
-68% q/q
Guided
—
No guide given
Operating income, adjusted: $25M

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

The full earnings report →

How it makes money

North America29%
Europe, Middle East and Africa (EMEA)12%
Asia-Pacific7%
Latin America2%

Shares of revenue are estimates for year ended March 31, 2026, not figures from a filing.

Competes with

NKENIKE
F
Size
$56.9B
Margin
6.7%
ADDYYadidas
PUMSYPUMA
LULUlululemon athletica
C
Size
$11.3B
Margin
12.8%

What it sells4

Performance apparel
Sports and activewear designed for comfort, movement and different weather conditions, including HeatGear for hot conditions and ColdGear for cold conditions.
Footwear
Shoes for running, training, basketball, field sports, outdoor use and casual wear, including styles with HOVR and UA Flow cushioning.
Accessories
Athletic gloves, bags, hats and socks.
Licensed products
Products made and sold by licensees using Under Armour branding, including team uniforms, underwear, youth apparel and selected sports equipment.

Who buys it5

National and regional sporting-goods retailers, department stores, independent shops and specialty retailers that buy products wholesale.
Shoppers who buy through Under Armour's stores and e-commerce website.
Distributors that sell Under Armour products in countries where the company does not sell directly.

Show 2 more

Schools, sports teams, leagues and athletic organizations that buy products for their athletes.
Licensees that pay to use Under Armour's brand on products they develop and sell.

What it stands on, and what could break it

What the business leans on

1Outside manufacturers make substantially all of its products; Under Armour does not have long-term agreements requiring any particular manufacturer to produce them.
2A limited group of approved suppliers provides key fabrics. The five largest supplied about 43% of fabric used in apparel and accessories (Fiscal 2026, high).
3Wholesale retailers and distributors are important routes to market, alongside sales through Under Armour's own stores and website.
4Product costs depend on materials such as synthetic fabrics, cotton, rubber and other commodities, as well as freight, tariffs and other supply-chain costs.

What could go wrong

1Shoppers may spend less on athletic clothing and footwear, or choose other brands, as preferences change and competition or discounting increases.
2Tariffs, higher material and shipping costs, or disruptions at suppliers and contract manufacturers could raise costs or delay products; many products are made outside the United States.
3Retailers may reduce orders or give competing brands more shelf space, affecting sales through a major route to market.

Full financial statements →

About Under Armour, Inc.

Under Armour designs and sells clothing, shoes and accessories for sports, exercise and everyday wear. Retailers and distributors buy its products wholesale; shoppers can also buy them in Under Armour stores and online. Most products are made by outside manufacturers.

Head office: Baltimore, Maryland
Founded: 1996
Employees: approximately 14,100 (March 31, 2026, high)
Listed on: NYSE
Financial year ends: March 31

Built from Under Armour, Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q2 FY2027 results

From Under Armour's results release of November 6, 2026; its quarterly report has since been filed.

Revenue
Actual
$1.24B
-6.9% y/y
+13% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.00
Guided
—
No guide given
Operating income, GAAP
Actual
$14.8M
-13% y/y
-68% q/q
Guided
—
No guide given
Operating income, adjusted: $25M

The full earnings report →

Keep exploring

The themes Under Armour is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Apparel Manufacturing

Graded A or B and worth $2B or more: A first, then the largest.

Grade rose recently in Consumer Discretionary

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

How it makes money

North America29%
Europe, Middle East and Africa (EMEA)12%
Asia-Pacific7%
Latin America2%

Shares of revenue are estimates for year ended March 31, 2026, not figures from a filing.

Competes with

NKENIKE
F
Size
$56.9B
Margin
6.7%
ADDYYadidas
PUMSYPUMA
LULUlululemon athletica
C
Size
$11.3B
Margin
12.8%

What it sells4

Performance apparel
Sports and activewear designed for comfort, movement and different weather conditions, including HeatGear for hot conditions and ColdGear for cold conditions.
Footwear
Shoes for running, training, basketball, field sports, outdoor use and casual wear, including styles with HOVR and UA Flow cushioning.
Accessories
Athletic gloves, bags, hats and socks.
Licensed products
Products made and sold by licensees using Under Armour branding, including team uniforms, underwear, youth apparel and selected sports equipment.

Who buys it5

National and regional sporting-goods retailers, department stores, independent shops and specialty retailers that buy products wholesale.
Shoppers who buy through Under Armour's stores and e-commerce website.
Distributors that sell Under Armour products in countries where the company does not sell directly.

Show 2 more

Schools, sports teams, leagues and athletic organizations that buy products for their athletes.
Licensees that pay to use Under Armour's brand on products they develop and sell.

What it stands on, and what could break it

What the business leans on

1Outside manufacturers make substantially all of its products; Under Armour does not have long-term agreements requiring any particular manufacturer to produce them.
2A limited group of approved suppliers provides key fabrics. The five largest supplied about 43% of fabric used in apparel and accessories (Fiscal 2026, high).
3Wholesale retailers and distributors are important routes to market, alongside sales through Under Armour's own stores and website.
4Product costs depend on materials such as synthetic fabrics, cotton, rubber and other commodities, as well as freight, tariffs and other supply-chain costs.

What could go wrong

1Shoppers may spend less on athletic clothing and footwear, or choose other brands, as preferences change and competition or discounting increases.
2Tariffs, higher material and shipping costs, or disruptions at suppliers and contract manufacturers could raise costs or delay products; many products are made outside the United States.
3Retailers may reduce orders or give competing brands more shelf space, affecting sales through a major route to market.

Full financial statements →

About Under Armour, Inc.

Head office: Baltimore, Maryland
Founded: 1996
Employees: approximately 14,100 (March 31, 2026, high)
Listed on: NYSE
Financial year ends: March 31

Q2 FY2027 results

Revenue

EPS, GAAP

Operating income, GAAP

How it makes money

Competes with

What it sells4

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About Under Armour, Inc.

Q2 FY2027 results

Revenue

EPS, GAAP

Operating income, GAAP

Keep exploring

The theme it is part of

Highest-graded in Apparel Manufacturing

Grade rose recently in Consumer Discretionary

How it makes money

Competes with

What it sells4

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About Under Armour, Inc.

Under Armour, Inc.

Keep exploring

The theme it is part of

Highest-graded in Apparel Manufacturing

Grade rose recently in Consumer Discretionary

Sportswear & fashion brands

Growth & cash — 2 of 5

Business trend

Share price and grade over time

Q2 FY2027 results

Revenue

EPS, GAAP

Operating income, GAAP

How it makes money

Competes with

What it sells4

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About Under Armour, Inc.

Q2 FY2027 results

Revenue

EPS, GAAP

Operating income, GAAP

Keep exploring

The theme it is part of

Highest-graded in Apparel Manufacturing

Grade rose recently in Consumer Discretionary

How it makes money

Competes with

What it sells4

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About Under Armour, Inc.

Under Armour, Inc.

Past performance

Keep exploring

The theme it is part of

Highest-graded in Apparel Manufacturing

Grade rose recently in Consumer Discretionary

Sportswear & fashion brands

Growth & cash — 2 of 5

Business trend

Share price and grade over time