NIKE Inc (NKE.BA) Q2 2026 Earnings Report

Nike Inc reported QQ2 2026 revenue of $12.427 billion, marking a [YoY +7.23%] and [QoQ +6.03%] increase in a constructive macro environment for premium athletic brands. Gross profit stood at $5.045 billion with a gross margin of approximately 40.6%, while operating income was $1.006 billion, yielding an operating margin near 8.1% (0.0809). Net income was $0.792 billion, translating to a net margin of about 6.37% and an EPS of $0.54. The quarter demonstrates top-line resilience with margin pressure evident in the bottom line, consistent with ongoing input cost dynamics and mix effects. The company generated $579 million in operating cash flow and $386 million in free cash flow, supporting a liquidity profile that remains robust while financing activity reflects measured capital allocation. Balance sheet highlights include cash and short-term investments totaling $8.345 billion and total debt of $11.283 billion, resulting in a net debt position of about $4.309 billion. Management’s capital allocation remained anchored in returning capital to shareholders (dividends of $598 million and modest share repurchases) while maintaining investment in brand and product initiatives. This backdrop positions Nike to sustain a strong DTC/digital trajectory and international expansion, even as near-term profitability faces margin headwinds from commodity and FX pressures.