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Articles · Market Video, Morning Watch

ONON: Record Q3 Sales and Unchanged Full-Year Outlook

On reported Q3 sales growth and record gross margin while keeping its full-year constant-currency sales outlook.

Published Nov 10, 2026

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TL;DR

  • On's Q3 net sales rose 17.2% to CHF 931.4 million, a record quarter.
  • Gross margin was 72.6%, or 66.9% excluding U.S. tariff refunds.
  • The unchanged full-year sales outlook calls for low-20% growth on a constant-currency basis.

On reported third-quarter net sales of CHF 931.4 million, up 17.2% in Swiss francs. Gross margin reached 72.6%; the company said it was 66.9% excluding U.S. tariff refunds. On kept its full-year expectation for sales growth in the low-20% range on a constant-currency basis. The reported and adjusted margin measures should remain separate. Watch the ONON Short.

Completed November 9 chart

ONON closed the regular session at $37.53 inside the TradingView YTP Zones $37.31–$38.03 area, with a lower support zone at $35.07–$35.79. Its $31.69 50-day and $36.36 200-day averages were below the close. Those values are dated, not premarket quotes or forecasts.

TradingView daily chart through the completed November 9 regular session. Open full size to read dated levels; current premarket quotes are not plotted.Open chart to enlarge and pan at full size.

See the November 10 Daily Levels and Morning Map. Market research only, not a recommendation to buy or sell.

Source: On Q3 2026 SEC earnings exhibit; TradingView daily chart with visible attribution.

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