Nike CEO says its comeback plan is taking longer than expected, sending shares tumbling more than 8%

Nike reported Q3 2026 revenue of $11.3 billion, essentially flat year-over-year, and shares dropped over 8% after the close. Running was the primary growth driver, highlighting continued strength in performance wear despite a flat top line. The large after-hours share decline signals investor disappointment and potential concerns about demand momentum in other categories.

Analysis

Nike reported Q3 2026 revenue of $11.3 billion, essentially flat year-over-year, and shares dropped over 8% after the close. Running was the primary growth driver, highlighting continued strength in performance wear despite a flat top line. The large after-hours share decline signals investor disappointment and potential concerns about demand momentum in other categories.