Acushnet Holdings (GOLF) Q3 FY2026 earnings: revenue $649 million, down 1.3% on the year

Acushnet Holdings Corp. (GOLF) reported revenue of $649 million for Q3 FY2026, the quarter ended 30 September 2026, down 1.3% on the same quarter a year earlier. Net income was $49 million, up 1.4% on the year, and diluted earnings per share $0.83. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$649 million

-1.3% on the year · -20.8% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

12.4%

14.1% a year earlier

Q4 FY2024Q3 FY2026

Net income

$49 million

+1.4% on the year · -60.6% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.83

+2.5% on the year · -60.1% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 lowered, 1 narrowed, 1 kept.

Third-quarter sales slightly lower: Net sales were $649.2 million, down 1.3% (down 0.6% in constant currency), with lower FootJoy golf wear and Golf gear sales partly offset by Titleist golf equipment.
Nine-month sales up 6.8%: Year-to-date net sales were $2,222.2 million, up 6.8% (up 6.3% in constant currency), largely from higher Titleist golf equipment sales in golf clubs and golf balls.
Third-quarter Adjusted EBITDA down: Third-quarter Adjusted EBITDA was $114.7 million, down 3.3%, while net income attributable to Acushnet Holdings Corp. rose 1.4% to $49.2 million.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	649	820	658	-20.8%	-1.3%
Cost of revenue	327	374	339	-12.5%	-3.3%
Gross profit	322	446	319	-27.8%	+0.9%
Gross margin	49.6%	54.4%	48.5%
Research and development	19.4	20.8	18.6	-6.4%	+4.4%
Selling, general and administrative	217	246	205	-11.8%	+6.0%
Operating income	80.3	177	92.9	-54.5%	-13.5%
Operating margin	12.4%	21.5%	14.1%
Interest expense	11.8	12.3	14.5	-4.1%	-18.7%
Pre-tax income	67.4	164	76.7	-58.9%	-12.1%
Income tax	17.2	38.7	28.6	-55.6%	-40.0%
Effective tax rate	25.5%	23.6%	37.3%
Net income	49.2	125	48.5	-60.6%	+1.4%
Net margin	7.6%	15.2%	7.4%
Diluted EPS	$0.83	$2.08	$0.81	-60.1%	+2.5%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	211	251	163	-15.8%	+29.7%
Capital expenditure	20.1	18.1	26.2	+11.1%	-23.3%
Free cash flow	191	233	137	-17.9%	+39.8%
Free cash flow margin	29.5%	28.4%	20.8%
Cash from investing	-20.1	-18.1	-25.6
Cash from financing	-153	-216	-108
Depreciation and amortisation	15.9	13.4	13.0	+19.1%	+22.5%
Share-based compensation	7.9	10.5	8.5	-24.2%	-6.7%
Buybacks	55.4	16.0	62.5	+245.6%	-11.4%
Dividends paid	14.6	14.9	13.8	-2.0%	+5.8%
Dividend per share	$0.26	$0.26	$0.23	0.0%	+8.5%
Diluted shares, weighted	59m	60m	60m	-0.7%	-1.1%
Shares outstanding at period end	57m	58m	59m	-2.1%	-2.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	867	924	852	-6.2%	+1.7%
Non-controlling interest	2.3	0.8	0.0	+202.1%
Redeemable equity	1.2	1.2	4.5	-1.5%	-74.4%
Debt	877	960	902	-8.7%	-2.8%
Other liabilities	807	690	595	+16.9%	+35.5%
Total liabilities and equity	2,553	2,576	2,354	-0.9%	+8.5%
Goodwill	224	222	225	+0.9%	-0.4%
Intangible assets	502	507	514	-1.0%	-2.3%
Cash and equivalents	108	67.9	89.5	+59.1%	+20.8%
Receivables	359	489	363	-26.7%	-1.2%
Inventory	572	532	514	+7.6%	+11.4%
Other assets	788	758	649	+4.0%	+21.5%
Total assets	2,553	2,576	2,354	-0.9%	+8.5%

Questions

What was Acushnet Holdings' revenue in Q3 FY2026?

