GPRO

This article first appeared on GuruFocus. Subscriber Attach Rate: Record 69% in Q2, compared to 54% in the same period last year. Subscriber Retention: 67%, consistent with previous performance. Release Date: August 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Launched the Mission 1 series, which has received multiple Editors' Choice Awards and strong recommendations from major tech outlets. Record subscriber attach rate of 69% in Q2, up from 54% in the same period last year, indicating strong customer engagement. Expanded product lineup with new special editions and accessories, including the Mission One Pro Creator Edition and Ultimate Creator Edition, catering to professional creators. Upcoming Mission One Pro ILS camera supports over 300 micro 4/3 lenses, generating significant industry excitement and potentially expanding GoPro's market share in prosumer and pro markets. Development of the tech-enabled motorcycle helmet with AGV remains on track, having achieved 22.06 safety standard compliance, positioning GoPro for entry into a new market. The company is undergoing a strategic review process to evaluate a potential sale, indicating uncertainty about its future direction. No forward-looking guidance was provided due to the strategic review, leaving investors without clarity on future financial performance. Sell-through has not yet returned to positive territory, and the company acknowledges that driving awareness is critical to improving sales. The new Mission 1 series cameras have not yet achieved full global distribution, limiting their market reach. The strategic review process may distract management from core operations and create uncertainty among customers and investors. Warning! GuruFocus has detected 6 Warning Signs with GPRO. Is GPRO fairly valued? Test your thesis with our free DCF calculator. Q: What will it take to get sell-through back into positive territory now that you have the broadest camera lineup in GoPro history, and what is the biggest impediment to that? A: Nicholas Woodman, CEO, emphasized that driving awareness is critical now that the most compelling products in company history have been launched. He highlighted the positive swell of support from rave reviews and customer endorsements via socially shared content. The upcoming Mission One Pro ILS, launching in September, has generated enormous enthusiasm and has the potential to expand GoPro's share in the prosumer and pro markets by attracting creators who previously didn't consider GoPro. Additionally, the company is still rolling out products globally and doesn't yet have full distribution in all retailers, which will also help drive sell-through. Q: Can you provide any commentary on how to think about margins or sell-through for the second half of the year, given the new camera launches? A: Nicholas Woodman, CEO, declined to provide additional color or forward-looking guidance, citing the ongoing strategic review process. He stated that the company cannot add extra commentary on top of their prepared remarks due to this process. Q: Can you provide an update on the strategic review process and the potential sale of the company? A: Nicholas Woodman, CEO, confirmed that the Board of Directors authorized a process to evaluate a potential sale and other strategic alternatives in May. He noted that inquiries have been received from the defense, consumer, and financial sectors, and the process is in its later stages. He reiterated that the process has his full support. Q: What are the key highlights of the new Mission 1 series launch and its reception? A: Nicholas Woodman, CEO, detailed the launch of the Mission 1 series, which began shipping in May. The lineup includes the Mission 1 Pro and Mission 1 cameras, with pricing starting at $499 for subscribers. The cameras have received multiple Editors' Choice Awards and strong recommendations from major tech outlets. The company also expanded the lineup with new special editions, including the Mission One Pro Creator Edition and Ultimate Creator Edition, along with accessories like the Wireless Mic Complete Kit, Light Mod 2, and Media Mod. Q: What is the status of the upcoming Mission One Pro ILS camera launch? A: Nicholas Woodman, CEO, announced that the Mission One Pro ILS, the third camera in the Mission 1 series, will launch in September. It supports more than 300 micro 4/3 lenses and features GoPro's in-camera Hypersmooth video stabilization. The camera will be complemented by the new Mission Monitor app, which provides live preview and professional monitoring tools on iPhone or iPad. Q: How is the GoPro subscription performing, and what are the key metrics? A: Nicholas Woodman, CEO, reported that the subscriber attach rate reached a record 69% in Q2, up from 54% in the same period last year. Retention was 67%, consistent with previous performance. He highlighted the subscription's benefits, including unlimited cloud storage, camera protection, and discounts, which contribute to a high-margin recurring revenue business. Q: What is the latest on the tech-enabled motorcycle helmet developed with AGV? A: Nicholas Woodman, CEO, reported that the helmet's development remains on track, having recently achieved 22.06 safety standard compliance, one of the most advanced street riding helmet safety standards. He emphasized the combined strengths of AGV's design and safety pedigree with GoPro's engineering and digital imaging expertise, describing the helmet as "absolutely stunning" and poised to revolutionize the motorcycle helmet industry. Q: What updates were made to the MAX2 360 camera in Q2? A: Nicholas Woodman, CEO, announced a major firmware update for MAX2 in June, adding professional 10-bit color with GP log, increased 200 megabits per second bit rate recording, and enhanced low-light controls. The MAX2 has been recognized as a best-in-class 360 camera and won GoPro its third Emmy Award for technology and engineering. