Observed Signal · Aug 11, 2026 · Earnings Report · Source: Retail-News · Impact: 4/5 · Sentiment: Positive
Financials Market: On boosts revenue and margins in Q2 2026
Swiss sportswear maker On continued growth in Q2 2026 and improved profitability. Reported revenue rose 13.5% year-on-year to CHF 850.3m (FX-adjusted +21.6%). Direct-to-consumer (DTC) sales increased 26.0% to CHF 388.4m (FX-adjusted +34.3%), reaching a 45.7% share of total sales. Asia-Pacific led regional growth (+43.1% to CHF 170.5m; FX-adjusted +54.7%). Gross profit rose 20.6% to CHF 555.7m and gross margin expanded 3.9 percentage points to 65.4%. Adjusted EBITDA increased 23.5% to CHF 168.1m (margin 19.8%), and net profit was CHF 105m versus a CHF 40.9m loss a year earlier. For the first half, revenue was CHF 1.682bn (up 14.0%; FX-adjusted +24.0%). On raised its full-year gross margin target to at least 65.0% and reiterated an adjusted EBITDA margin guidance of 19.5–20.0%.
Public Q2 and H1 financial results show stronger revenue, margin expansion, and a return to net profit; guidance raises and DTC growth affect retail, DTC strategy and competitive positioning in sportswear.
Wichtigste Kernpunkte & Evidenz
- On reported Q2 2026 revenue of CHF 850.3 million, up 13.5% year-on-year (FX-adjusted +21.6%).
- Direct-to-consumer revenue grew 26.0% to CHF 388.4 million and reached a 45.7% share of total sales in Q2.
- Asia-Pacific revenue increased 43.1% to CHF 170.5 million (FX-adjusted +54.7%).
- Gross margin rose 3.9 percentage points to 65.4% in Q2 2026; gross profit was CHF 555.7 million.
- Adjusted EBITDA grew 23.5% to CHF 168.1 million (margin 19.8%); net profit was CHF 105 million versus a CHF 40.9 million loss in the prior-year quarter.
Verknüpfte Unternehmen
3 verknüpfte UnternehmenRETAIL-NEWS.de
B2B-Fachmedium und News-Plattform für den Einzelhandel und E-Commerce im deutschsprachigen Raum.
“Article published by the Retail-News editorial team (by Retail-News Redaktion)....”
On
Advertiser / Brand (Buys Ads)On ist eine börsennotierte Schweizer Performance-Sportmarke, die Premium-Laufschuhe, Bekleidung und Accessoires herstellt und vermarktet.
“The Swiss sportswear manufacturer On continued its growth in the second quarter of 2026 and increased profitability....”
Amazon
Globale Commerce-, Cloud-, Advertising- und Abonnement-Plattform.
“Promotional/book link in the article: 'Now discover on Amazon' (Jetzt bei Amazon entdecken)....”
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