Acushnet Holdings (GOLF) reported revenue of $649 million for Q3 FY2026, the quarter ended 30 September 2026, down 1.3% on the same quarter a year earlier.

How much did Acushnet Holdings earn in Q3 FY2026?

Net income for Q3 FY2026 was $49 million, up 1.4% on the year, and diluted earnings per share $0.83.

When did Acushnet Holdings report Q3 FY2026 results?

Acushnet Holdings filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 * †	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	421	606	659	558	447	686	689	593	413	708	684	621	445	703	720	658	477	753	820	649
Cost of revenue	216	289	315	263	224	321	321	285	203	365	350	316	237	366	366	339	267	398	374	327
Gross profit	204	317	344	295	224	366	369	309	210	342	333	304	208	337	354	319	211	355	446	322
Gross margin	49%	52%	52%	53%	50%	53%	53%	52%	51%	48%	49%	49%	47%	48%	49%	49%	44%	47%	54%	50%
R&D	15.4	14.0	13.9	14.6	13.9	14.5	16.5	16.2	17.6	16.5	16.1	18.9	16.3	18.9	18.9	18.6	20.1	19.2	20.8	19.4
SG&A	209	196	239	202	196	223	242	210	213	201	208	200	193	200	222	205	206	214	246	217
Operating income	-21.9	105	88.5	76.0	11.6	125	106	78.6	-24.7	121	106	82.1	-5.2	115	110	92.9	-17.9	120	177	80.3
Operating margin	-5%	17%	13%	14%	3%	18%	15%	13%	-6%	17%	16%	13%	-1%	16%	15%	14%	-4%	16%	22%	12%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	10.9	9.4	n/a	13.1	14.1	13.2	12.3	13.8	15.2	14.5	14.8	13.1	12.3	11.8
Pre-tax income	-24.1	103	84.3	69.1	3.2	114	95.1	68.3	-36.2	108	91.4	68.5	-18.1	121	93.7	76.7	-51.4	105	164	67.4
Tax rate	n/a	20%	19%	23%	48%	18%	22%	16%	n/a	22%	23%	19%	n/a	18%	20%	37%	n/a	23%	24%	26%
Net income	-26.4	81.0	66.5	51.8	-0.1	93.3	74.7	57.3	-26.8	87.8	71.4	56.2	-1.1	99.4	75.6	48.5	-34.9	81.4	125	49.2
Net margin	-6%	13%	10%	9%	-0%	14%	11%	10%	-6%	12%	10%	9%	-0%	14%	10%	7%	-7%	11%	15%	8%
Diluted EPS	-$0.35	$1.10	$0.91	$0.72	$0.02	$1.36	$1.09	$0.85	-$0.41	$1.35	$1.11	$0.89	-$0.02	$1.62	$1.25	$0.81	-$0.58	$1.36	$2.08	$0.83
Operating cash flow	34.0	-164	73.4	31.6	-8.7	-86.4	206	177	74.9	-110	212	144	-1.1	-120	152	163	-0.3	-144	251	211
Capital expenditure	18.4	11.7	8.8	13.2	27.7	11.7	15.5	15.2	32.9	7.3	14.8	20.4	32.1	11.3	13.9	26.2	23.0	19.2	18.1	20.1
Free cash flow	15.6	-176	64.6	18.4	-36.5	-98.1	191	162	42.0	-117	197	124	-33.2	-132	138	137	-23.3	-163	233	191
Buybacks	35.4	59.1	37.5	41.6	51.0	116	21.9	66.6	129	33.3	38.9	70.1	30.5	35.7	89.3	62.5	24.0	10.0	16.0	55.4
Dividends paid	12.1	14.0	12.9	12.8	12.6	14.3	13.1	12.7	12.4	14.6	13.4	13.2	13.0	14.8	13.8	13.8	13.7	15.9	14.9	14.6
Shares outstanding	72m	72m	71m	70m	67m	67m	67m	65m	63m	63m	62m	61m	60m	59m	59m	59m	59m	59m	58m	57m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.