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Launched the Mission 1 Series, marking a strategic expansion from action cameras into the compact cinema camera market to attract budget-constrained professional creators. Achieved a record subscriber attach rate of 69%, up from 54% year-over-year, The company's performance and strategic progress were driven by the launch of the Mission 1 Series of cameras and ongoing development of a tech-enabled motorcycle helmet with AGV. Maintained development momentum for the tech-enabled motorcycle helmet with AGV, recently achieving ECE 22.06 safety standard compliance to ensure market readiness. Expanded the professional ecosystem by launching a suite of accessories, including the Fluid Pro AI gimbal and Wireless Mic Complete Kit, to expand GoPro's share in the prosumer and pro market through new product launches. Attributed strong product reception to a 'positive swell' of social endorsement and critical acclaim, which management views as a way to inspire others to purchase products and drive awareness for the brand. Confirmed the company is in the 'later stages' of evaluating a potential sale or strategic alternatives, with interest spanning defense, consumer, and financial sectors. Scheduled the launch of the Mission 1 PRO ILS for September, targeting professional creators with the company's first interchangeable lens system supporting over 300 lenses. Anticipates the new Mission Monitor App will enhance the professional ecosystem by providing remote camera control and live preview tools on iOS devices starting in September. Focusing on global distribution expansion as new cameras are not yet at full representation across all international retail partners. Maintains a focus on maximizing shareholder value through the ongoing strategic review process, though specific financial guidance remains withdrawn during this period. The Board of Directors authorized a formal process in May to evaluate a potential sale of the company or other strategic alternatives. Achieved ECE 22.06 safety compliance for the upcoming AGV helmet collaboration, a critical regulatory milestone for the motorcycle market entry. Released a major firmware update for the MAX2 camera to include professional 10-bit color and GP-Log, released a major firmware update for the MAX2 camera to improve image quality and expand creative controls. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management emphasized that driving awareness for the broadest product lineup in company history is the current priority. The interchangeable lens Mission 1 PRO ILS is expected to attract a new segment of professional creators who previously did not consider GoPro products. Full global retail distribution for the new Mission 1 series has not yet been reached, representing a growth opportunity as rollouts continue. Management declined to provide specific financial color or directional guidance for the second half of the year. The refusal to provide guidance was explicitly linked to the ongoing strategic review and potential sale process.

Interested in GoPro, Inc.? Here are five stocks we like better. GoPro’s strategic review is in its later stages as the board evaluates a potential sale and other alternatives intended to maximize shareholder value. The company has received interest from defense, consumer and financial-sector parties but provided no timeline or expected outcome. GoPro is expanding its new MISSION 1 camera lineup, with additional creator bundles and accessories launching soon and the interchangeable-lens MISSION 1 PRO ILS planned for September. The company is also working to broaden retail distribution and raise awareness of its products. Subscription momentum improved, with the second-quarter subscriber attach rate reaching a record 69%, up from 54% a year earlier, while retention held at 67%. GoPro also said its technology-enabled AGV motorcycle helmet remains on track after meeting the ECE 22.06 safety standard. A New Focus for GoPro: Is a Takeover in the Frame? GoPro (NASDAQ:GPRO) said its board-authorized review of a potential sale and other strategic alternatives is in the later stages, while the company focuses on expanding its camera lineup and building awareness for newly launched products. Chief Executive Officer Nicholas Woodman said the strategic review, authorized by GoPro’s board in May, is intended to maximize shareholder value. He said inquiries have come from the defense, consumer and financial sectors, and that the process has his full support. The company did not provide additional details on potential outcomes or timing. → MarketBeat Week in Review – 08/03 - 08/07 From Zero to Hero? Why GoPro's Rally Could Be More Than It Seems During the second quarter, GoPro began shipping its MISSION 1 PRO and MISSION 1 cameras after opening preorders in May. The cameras are available through GoPro’s website and global retail partners including Best Buy, Walmart, B&H and Adorama. Woodman said pricing begins at $499 for existing GoPro subscribers. Woodman said GoPro recently expanded the MISSION 1 range with special-edition bundles and accessories. The MISSION 1 PRO Creator Edition is aimed at vloggers and creators, while the MISSION 1 PRO Ultimate Creator Edition is intended for filmmakers seeking a more extensive package of equipment. → Quantum Earnings Week: Winners and Losers Are Finally Emerging 3 Drone Stocks That Can Lift Your Portfolio Higher The Ultimate Creator Edition includes GoPro’s Fluid Pro AI gimbal, which Woodman said provides stabilization and AI-driven subject tracking. Newly announced accessories include the Wireless Mic Complete Kit, Light Mod 2, Media Mod for the MISSION 1 series and Volta 2 battery grip. Media Mod: Adds ports for external monitors, microphones and other accessories. Volta 2: Provides up to nine hours of continual recording, according to the company, while serving as a grip, control device and tripod. Wireless Mic Complete Kit: Is designed to support untethered audio capture for uses including vlogging and multi-camera shoots. The special editions and accessories are scheduled to become available later this month through GoPro’s website and retailers globally. The company is also offering a limited-time $100 discount on MISSION 1, MISSION 1 PRO and MISSION 1 PRO Grip Edition cameras. → Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War GoPro plans to launch the third camera in the series, the MISSION 1 PRO ILS, in September. The interchangeable-lens model will support more than 300 Micro Four Thirds lenses and include the company’s HyperSmooth video stabilization, Woodman said. GoPro will also introduce the Mission Monitor app for iPhone and iPad in September, offering live camera preview, composition overlays and remote controls. Woodman highlighted growth in the company’s subscription business, which includes unlimited cloud storage for content uploaded while a camera is charging, mobile editing tools, camera replacement protection and product discounts. GoPro’s subscriber attach rate reached a record 69% in the second quarter, up from 54% in the year-earlier period, while retention was 67%, consistent with prior performance. The company also said development of its technology-enabled motorcycle helmet with Italian helmet brand AGV remains on track. The helmet recently achieved compliance with the ECE 22.06 safety standard, Woodman said. GoPro and AGV are combining AGV’s helmet design and safety expertise with GoPro’s engineering and digital-imaging capabilities. Separately, GoPro released a firmware update for its MAX2 360 camera in June. The update added 10-bit color with GP-Log, 200 megabits-per-second recording and enhanced low-light controls, according to Woodman. Responding to a question from Morgan Stanley analyst Erik Woodring about returning sell-through to positive territory, Woodman said product awareness is critical. He said GoPro has what he views as its most compelling product lineup to date, but