On Holding beats Q1 2026 earnings and revenue estimates, with strong growth and a 24% upside potential.

On Holding reported strong Q1 2026 financial results, surpassing analyst expectations with earnings of $0.47 per share versus an estimated $0.35, and revenue of $1.06 billion up from $808.1 million last year. Despite Evercore ISI lowering its price target from $45 to $42, the stock still shows a potential upside of over 24% from its current price of around $33.84. The company’s growth is driven by its premium product strategy and expanding global market presence, marking its fourth consecutive quarter exceeding revenue estimates. This strong start to the year highlights On Holding's continued momentum in the competitive sportswear market.