On Holding AG (NYSE:ONON) on Tuesday reported mixed second-quarter financial results.

On Holding reported quarterly earnings of 44 cents per share which beat the analyst consensus estimate of 41 cents per share.

The company reported quarterly sales of $1.076 billion which missed the analyst consensus estimate of $1.110 billion.

On Holding said it sees FY2026 sales of $4.390 billion-$4.503 billion, versus market estimates of $4.490 billion.

David Allemann, Founder and Co-CEO of On, said, "We are proving that a brand can achieve global scale without compromising its premium brand positioning.