the company must continue educating consumers about the products and their capabilities. Woodman said customer feedback, reviews and social-media content are helping create support for the new cameras. He also pointed to anticipated demand for the MISSION 1 PRO ILS among professional and prosumer creators who may not have previously considered GoPro because the company lacked an interchangeable-lens option. GoPro is also continuing to expand global retail distribution for its new camera models, Woodman said, adding that distribution is strong but not yet fully represented across all markets. Chief Financial Officer Brian McGee declined to offer additional commentary on second-half margins, sell-through or the financial impact of the product launches. He said GoPro withdrew its forward-looking guidance because of the ongoing strategic review and could not provide further color beyond prepared remarks. GoPro, Inc (NASDAQ: GPRO) is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro's product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production. Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "GoPro Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Revenue of $105 million Subscription and Service Revenue of $29 million New MISSION 1 Series of Cameras Available On-line and Through Retailers Globally GoPro Subscription Hits Record 69% Attach Rate SAN MATEO, Calif., Aug. 10, 2026 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) announced financial results for its second quarter ended June 30, 2026, and posted management commentary in the investor relations section of its website at https://investor.gopro.com. "In Q2, we expanded the performance and creative potential of our camera lineup with the launch of the MISSION 1 Series of cameras and continued to advance our strategic review process to maximize shareholder value. I'm excited about our new and upcoming products as they further establish GoPro as one of the world's most exciting digital imaging companies and brands," said Nicholas Woodman, GoPro's founder and CEO. Q2 2026 Financial Results Revenue was $105 million, down 31% year-over-year. Sell-through was approximately 291,000 camera units, down 38% year-over-year. Subscription and service revenue increased 11% year-over-year to $29 million, or 28% of revenue, compared to 17% of Q2 2025 revenue. Q2 2026 subscription and service revenue included $2 million generated from GoPro's AI content licensing program. Subscriber attach rate was a record at 69%, compared to 54% the prior year quarter. Subscription ARPU increased 9% year-over-year and 5% sequentially. Revenue from the retail channel was $58 million, or 56% of total revenue and down 48% year-over-year. GoPro.com revenue, including subscription and service revenue, was $47 million, or 44% of total revenue and up 13% year-over-year. GAAP gross margin was 30.2% compared to 35.8% in the prior year quarter and included a $19 million benefit from tariff refunds, partially offset by a $15 million charge related to certain component purchase commitments. Non-GAAP gross margin was 30.4% compared to 36.0% in the prior year quarter. GAAP net loss was $51 million, or a $(0.30) loss per share, compared to a net loss of $16 million or a $(0.10) loss per share, in the prior year quarter. Non-GAAP net loss was $36 million, or a $(0.21) loss per share, compared to a net loss of $12 million or a $(0.08) loss per share, in the prior year quarter. GAAP and non-GAAP net loss for Q2 2026 included a $19 million benefit from tariff refunds, partially offset by a $15 million charge related to certain component purchase commitments. Adjusted EBITDA was negative $29 million compared to negative $6 million in the prior year quarter. Recent Business Highlights In May, GoPro's Board of Directors authorized a process to evaluate a potential sale of the company and other strategic alternatives, aimed at maximizing shareholder value. In May, GoPro began shipping its new MISSION 1 PRO and MISSION 1 compact cinema cameras, available on GoPro.com and through retail partners globally, including Best Buy and Walmart, and specialized imaging retailers B&H and Adorama. The MISSION 1 Series has earned recognition across the industry, including editor's choice awards and recommendations from press. GoPro's tech-enabled motorcycle helmet initiative, jointly developed with AGV, the leading Italian helmet brand, remains on track. The helmet recently achieved ECE 22.06 safety standard compliance, one of the industry's most advanced and comprehensive street-riding helmet safety standards. Results Summary: Conference Call GoPro management will host a conference call and live webcast for analysts and investors today at 2 p.m. Pacific Time (5 p.m. Eastern Time) to discuss the Company's financial results. Prior to the start of the call, the Company will post Management Commentary on the "Events & Presentations" section of its investor relations website at https://investor.gopro.com. Management will make brief opening comments before taking questions. To listen to the live conference call, please dial +1 833-461-5787 (US) or +1 585-542-9983 (International) and enter access code 529 017 833, approximately 15 minutes prior to the start of the call. A live webcast of the conference call will be accessible on the "Events & Presentations" section of the Company's website at https://investor.gopro.com. An archived audio webcast will be accessible for at least 90 days on GoPro's website, https://investor.gopro.com. About GoPro, Inc. (NASDAQ: GPRO) GoPro helps the world capture and share itself in immersive and exciting ways. Connect with GoPro on Instagram, YouTube, TikTok, Facebook, X, LinkedIn, and GoPro's blog, The Current. Members of the press can access official logos and imagery on our press portal. For more information, visit GoPro.com. GoPro, HERO, MAX, MISSION and their respective logos are trademarks or registered trademarks of GoPro, Inc. in the United States and other countries. Note Regarding Use of Non-GAAP Financial Measures GoPro reports gross profit, gross margin percentage, operating expenses, operating income (loss), other income (expense), tax expense (benefit), net income (loss) and diluted net income (loss) per share in accordance with U.S. generally accepted accounting principles (GAAP) and on a non-GAAP basis. Additionally, GoPro reports non-GAAP adjusted EBITDA. Non-GAAP items exclude, where applicable, the effects of stock-based compensation, acquisition-related costs, restructuring and other related costs, gains or losses on insurance proceeds, gains or losses on extinguishment of debt, gains or losses on the revaluation of warrants, gains or losses related to derivative liabilities, gains on the sale and/or license of intellectual property, non-cash interest expense, goodwill impairment charges, and the tax impact of these items. When planning, forecasting, and analyzing gross profit, gross margin percentage, operating