Nike fell more than 10% to $59 in the premarket. According to the news, Nike announced results for the second quarter of fiscal year 2026. Net sales were US$12.43 billion, up 1% year on year, exceeding market expectations of US$12.22 billion; net profit fell 32% year on year to US$792 million, with earnings per share of 53 cents, which also exceeded market expectations of 38 cents; gross margin fell 3% to 40.6%, mainly due to rising tariffs in North America. During the period, revenue in Greater China fell 17% year over year to US$1.7 billion, and profit before interest and tax fell sharply by 49%.

Nike fell more than 10% to $59 in the premarket. According to the news, Nike announced results for the second quarter of fiscal year 2026. Net sales were US$12.43 billion, up 1% year on year, exceeding market expectations of US$12.22 billion; net profit fell 32% year on year to US$792 million, with earnings per share of 53 cents, which also exceeded market expectations of 38 cents; gross margin fell 3% to 40.6%, mainly due to rising tariffs in North America. During the period, revenue in Greater China fell 17% year over year to US$1.7 billion, and profit before interest and tax fell sharply by 49%.