NIKE(US:NKE) Ge Long Hui·2025-12-21 02:21Core Viewpoint - Nike (NKE.US) experienced a significant drop of over 10% in early trading, reaching $58.72, marking its largest decline since April. This reaction follows the release of its Q2 FY2026 earnings report, which showed mixed results despite some figures exceeding market expectations [1]. Financial Performance - Nike reported net sales of $12.43 billion for Q2 FY2026, reflecting a year-over-year growth of 1%, surpassing market expectations of $12.22 billion [1]. - The company's net profit decreased by 32% to $792 million, with earnings per share at $0.53, which also exceeded the market forecast of $0.38 [1]. - The gross margin declined by 3% to 40.6%, primarily due to increased tariffs in the North American region [1]. Regional Performance - Revenue from Greater China fell by 17% year-over-year to $1.7 billion, with a substantial 49% drop in earnings before interest and taxes (EBIT) [1].