expenses, operating income (loss), other income (expense), tax expense (benefit), net income (loss) and net income (loss) per share for future periods, GoPro does so primarily on a non-GAAP basis without preparing a GAAP analysis as that would require estimates for reconciling items which are inherently difficult to predict with reasonable accuracy. A reconciliation of preliminary GAAP to non-GAAP measures has been provided in this press release, and investors are encouraged to review the reconciliation. Note on Forward-looking Statements This press release may contain projections or other forward-looking statements within the meaning Section 27A of the Private Securities Litigation Reform Act. Words such as "anticipate," "believe," "estimate," "expect," "intend," "should," "will," "may", "plan" and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements in this press release may include but are not limited to statements regarding our expectations regarding revenue, profitability, improved gross margin, and reduced operating expenses; cash flow improvement and inventory reduction; the launch and market positioning of the MISSION 1 Series cameras in the high-end digital imaging market; our evaluation of strategic alternatives and the timing of completing any strategic alternatives, including a potential sale or merger of the Company; subscription and service revenue and subscriber retention and; partnerships and brand collaborations. These statements involve risks and uncertainties, and actual events or results may differ materially. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements include the inability to achieve or sustain revenue growth or profitability in the future; substantial doubt about our ability to continue as a going concern; dilution of our common stock; our ability to maintain compliance with Nasdaq listing requirements; plans to drive profitability, including our restructuring plans and the improved efficiencies in our operations that such plans may create; our ability to achieve profitability if there are delays in our product launches, increases in component costs, or shortages of key components, including due to our ability to retain or identify alternative suppliers in a timely fashion; the impact of negative macroeconomic factors including fluctuating interest rates, inflation, currency exchange rates, market volatility, and economic downturns or uncertainty in our key U.S. and international markets that may adversely affect consumer discretionary spending and demand for our products; changes to trade agreements, trade policies, increased tariffs, and import/export regulations which may negatively affect our business, supply chain expenses, and gross margins; the fact that our goal to grow revenue and be profitable relies upon our ability to manage expenses and grow sales from our direct-to-consumer business, our retail partners, and distributors; our ability to acquire and retain subscribers, and the risk that subscriber count may continue to decline; our reliance on third-party suppliers, some of which are sole-source suppliers, and contract manufacturers for our products, some of which may be impacted due to supply shortages, long lead times, or other service disruptions, including unprecedented increases and volatility in memory component costs, that may lead to increased costs due to the effects of global conflicts and geopolitical issues such as the ongoing conflicts in the Middle East, Ukraine, or China-Taiwan relations; our ability to maintain the value and reputation of our brand and protect our intellectual property and proprietary rights; the risk that our sales fall below our forecasts, especially during the holiday season; the risk we fail to manage our operating expenses effectively, which may result in our financial performance suffering; the fact that our profitability depends in part on further penetrating our total addressable market, including through new products such as the MISSION 1 Series and potential expansion into defense and aerospace markets, and we may not be successful in doing so; the risk we are unable to reduce our operating expenses or that continued reductions in research and development and marketing spending may constrain our product roadmap, ability to innovate, and ability to generate sufficient consumer demand; the fact that we rely on sales of our cameras, mounts, and accessories for substantially all of our revenue, and any decrease in the sales or change in sales mix of these products could harm our business; the risk that we may not successfully manage product introductions, product transitions, product pricing, and marketing; the fact that a small number of retailers and distributors account for a substantial portion of our revenue and our level of business with them could be significantly reduced; our ability to attract, engage, and retain qualified personnel, particularly given reductions in our workforce and fluctuations in the price of our Class A common stock; the impact of competition on our market share, revenue, and profitability; the fact that we may experience fluctuating revenue, expenses, and profitability in the future; our substantial indebtedness, including but not limited to, our Credit Facilities and Convertible Debentures and 2026 Notes, and the corresponding cash debt service obligations and restrictive covenants; our ability to comply with financial covenants in our Credit Facilities and the risk of cross-default; the risk that our evaluation of strategic alternatives may not result in a transaction or other outcome that enhances stockholder value, and may be disruptive to our business operations; the risk that our pursuit of defense and aerospace opportunities could subject us to retaliatory actions by foreign governments; risks related to inventory, purchase commitments, and long-lived assets; the risk that we will encounter problems with our distribution system; the threat of a security breach or other disruption including cyberattacks; the concern that our intellectual property and proprietary rights may not adequately protect our products and services; the outcome of pending or future litigation and legal proceedings; and other factors detailed in the Risk Factors section of our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on March 12, 2026, and as updated in subsequent periodic filings with the SEC including the Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. These forward-looking statements speak only as of the date hereof or as of the date otherwise stated herein. GoPro disclaims any obligation to update these forward-looking statements. GoPro, Inc.Reconciliation of Preliminary GAAP to Non-GAAP Financial Measures To supplement our unaudited selected financial data presented on a basis consistent with GAAP, we disclose certain non-GAAP financial measures, including non-GAAP gross profit, gross margin percentage, operating expenses, operating