Fox Factory (NASDAQ:FOXF) Posts Earnings Results

Fox Factory (NASDAQ:FOXF) issued its quarterly earnings data on Thursday. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.18 by $0.19, Zacks reports. The firm had revenue of $358.12 million for the quarter, compared to analyst estimates of $352.94 million. Fox Factory had a negative net margin of 20.39% and a positive return on equity of 5.39%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS.

Here are the key takeaways from Fox Factory’s conference call:

• Raised full-year revenue guidance to $1.42 billion-$1.47 billion and narrowed adjusted EBITDA guidance to $176 million-$196 million, despite roughly $20 million of incremental input-cost inflation versus the original plan.
• The profit-optimization program remains on track, with more than $25 million of gross savings captured in the first half toward the approximately $50 million 2026 target; lower operating expenses and improved working capital also supported sequential margin expansion.
• Elevated steel and aluminum, freight, fuel, tariffs, and supply-chain costs continue to pressure profitability, while aluminum shortages affecting Ford F-150 production and Toyota production cuts constrained automotive-related volumes.
• Powersports revenue grew 22.5% year over year in the quarter, while new vehicle awards, including an autonomous EV program and expanded Live Valve applications, are expected to contribute meaningful volume beginning in late 2026 and into 2027-2028.
• Bike demand is stabilizing but management expects the business to be roughly flat year over year, while Marucci is relying on delayed bat launches, softball growth, and inventory cleanup to improve second-half performance.

Fox Factory Stock Up 12.0%

FOXF stock traded up $2.27 during midday trading on Friday, hitting $21.13. The company’s stock had a trading volume of 1,981,673 shares, compared to its average volume of 499,787. The firm has a 50-day simple moving average of $18.09 and a 200-day simple moving average of $17.78. The firm has a market capitalization of $886.19 million, a P/E ratio of -2.96, a PEG ratio of 0.74 and a beta of 1.35. The company has a quick ratio of 1.52, a current ratio of 2.99 and a debt-to-equity ratio of 1.00. Fox Factory has a 52-week low of $13.08 and a 52-week high of $30.75.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Fox Advisors set a $20.00 target price on Fox Factory in a research report on Tuesday, June 30th. Weiss Ratings cut Fox Factory from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Zacks Research upgraded Fox Factory from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Bank of America lowered Fox Factory from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $24.00 to $20.00 in a research note on Tuesday, June 30th. Finally, Needham & Company LLC restated a “buy” rating on shares of Fox Factory in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.00.

Key Headlines Impacting Fox Factory

Here are the key news stories impacting Fox Factory this week:

• Positive Sentiment: Fox Factory reported second-quarter fiscal 2026 adjusted earnings of $0.37 per share, well above the $0.16–$0.18 analyst consensus, while revenue of $358.1 million also surpassed estimates of approximately $352.9 million. Fox Factory Reports Second Quarter Fiscal 2026 Financial Results
• Positive Sentiment: Management projected third-quarter revenue of $355 million to $380 million, above the roughly $345.1 million consensus estimate, signaling expectations for sequential improvement. Fox Factory Third-Quarter Revenue Forecast
• Positive Sentiment: The company outlined 2026 sales expectations of approximately $1.42 billion to $1.47 billion and reaffirmed its goal of achieving $50 million in cost savings. The savings plan could support margins and profitability if successfully implemented. Fox Factory 2026 Sales Outlook and Cost Savings Goal
• Neutral Sentiment: Brokerages maintained a consensus “Hold” recommendation, suggesting analysts see a balanced risk-reward profile despite the earnings and guidance beats. Fox Factory Receives Consensus Hold Recommendation
• Negative Sentiment: Second-quarter revenue declined 4.5% year over year, and EPS fell from $0.40 in the prior-year period to $0.37. Fox Factory also reported a negative net margin, highlighting continued profitability pressure despite the quarterly beat. Fox Factory Beats Second-Quarter Earnings and Revenue Estimates

Institutional Trading of Fox Factory

Several hedge funds have recently modified their holdings of FOXF. Nantahala Capital Management LLC increased its stake in shares of Fox Factory by 200.3% during the fourth quarter. Nantahala Capital Management LLC now owns 2,188,300 shares of the company’s stock worth $37,442,000 after buying an additional 1,459,652 shares during the period. Towle & Co. purchased a new position in Fox Factory in the fourth quarter worth approximately $8,967,000. Renaissance Technologies LLC grew its holdings in Fox Factory by 294.3% during the 4th quarter. Renaissance Technologies LLC now owns 547,693 shares of the company’s stock worth $9,371,000 after acquiring an additional 408,800 shares in the last quarter. Tenzing Global Management LLC acquired a new position in Fox Factory during the 2nd quarter worth approximately $9,079,000. Finally, Empowered Funds LLC purchased a new stake in shares of Fox Factory in the 4th quarter valued at approximately $3,285,000.

Fox Factory Company Profile

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.