EarningsQ2 2026 Earnings Report
MX:GOLF1 Q2 2026 EPS Results
Actual EPS$37.81
Consensus EPS$29.63
Beat/MissBeat by +$8.18
One Year Ago EPS$22.72
MX:GOLF1 Q2 2026 Revenue Results
Actual Revenue$14.91B
Expected Revenue$14.33B
Beat/MissBeat by +$576.39M
YoY Revenue Growth+13.81%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:GOLF1 Upcoming Earnings
Acushnet Holdings's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:GOLF1 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum in the first half—driven by successful product launches (GTS metals), broad regional revenue gains, margin expansion and improved cash flow and leverage. Results were aided by non-recurring IEEPA tariff refunds, and management highlighted ongoing investments (capacity, ERP) and higher operating costs. Guidance was raised for the full year but management warned of tougher second-half comparisons due to launch timing shifts and persistent cost pressures, and wearables weakness in parts of Asia represents a drag. Overall, positives (organic growth, margin gains, balance sheet strength, and successful launches) meaningfully outweigh the transitory and manageable negatives (one-time refund effects, timing headwinds, input cost volatility and regional softness).Company Guidance
Strong Revenue Growth
Q2 net sales of $820M, up 14% YoY; first half net sales $1.57B, up 10% YoY. Company raised full-year sales guidance to $2.65B–$2.675B (≈+4.1% at midpoint) with constant-currency sales growth expected +3.4% to +4.3%.
Adjusted EBITDA and Margin Expansion
Q2 adjusted EBITDA of $209M (increase of $66M YoY; management cited a 46% increase), first half adjusted EBITDA $353M (+25% YoY). Q2 gross margin 54.4% (up ~520 bps YoY); first half gross margin 50.9% (up ~230 bps YoY).
Product Launch Success & Equipment Momentum
Titleist Golf Equipment grew 14% in the first half. Golf Club sales led: +43% in Q2 and +24% for the half driven by the accelerated GTS metals launch. Titleist golf balls revenue up 6% for the half. Titleist balls recorded 22 PGA Tour wins (18 more than nearest competitor).
Broad Regional Growth
All regions grew on a constant-currency basis in Q2: U.S. +15%, EMEA +12%, Japan +31%, Korea +7%, Rest of World +15%. Rounds of play projected up low single digits overall, with U.S. rounds up ~4% year-to-date.
Tariff Refunds, Strong Cash Flow and Balance Sheet
Q2 IEEPA tariff refunds provided approximately $38M benefit to adjusted EBITDA (net of incentive comp); full-year net refund benefit expected to be ~$30M. Net leverage improved to slightly below 2x (vs 2.3x in Q1), inventories flat YoY, operating cash flow up $76M for the first half, and $57M returned to shareholders YTD ($31M dividends, $26M repurchases).
Investments to Support Future Growth
First half capex $37M (up $12M YoY) to expand golf ball manufacturing and club assembly capacity; ongoing investments in customization, automation and a new cloud-based ERP. Company expects free cash flow conversion of roughly 40%–50% of adjusted EBITDA for the year.
MX:GOLF1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed