Nike Stock (NKE) Slides After Fiscal Q2 2026 Earnings: Tariffs, China Weakness, and Updated Wall Street Forecasts (Dec. 19, 2025)
Nike shares fell about 8% Friday after reporting fiscal Q2 results that beat revenue and earnings forecasts but showed gross margin dropping 300 basis points to 40.6% and a 32% plunge in net income to $0.8 billion. Greater China sales fell 17% to $1.42 billion. Management warned margin pressure will persist next quarter.