Callaway Golf Raises 2026 Outlook After Strong Q3 Results
Callaway Golf beat third-quarter expectations on sales and earnings, prompting the company to lift its full-year 2026 net sales and adjusted EBITDA guidance.
Callaway Golf Company reported third-quarter 2026 results that surpassed analyst expectations on both net sales and adjusted EBITDA, the company announced, while also raising its full-year financial outlook for the second half of the fiscal year.
Gross margins improved sharply during the quarter. GAAP gross margin climbed 1,210 basis points year-over-year, while non-GAAP gross margin expanded 520 basis points over the same period — a signal that the company is generating more profit from each dollar of revenue compared with a year ago.
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The company also highlighted positive momentum in year-to-date operating cash flow from continuing operations, suggesting underlying business fundamentals remain solid heading into the final stretch of the fiscal year. The dual beat on sales and adjusted EBITDA adds credibility to the upgraded full-year guidance.
By raising both its net sales and adjusted EBITDA outlook for all of 2026, Callaway's management signaled confidence that the conditions driving Q3 outperformance — including improved margins — are expected to persist. The golf industry has seen sustained consumer demand in recent years, and Callaway appears positioned to capitalize on that trend through the remainder of the year.
Continue reading at Earnings for the full financial tables and management commentary.
