Nike Stock (NKE) Slides After Fiscal Q2 2026 Earnings: Tariffs, China Weakness, Analyst Price Targets and the 2026 Outlook
Nike shares fell 10.5% to $58.71 on Dec. 20, 2025, after fiscal Q2 results showed net income down 32% and gross margin dropping to 40.6%. Revenue rose 1% to $12.43 billion, but China sales slid 17% for a sixth straight quarter. Tariff-driven costs and weak China demand weighed on the outlook.