income (loss), other income (expense), tax expense (benefit), net income (loss), diluted net income (loss) per share and adjusted EBITDA. We also provide forecasts of non-GAAP gross margin, non-GAAP operating expenses, non-GAAP other income (expense), non-GAAP tax expense (benefit), non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. We use non-GAAP financial measures to help us understand and evaluate our core operating performance and trends, to prepare and approve our annual budget, and to develop short-term and long-term operational plans. Our management uses and believes that investors benefit from referring to these non-GAAP financial measures in assessing our operating results. These non-GAAP financial measures should not be considered in isolation from, or as an alternative to, the measures prepared in accordance with GAAP, and are not based on any comprehensive set of accounting rules or principles. We believe that these non-GAAP measures, when read in conjunction with our GAAP financials, provide useful information to investors by facilitating: the comparability of our on-going operating results over the periods presented; the ability to identify trends in our underlying business; and the comparison of our operating results against analyst financial models and operating results of other public companies that supplement their GAAP results with non-GAAP financial measures. These non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP. Some of these limitations are: adjusted EBITDA does not reflect income tax expense (benefit), which may change cash available to us; adjusted EBITDA does not reflect interest income (expense), which may reduce cash available to us; adjusted EBITDA excludes depreciation and amortization and, although these are non-cash charges, the property and equipment being depreciated and amortized often will have to be replaced in the future, and adjusted EBITDA does not reflect any cash capital expenditure requirements for such replacements; adjusted EBITDA excludes the amortization of point of purchase (POP) display assets because it is a non-cash charge, and is treated similarly to depreciation of property and equipment and amortization of acquired intangible assets; adjusted EBITDA and non-GAAP net income (loss) exclude restructuring and other related costs which primarily include severance-related costs, stock-based compensation expenses, manufacturing consolidation charges, facilities consolidation charges recorded in connection with restructuring actions, including right-of-use asset impairment charges (if applicable), and the related ongoing operating lease cost of those facilities recorded under ASC 842, Leases. These expenses do not reflect expected future operating expenses and do not contribute to a meaningful evaluation of current operating performance or comparisons to the operating performance in other periods; adjusted EBITDA and non-GAAP net income (loss) exclude stock-based compensation expense related to equity awards granted primarily to our workforce. We exclude stock-based compensation expense because we believe that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding operational performance. In particular, we note that companies calculate stock-based compensation expense for the variety of award types that they employ using different valuation methodologies and subjective assumptions. These non-cash charges are not factored into our internal evaluation of non-GAAP net income (loss) as we believe their inclusion would hinder our ability to assess core operational performance; adjusted EBITDA and non-GAAP net income (loss) excludes any gain or loss on the extinguishment of debt because it is not reflective of ongoing operating results in the period, and the frequency and amount of such gains and losses vary; adjusted EBITDA and non-GAAP net income (loss) excludes a gain (loss) on insurance proceeds because it is not reflective of ongoing operating results in the period, and the frequency and amount of such gains and losses vary; adjusted EBITDA and non-GAAP net income (loss) excludes a gain (loss) on the revaluation of warrants because it is not reflective of ongoing operating results in the period, and hinders our ability to assess core operational performance; adjusted EBITDA and non-GAAP net income (loss) excludes gains (losses) related to derivative liabilities as they are not reflective of ongoing operating results in the period and hinder our ability to assess core operational performance; adjusted EBITDA and non-GAAP net income (loss) excludes goodwill impairment charges as they do not reflect ongoing operating results in the period and hinders our ability to assess core operational performance; non-GAAP net income (loss) excludes acquisition-related costs including the amortization of acquired intangible assets (primarily consisting of acquired technology), the impairment of acquired intangible assets (if applicable), as well as third-party transaction costs incurred for legal and other professional services. These costs are not factored into our evaluation of potential acquisitions, or of our performance after completion of the acquisitions because these costs are not related to our core operating performance or reflective of ongoing operating results in the period, and the frequency and amount of such costs vary significantly based on the timing and magnitude of our acquisition transactions and the maturities of the businesses being acquired. Although we exclude the amortization of acquired intangible assets from our non-GAAP net income (loss), management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and can contribute to revenue generation; non-GAAP net income (loss) excludes a gain on the sale and/or license of intellectual property. This gain is not related to our core operating performance or reflective of ongoing operating results in the period, and the frequency and amount of such gains are inconsistent; non-GAAP net income (loss) excludes non-cash interest expense as it is not related to our core operating performance or reflective of ongoing operating results in the period; non-GAAP net income (loss) includes income tax adjustments which reflect the current and deferred income tax expense (benefit) and the effect of non-GAAP adjustments; GAAP and non-GAAP net income (loss) per share includes the dilutive, tax effected cash interest expense associated with our 2025 convertible senior notes and Convertible Debentures in periods of net income, as if converted at the beginning of the period; and other companies may calculate these non-GAAP financial measures differently than we do, limiting their usefulness as comparative measures. 