Nike Stock (NKE) Outlook: Earnings Beat, Margin Shock, China Reset — Latest News and Forecasts as of Dec. 20, 2025
Nike shares fell 10.5% to $58.71 after the company warned of further margin pressure and weak sales in Greater China, despite beating earnings estimates. Fiscal Q2 revenue rose 1% to $12.4 billion, but net income dropped 32% to $792 million. Nike expects gross margins to fall another 175–225 basis points and Q3 revenue to decline in the low-single digits.