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Callaway Golf rated 'strong buy' after Q2 revenue and profit surge, with raised 2026 guidance.

Company Fundamentals
28 Aug 2026, 14:52 WIB
Seeking Alpha
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Bullish
Callaway Golf rated 'strong buy' after Q2 revenue and profit surge, with raised 2026 guidance.

Callaway Golf Company (CALY) is rated a 'strong buy' due to its attractive valuation, strong balance sheet, and growth after divesting Topgolf. In Q2, revenue rose to $612.2 million, net income jumped to $75.8 million, and EBITDA expanded to $124.9 million, driven by gains in golf equipment and golf ball market share. Management raised 2026 revenue guidance to $2.045–$2.07 billion and EBITDA to $246–$260 million, citing product innovation, margin expansion, and cost savings. Despite some recent PR issues, CALY's valuation remains appealing with a net cash position of $227.5 million and multiples below competitor Acushnet Holdings.

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