Nike Stock (NKE) Slumps After Fiscal Q2 2026 Earnings: China Weakness, Tariff-Driven Margin Pressure, and Updated Wall Street Forecasts
December 19, 2025 — NIKE, Inc. (NYSE: NKE) is at the center of market attention today after its fiscal second-quarter results beat headline estimates but still triggered a sharp selloff in extended trading. The reason is a familiar (and stubborn) mix: China is still sliding, margins are still compressing, and the turnaround is still expensive. Reuters+1 Investors got a quarter that looked like this: “better than feared” on revenue and EPS, “worse than hoped” on profitability and visibility—especially heading into the holiday quarter. Reuters+1 What’s moving Nike stock today Nike shares fell about 10% after the earnings release, even though