Deckers Outdoor Corporation (DECK) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended September 30, 2026 and Deckers Brands published the results on October 22, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Deckers' fiscal year ends March 31, so the quarter ended September 30, 2026 is Q2 of fiscal 2027.
• Q2 fiscal 2027 includes $46.0 million of IEEPA tariff net refunds (a reduction of cost of sales) plus $3.0 million of interest, which Deckers puts at about $0.28 of diluted EPS.
• In its Q1 fiscal 2027 release (July 23, 2026), Deckers guided fiscal 2027 net sales of $5.86 billion to $5.91 billion and diluted EPS of $7.35 to $7.50, and assumed no tariff refunds. The October outlook lowers the sales range and includes refunds received through October 8, 2026.

Source: Deckers Brands Q2 fiscal 2027 results, October 22, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Deckers Brands splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• Deckers Brands's UGG brand revenue was $786 million in Q2 fiscal 2027, up 4% from $760 million in Q2 fiscal 2026, 53% of total revenue.
• Deckers Brands's HOKA brand revenue was $677 million in Q2 fiscal 2027, up 7% from $634 million in Q2 fiscal 2026, 46% of total revenue.
• Deckers Brands's Other brands revenue was $17.0 million in Q2 fiscal 2027, down 54% from $37.2 million in Q2 fiscal 2026, 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q2 fiscal 2027 release, Deckers Brands said:

“Net consolidated sales are now expected to be in the range of $5.700 billion to $5.725 billion.”

“Gross margin is now expected to be approximately 58.5%.”

“Operating margin is now expected to be approximately 23%.”

“Diluted earnings per share is now expected to be in the range of $7.80 to $7.95.”

Source: Deckers Q2 FY27 release, Oct 22, 2026.

This is the company's own guidance as of Oct 22, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the DECK forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Net sales and diluted EPS, each as first reported in that quarter's release. The December quarter is the largest because UGG sells most in the third fiscal quarter.

Deckers Brands's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Oct 22, 2026

Almost all of Deckers Brands' sales come from two footwear brands, UGG and HOKA. In Q2 fiscal 2027, net sales rose 3.5% to $1,480.6 million (2.8% in constant currency): UGG brought in $786.4 million, up 3.5%, and HOKA $677.2 million, up 6.8%. Other brands fell 54.3% to $17.0 million because Deckers phased out standalone operations of the Koolaburra brand in the prior fiscal year. (Deckers Brands Q2 fiscal 2027 release, Oct 22, 2026; Deckers Form 10-Q, Q2 fiscal 2027, Oct 29, 2026)

Wholesale net sales rose 5.5% to $1,093.0 million, while Direct-to-Consumer (DTC) net sales fell 1.8% to $387.5 million and DTC comparable net sales fell 6.4%. UGG DTC dropped 8.4% to $145.6 million, which Deckers attributed to consumers delaying purchases closer to the time of need, and domestic HOKA DTC sales were lower as consumers sought promotions at multi-brand wholesale stores. (Deckers Brands Q2 fiscal 2027 release, Oct 22, 2026; Deckers Form 10-Q, Q2 fiscal 2027, Oct 29, 2026)

International net sales rose 9.0% to $644.7 million and domestic net sales slipped 0.4% to $835.8 million. HOKA's increase came mainly from international sales across both channels, and HOKA wholesale grew 8.5% to $443.7 million on higher sell-in in both international and domestic markets. (Deckers Brands Q2 fiscal 2027 release, Oct 22, 2026; Deckers Form 10-Q, Q2 fiscal 2027, Oct 29, 2026)

Deckers sold 22.5 million units against 22.7 million a year earlier, down 0.9%, with the prior period including brands since phased out. No single customer was 10.0% or more of net sales in fiscal 2026. (Deckers Form 10-Q, Q2 fiscal 2027, Oct 29, 2026; Deckers Form 10-K, fiscal 2026, May 22, 2026)

The business is seasonal. A significant part of UGG's sales has historically come in the third fiscal quarter (October to December), while HOKA sales are spread more evenly through the year, which has partly offset that seasonality as HOKA has grown. (Deckers Form 10-K, fiscal 2026, May 22, 2026)

Deckers Brands reports only GAAP EPS. Diluted EPS rose 27% to $2.31 in Q2 fiscal 2027, including about $0.28 from IEEPA tariff net refunds: $46.0 million recorded as a reduction of cost of sales plus $3.0 million of interest income. The refunds added about 310 basis points to gross margin, which rose to 60.5% from 56.2%, and operating income rose to $389.5 million from $326.5 million. (Deckers Brands Q2 fiscal 2027 release, Oct 22, 2026)

Diluted weighted average shares were 135.3 million against 147.7 million a year earlier. Deckers repurchased about 3.2 million shares for $299.3 million in the quarter, at an average $93.65, and $637.5 million in the first half of fiscal 2027, with about $4.4 billion of authorization left. (Deckers Brands Q2 fiscal 2027 release, Oct 22, 2026)

SG&A rose to $505.7 million from $477.3 million, led by about $19.5 million more advertising, marketing and promotion for HOKA and UGG and about $7.3 million more payroll. The effective tax rate was 22.4%, against 21.7% a year earlier. (Deckers Brands Q2 fiscal 2027 release, Oct 22, 2026; Deckers Form 10-Q, Q2 fiscal 2027, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Deckers Brands gives a full-year outlook in each release. For fiscal 2027 it now expects net sales of $5.700 billion to $5.725 billion, gross margin of about 58.5%, operating margin of about 23% and diluted EPS of $7.80 to $7.95, and it expects HOKA to grow by a high-single-digit percentage and UGG by a low-single-digit percentage. (Deckers Brands Q2 fiscal 2027 release, Oct 22, 2026)

The EPS range includes about $0.52 from IEEPA tariff net refunds of $87.9 million, plus $4.7 million of interest, received through October 8, 2026, and assumes no further refunds. It also assumes share repurchases of $1.0 billion and a tax rate of about 23%. (Deckers Brands Q2 fiscal 2027 release, Oct 22, 2026)

A consensus figure is the average of the models published by the analysts who cover Deckers Brands, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Deckers Brands's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning DECK is on is DECK a buy or a sell?, what analysts expect next is on the DECK forecast, and what the company does is on the Deckers Outdoor Corporation (DECK) stock page.

Every number on this page can be traced to a document Deckers Brands published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.