On Holding Posts Record Third-Quarter Sales of CHF 931.4 Million

On Holding AG's third-quarter sales rose 17.2% to CHF 931.4 million, its first quarterly total above CHF 900 million, as it lifted its 2026 margin goal.

Currency-adjusted sales growth was 17.8%. Gross margin for the quarter was 72.6% with CHF 52.6 million in U.S. tariff refunds included. Excluding those refunds, the margin was 66.9%.

For full-year 2026, the company now targets a gross margin of about 66% without the refunds, compared with a previous minimum target of 65%. Its target with refunds included is about 67.5%.

On kept its full-year sales growth projection in the low-20% range on a constant-currency basis. At current exchange rates, that range corresponds to CHF 3.47 billion to CHF 3.56 billion.