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Interested in Fox Factory Holding Corp.? Here are five stocks we like better. Strong second-quarter execution: Revenue was $358.1 million, down 4.5% year over year, while adjusted EBITDA reached $45.5 million, exceeding guidance by about $5 million. Excluding tariff refunds, adjusted EBITDA margin improved sequentially to approximately 12.2%. Cost savings are being offset by inflation: Fox Factory captured more than $25 million in savings during the first half and remains on track for roughly $50 million in annual savings, but tariffs, commodities, freight and fuel are expected to add nearly $20 million in costs versus its plan. Full-year revenue outlook raised: The company increased 2026 revenue guidance to $1.42 billion–$1.47 billion while narrowing adjusted EBITDA guidance to $176 million–$196 million. New vehicle awards, electric-vehicle programs and stabilizing powersports and bicycle markets are expected to support future growth, while net leverage stood at 3.7 times at quarter-end. From Zero to Hero? Why GoPro's Rally Could Be More Than It Seems Fox Factory (NASDAQ:FOXF) reported second-quarter 2026 revenue at the high end of its guidance range and adjusted EBITDA above expectations, while raising its full-year sales outlook and maintaining its cost-savings target amid elevated commodity, freight and fuel expenses. Revenue for the second quarter totaled $358.1 million, down 4.5% from a year earlier and 2.9% sequentially. Adjusted EBITDA was $45.5 million, about $5 million above the high end of the company’s guided range. The result included roughly $2 million in IEEPA tariff refunds; excluding those proceeds, adjusted EBITDA margin was approximately 12.2%, up about 250 basis points sequentially from the first quarter on a comparable basis. → 3 Drone Stocks That Should Soar After the Summer Slump Top 2 Small Cap Automotive Stocks Set for a Strong Rally “Revenue growth is returning,” Chief Executive Officer Michael Dennison said, citing new product programs, partnerships and operational productivity. He said the company’s revenue decline from the first quarter was expected, reflecting the divestiture of Phoenix operations, shipment timing and lower Ford F-150 volumes related to aluminum supply disruption. Fox Factory said it captured more than $25 million of gross savings during the first half and remains on track to achieve approximately $50 million for the full year. The company said the savings include roughly $10 million of carryover from phase one of its profit-optimization program and about $40 million from phase two. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth However, the company said higher input costs have limited the net benefit. Chief Financial Officer Dennis Schemm said incremental input-cost inflation is running nearly $20 million above assumptions in the company’s full-year plan, driven by tariffs, commodities, freight and fuel costs. About $15 million of that additional pressure is expected in the second half. Gross margin was 30.6%, compared with 31.2% a year earlier, as product mix and higher external costs more than offset cost-savings realization. Adjusted operating expenses fell to $78.5 million, or 21.9% of revenue, from $83.5 million, or 22.3% of revenue, in the prior-year period. → Jersey Mike's Serves Fresh Gains After IPO Stumble Schemm said the company does not assume relief in commodity, freight or fuel costs in its outlook. Fox Factory expects margin expansion in the second half as phase-two savings increase, last year’s tariffs are lapped and pricing and surcharge recovery initiatives move forward with OEM and channel partners. Powered Vehicles Group: Net sales rose slightly year over year to $124.2 million. Powersports revenue increased 22.5% in the quarter and 28% in the first half, as OEM customers worked through channel inventory imbalances. Automotive results remained affected by aluminum supply constraints that reduced F-150 production, as well as supply-chain issues at Toyota. Aftermarket Applications Group: Sales fell 4% to $109.6 million, including an approximately $5.5 million impact from the Phoenix divestiture. Excluding that effect, the segment posted modest growth despite reduced F-150 volumes. Segment margin improved about 70 basis points year over year and roughly 500 basis points sequentially. Specialty Sports Group: Revenue declined 9.4% year over year to $124.3 million but rose 12.5% from the first quarter. The company said bicycle revenue should remain broadly stable for the year, with a seasonal pickup expected in the third quarter. Segment margin was essentially flat despite lower sales. Dennison said Fox Factory is seeing stabilization in both powersports and premium bicycle suspension following periods of inventory disruption. In bike, he pointed to demand for new e-bike, drivetrain, battery and motor technologies, adding that some products have sold out. The company also said it launched next-year bicycle models during the second quarter. Within Marucci, the company delayed a new bat launch from the second quarter into the third quarter to support inventory availability and give the product a stronger market launch. Dennison said the company is working through existing sporting-goods inventory while using innovation to support demand. He said softball has become an increasingly important contributor to Marucci, while Lizard Skins and certain glove categories have performed strongly. Fox Factory said it launched 12 new vehicle fitments during the year, including expanded aftermarket Live Valve offerings. The company cited new powersports applications, including Kawasaki’s Teryx H2 with Fox’s advanced chassis control system and Polaris’ RZR Pro R Boost using Fox 3.0 Live Valve X2 shocks. The company also said it received a new vehicle award from an existing automotive OEM that is expected to generate meaningful volume in 2028. Separately, it won business with a new electric-vehicle OEM for an autonomous-vehicle application. Shipments for that program are expected to begin late in 2026 and contribute incremental volume in 2027. In its aftermarket upfitting business, Fox Factory said its traditional custom upfit operations remain its primary go-to-market model. But new OEM-driven customization programs are expected to provide dealer access, reduce marketing and sales complexity, and improve factory utilization, even though they generally carry less content per vehicle than traditional custom builds. Fox Factory raised its full-year 2026 revenue outlook to a range of $1.42 billion to $1.47 billion. It narrowed adjusted EBITDA guidance to $176 million to $196 million, representing approximately 5% to 16% growth over fiscal 2025 on roughly flat revenue, according to the company. The revised outlook implies full-year adjusted EBITDA margin of approximately 12.4% to 13.3%, below the roughly 13.1% to 14.3% margin range implied by February guidance because of inflation and mix dynamics. For the third quarter, Fox Factory expects net sales of $355 million to $380 million and adjusted EBITDA of $46 million to $54 million. The outlook reflects the delayed Marucci product launch and normalization of bike volumes after a supplier disruption, partially offset by continued chassis supply constraints in automotive-related operations. At quarter-end, cash and cash equivalents were $61.3 million, while total debt was $667.7 million, down $20.5 million sequentially. The company’s net leverage ratio was 3.7 times, compared with a five-times covenant under its amended credit agreement. Fox Factory said it expects meaningful debt reduction progress during the remainder of the year through EBITDA improvement, working-capital management and disciplined capital spending. Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company's FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles. Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Fox Factory Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Interested in Garmin Ltd.? Here are five stocks we like better. Garmin reported record Q2 2026 results, with revenue up 11% to $2.02 billion, operating income up 30% to $616 million, and pro forma EPS up 29% to $2.81. Strong product mix and demand for advanced wearables helped lift margins. The company raised its full-year outlook to approximately $8.05 billion in revenue and $10 in pro forma EPS, while also increasing its gross- and operating-margin forecasts. Garmin expects higher memory costs to pressure results in the second half. Fitness led segment growth with revenue up 25%, while Marine and Aviation also advanced; Outdoor declined modestly and Auto OEM faces a near-term program gap before a major Mercedes-Benz launch in 2027. A New Focus for GoPro: Is a Takeover in the Frame? Garmin (NYSE:GRMN) reported record second-quarter results for 2026, with revenue rising 11% year over year to $2.02 billion and operating income increasing 30% to $616 million. The company raised its full-year outlook following stronger-than-expected first-half performance, citing demand for advanced wearables and growth in its marine and aviation businesses. Pro forma earnings per share increased 29% to $2.81, while GAAP EPS was $2.80. Gross margin expanded 360 basis points from the prior-year period to 62.4%, and operating margin rose 440 basis points to 30.4%. → Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? Garmin Jumps on Guidance, Then Doubles Down on Buybacks and a Bigger Dividend President and CEO Clifton Pemble said favorable product mix was the principal driver of margin gains, while results also benefited from a $21 million tariff refund recognized during the quarter. He said margin performance remained strong even without the refund. Garmin increased its 2026 revenue forecast to approximately $8.05 billion from its previous estimate of $7.9 billion. The company now expects pro forma EPS of approximately $10, up from its prior forecast of $9.35. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now HSAs for Gym Memberships? These 3 Fitness Stocks Could Soar The company raised its full-year gross-margin outlook to approximately 59.7%, 120 basis points above prior guidance and 100 basis points above its full-year 2025 gross margin. Garmin expects operating margin of approximately 27%, up 150 basis points from its earlier forecast. Chief Financial Officer and Treasurer Doug Boessen said the company’s year-to-date results had not been significantly affected by higher memory costs, but those costs are expected to affect the second half and have been included in full-year guidance. The revised gross-margin outlook does not assume further tariff-refund benefits beyond the amount recognized in the second quarter. → Oil Prices Are Surging and These 4 Stocks Are Cashing In Pemble said Garmin had benefited from strategic inventory of memory components earlier in the year. He added that the company is seeing pressure across component categories amid demand related to artificial intelligence, but intends to manage those costs using the same approach it used in addressing tariffs. Fitness revenue rose 25% to a second-quarter record of $757 million, driven by growth across product categories and continued demand for advanced wearables. The segment’s gross margin reached 64% and operating margin was 37%, generating $277 million in operating income. During the quarter, Garmin introduced the Forerunner 70 and Forerunner 170 running watches. It also recently announced the CIRQA Smart Band, a screen-less wearable that provides wellness and fitness insights without requiring a subscription. Pemble said CIRQA includes the features customers expect from Garmin wearables through Garmin Connect, while users can add Garmin Connect+ features such as artificial intelligence tools and nutrition tracking. He said the product’s initial demand exceeded the company’s expectations, with Garmin expecting to work through back orders for some time. Garmin also announced the acquisition of TrainingPeaks and TrainHeroic, endurance and strength-training platforms that connect coaches and athletes. Pemble said the acquisition is intended to create a more complete training experience by connecting data collected through Garmin devices with coaching recommendations and user behavior. Outdoor revenue declined 2% to $483 million, primarily due to the consumer auto and adventure watch categories. Still, the segment improved profitability through product mix and execution, with gross margin of 69%, operating margin of 34%, and operating income of $164 million. Garmin expects stronger Outdoor revenue performance in the second half because of the timing of product launches, which it expects will improve full-year growth compared with 2025. New products included the Approach Z10 laser rangefinder for golf. Marine revenue climbed 14% to $341 million, with growth across multiple product categories. Gross margin expanded to 61%, operating margin reached 29%, and operating income totaled $100 million. The company introduced its Garmin Signal VHF Marine Radio and the LiveScope 2 sonar system, which received a Best Electronics award at the ICAST trade show. Aviation revenue increased 8% to $269 million, with growth in both OEM and aftermarket categories. The segment posted gross margin of 75%, operating margin of 27%, and operating income of $72 million. Garmin launched the D2 Mach 2 Pro aviator smartwatch and announced AXIS, an integrated cockpit-display platform for certified and experimental aircraft. Pemble said business aviation demand remains strong, with OEMs working through substantial backlogs. He also described the aftermarket as resilient, saying owners continue to invest in equipment for quality used aircraft. Auto OEM revenue increased 1% to $172 million, primarily due to domain-controller growth. The segment reported gross margin of 22% and operating margin of 2%, with GAAP operating income of $3 million. Gross-margin expansion was driven mainly by year-to-date cost recoveries recognized as revenue during the quarter. However, Garmin expects Auto OEM revenue to decline and the business to return to an operating loss during the second half as it moves beyond peak BMW volumes. The company is preparing to begin a major Mercedes-Benz program in early 2027 and expects the segment to return to growth in 2027. Garmin ended the quarter with approximately $4.4 billion in cash and marketable securities. It generated $276 million in free cash flow during the quarter and expects about $1.4 billion for the full year, alongside capital expenditures of approximately $550 million. The company paid approximately $202 million in dividends and repurchased $43 million of stock during the quarter. Garmin said its Thailand manufacturing facility remains on schedule for completion near the end of 2026, with utilization expected to begin in early 2027. The initial phase will encompass about 400,000 square feet, and Pemble said the site could potentially double Garmin’s overall capacity over time. Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin's products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses. Garmin's product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Garmin Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Sonos (SONO) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +12.50%. A quarter ago, it was expected that this maker of wireless speakers and home sound systems would post a loss of $0.04 per share when it actually produced a loss of $0.02, delivering a surprise of +50%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Sonos, which belongs to the Zacks Audio Video Production industry, posted revenues of $375.26 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.32%. This compares to year-ago revenues of $344.76 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Sonos shares have lost about 4.3% since the beginning of the year versus the S&P 500's gain of 8.5%. While Sonos has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Sonos was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.04 on $310.44 million in revenues for the coming quarter and $1.15 on $1.5 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Audio Video Production is currently in the bottom 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, GoPro (GPRO), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10. This action video camera maker is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of +125%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. GoPro's revenues are expected to be $208.52 million, up 36.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sonos, Inc. (SONO) : Free Stock Analysis Report GoPro, Inc. (GPRO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Revenue: $99 million, compared to $134 million in Q1 2025. Retail Channel Revenue: $61 million, 61% of total revenue. GoPro.com Channel Revenue: $38 million, 39% of total revenue. Subscription and Services Revenue: $27 million, flat year-over-year. Subscription Attach Rate: 51%, up from 49% in Q1 2025. Street ASP: $371, a 6% improvement year-over-year. Operating Expenses: $59 million, a 6% decrease year-over-year. Gross Margin: 4.5%, compared to 32.3% in Q1 2025. Net Loss: $58 million, compared to $19 million in Q1 2025. GAAP Loss Per Share: $0.50, compared to $0.30 in Q1 2025. Non-GAAP Loss Per Share: $0.35, compared to $0.12 in Q1 2025. Adjusted EBITDA: Negative $50 million, compared to negative $16 million in Q1 2025. Inventory: $72 million, a 25% decrease year-over-year. Warning! GuruFocus has detected 5 Warning Signs with GPRO. Is GPRO fairly valued? Test your thesis with our free DCF calculator. Release Date: May 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. GoPro Inc (NASDAQ:GPRO) is exploring opportunities in the defense and aerospace sector, potentially expanding its market reach. The company announced a strategic process to evaluate M&A opportunities, which could unlock shareholder value. GoPro cameras were used in NASA's Artemis II mission, showcasing their reliability and quality in demanding environments. Partnerships with ASUS and DICK's Sporting Goods have been successful, broadening GoPro's reach and appeal. The launch of the Mission 1 series of professional cameras has received positive industry feedback and several prestigious awards. Q1 2026 revenue decreased to $99 million from $134 million in the prior-year period, indicating a decline in sales. Gross margin dropped significantly to 4.5% from 32.3% in Q1 2025, impacting profitability. The company reported a net loss of $58 million, compared to a $19 million loss in the previous year. GoPro Inc (NASDAQ:GPRO) faced macro challenges such as rising memory costs, supply chain constraints, and fluctuating tariffs. The company has withdrawn its full-year guidance due to ongoing macroeconomic challenges and strategic evaluations. Q: Can you clarify whether you are personally supportive of a full sale of the company? And if so, what price or strategic outcome would you need to see to vote in favor of such a transaction? A: Nicholas Woodman, CEO: I am fully supportive of evaluating strategic opportunities for the company to unlock value for shareholders. This effort has my full and complete support. Q: Can you describe the nature of the unsolicited inbound strategic inquiries received after the defense and aerospace announcement? Are they primarily from defense/aerospace acquirers or from financial or strategic buyers in your core consumer imaging market? A: Nicholas Woodman, CEO: There's been interest from various sectors and types of interested parties, not just defense or financial. This range of interest led us to decide to evaluate what kind of value we could unlock for shareholders. Q: Can you give us a sense of the sell-in potential of the Mission 1 Series, and describe the specific customer segments you're targeting? A: Nicholas Woodman, CEO: The Mission 1 line targets several categories, primarily as compact cinema cameras for professional filmmakers, television series producers, and influencers. They also serve as high-end alternatives for action camera users and aspiring consumers wanting the most capable cameras. The price points are competitive relative to more expensive cameras that don't match the Mission 1's resolution and frame rates. Q: How should we think about the pricing of the Mission 1 Series relative to competitors? A: Nicholas Woodman, CEO: The Mission 1 Series cameras are priced as a relative bargain compared to cameras that are far more expensive but don't match their resolution and frame rates. The ILS model, in particular, offers incredible versatility with a wide range of commercially available lenses. Q: What are the strategic alternatives being considered to maximize shareholder value? A: Nicholas Woodman, CEO: We are exploring various strategic alternatives, including the potential sale of the company, to unlock unrealized value in GoPro's technology, IP, brand, and product development capabilities. For the complete transcript of the earnings call, please refer to the full earnings call transcript.