Nike Stock Skyrockets After Earnings Beat – Experts Weigh In
Nike reported Q1 FY2026 revenue of $11.72 billion, up 1% year-over-year, and earnings per share of $0.49, both beating analyst expectations. Gross margin slipped to 42.2%. Wholesale sales rose 7% to $6.8 billion, while direct sales fell 4% to $4.5 billion. Shares rose about 1–2% after the release.