Nike Shares Plunge 9.5% Following Mixed Q1 Results

Key Facts

1Nike shares plunged 9.5% in pre-market trading following the release of its Q1 financial results.

2Nike's financial results showed a miss on revenue estimates despite beating earnings expectations.

Nike shares plunged 9.5% in pre-market trading following the release of its Q1 financial results. Benzinga reported that the company's financial performance showed a miss on revenue estimates, which overshadowed an earnings beat during the fiscal quarter.

NKE closed at $35.15 on October 1, 2026, prior to the sharp decline in pre-market activity. Within the broader sector context, MGRX closed at $0.4805 on October 1, 2026, as investor disappointment over revenue figures weighed on market sentiment.