Under Armour Class A (UAA) shares surged 11.62% during intraday trading following the release of its fiscal third-quarter 2026 results, which significantly exceeded analyst expectations.

The athletic apparel maker reported adjusted earnings per share of $0.09, beating the consensus estimate for a loss of $0.02. Quarterly revenue of $1.33 billion also topped forecasts, declining only 5% compared to an expected 6.3% drop. The company attributed the performance to its ongoing turnaround efforts, which helped stabilize demand during the holiday season.

Furthermore, Under Armour raised its full-year guidance, now expecting adjusted EPS in the range of $0.10 to $0.11, more than doubling its prior target. The company also anticipates a milder revenue decline of approximately 4% for fiscal 2026. CEO Kevin Plank stated that the December quarter marked the most challenging phase of the business reset in North America and expressed encouragement with the progress in reigniting brand momentum, signaling expectations for greater stability ahead.