Acushnet Holdings Corp. has unveiled impressive financial outcomes for the second quarter of 2026, showcasing robust growth propelled by strategic market maneuvers and sustained demand in the golf sector. The company's proactive decision to accelerate the launch of its Titleist GTS metals played a pivotal role in these strong results, despite navigating some regional market challenges. This period highlights Acushnet's commitment to innovation and operational excellence.
Acushnet's Q2 2026 Performance: A Detailed Overview
On Thursday, August 6, 2026, Acushnet executives David Maher (President and CEO), Sean Sullivan (CFO), and Cameron Vollmuth (Director of Investor Relations) presented a comprehensive review of the company's second-quarter earnings. The firm achieved consolidated net sales of $820.0 million, marking a substantial 14.2% increase on a constant currency basis. This growth was primarily fueled by the strong performance of its golf equipment segment. Adjusted EBITDA surged by 45.8% to $208.6 million, a figure notably boosted by a $38 million net benefit from tariff refunds.
Titleist Golf Equipment revenue soared to $545.9 million, reflecting a 20.6% constant currency increase. This was largely attributable to the expedited launch of GTS metals, with golf club sales alone climbing 42.7% to $272.0 million. Golf ball sales, featuring the popular Pro V1 models, also contributed positively with a 4.5% constant currency growth, reaching $273.9 million due to higher average selling prices. FootJoy Golf Wear experienced a 3.1% rise to $157.8 million, driven by a strategic shift towards premium performance footwear, even as the company navigated a softened apparel market in Japan and Korea. Golf Gear net sales saw a 3.9% increase to $79.6 million, with significant gains in Titleist gloves and travel products.
Geographically, the United States led with $498.4 million in net sales, an increase of 14.7%, reflecting strong equipment engagement and healthy golf participation. Japan recorded an impressive 31.1% growth to $35.9 million, also driven by equipment demand. Korea's net sales grew by 6.7% to $80.0 million, showcasing resilience despite local apparel market softness. EMEA and the Rest of World segments also reported healthy increases of 12.3% and 14.5% respectively, primarily due to robust club sales and strong demand in Australia and Southeast Asia.
Acushnet has revised its full-year 2026 revenue guidance to between $2.65 billion and $2.675 billion, anticipating a 3.4% to 4.3% constant currency increase. Adjusted EBITDA guidance is set at $450 million to $470 million, incorporating a projected $30 million net IEEPA tariff refund benefit. The company continues to invest in manufacturing capacity for golf balls and clubs, allocating $37 million in capital expenditures during the first half of the year. Share repurchases totaled $26 million, with an additional agreement to acquire up to $52.5 million in common stock. Despite these strong figures, the company acknowledges potential challenges, including a tougher comparison in the latter half of the year due to the accelerated GTS launch and ongoing softness in the wearables market in Japan and Korea. Moreover, rising product and freight costs, particularly for synthetic rubber and tungsten, are expected to partially offset the benefits from lower tariff expenses.
Acushnet's second-quarter performance underscores its robust market position and effective strategies in capitalizing on the enduring appeal of golf. The ability to strategically manage product launches, coupled with continuous investment in manufacturing and technology, positions the company for sustained growth. While global economic factors and regional market variations present ongoing challenges, the foundational strength of the golf industry and Acushnet’s dedication to its core customers offer a promising outlook. The company's focus on premium products and consumer engagement continues to drive its success, solidifying its leadership in the golf equipment and apparel sectors.
