Nike (NKE) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.48
- Estimate
- $0.44
- Surprise
- +9.9%
- Revenue (period 2026-08-31)
- $11.21B
- Score at report (before → after)
- 5.3 → 5.2/10
Revenue source: xbrl.
How the report landed
Nike (NKE) beat the $0.44 estimate with adjusted EPS of $0.48 — a clear 9.9% upside surprise. TrendMatrix's engine moved from Hold (5.3/10) to Sell at 5.2/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NKE Sell at 4.6/10.
4 of the last 4 quarters beat the estimate; this quarter's +9.9% surprise compares with a +135.4% four-quarter average. Next scheduled report: 2026-12-17.
What supports the rating
- Strong earnings beat streak (4/4)
- Positive insider activity
What argues against it
- Concentration risk — Geographic: Vietnam footwear manufacturing (52.0%)
- Concentration risk — Supplier: four footwear contract manufacturers (60.0%)
- Analyst target reached - limited upside remaining
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $38.36
- Stop
- $35.96
Forward estimates sit below the trailing run-rate (23.7× forward vs 18.2× trailing) — consensus expects earnings to decline from here.
Risk check: RSI 88 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-10-22 — shown for context, not personalized investment advice.
NKE at TrendMatrix's latest read
Cyclical consumer names live and die on demand momentum — same-quarter comps and guidance carry more weight than the headline surprise.
- Industry
- Footwear & Accessories
- Market cap
- $55.74B
- P/E (fwd)
- 23.7
- P/E (ttm)
- 18.2
- 52-week range
- $31.97–$70.44
- Off 52-week high
- 45.5%
- RSI (14)
- 88
- Volume vs avg
- 0.37×
- Score today
- 4.6/10