NIKE, Inc. Stock (NYSE: NKE) News Today: Q2 FY2026 Earnings Beat, But Tariffs and China Headwinds Sink Shares (Dec. 20, 2025)
Nike shares fell 10.5% to $58.71 Friday despite beating earnings estimates, following a weak outlook and margin pressure from tariffs. Q2 revenue rose 1% to $12.4 billion, but net income dropped 32% to $800 million. Gross margin slid 300 basis points to 40.6%. Investors remain concerned about China sales and a 30% drop in Converse revenue.