Callaway Golf management says margin gains drive 17% rise in Q3 2026 adjusted EBITDA

• Callaway Golf management's third-quarter 2026 earnings commentary reported revenue of $437 million, down 6% year over year.
• Fewer product launches and lower-margin business rationalization weighed on sales; stronger-than-expected product acceptance helped revenue exceed expectations.
• Adjusted EBITDA rose 17% to $36 million, driven by improved gross margins and lower corporate overhead.
• Gross margin expanded 520 basis points to 45%, reflecting margin initiatives and lower tariff rates.
• Management raised full-year 2026 adjusted EBITDA guidance to $272 million–$280 million, reflecting quarterly outperformance and improved sales and margin expectations.

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