---
schema_version: "secwatch.filing_event.v1"
accession: "0000837465-26-000016"
form_type: "8-K"
ticker: "CALY"
cik: "0000837465"
company_name: "Callaway Golf Co"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:20:24.612673+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Callaway Q1 net sales $687.5M (+9%), Adj. EBITDA +31%; raises FY2026 outlook

## Summary
- Q1 GAAP net income from continuing ops $74.9M ($0.38 diluted EPS); non-GAAP EPS $0.56, up 87% YoY.
- Q1 Adjusted EBITDA $163.7M, up 31.1%; gross margin expanded ~260 bps to 47.7% on non-GAAP basis.
- Full year net sales guidance raised to $2.015-2.070B (prev. $1.98-2.05B); Adj. EBITDA raised to $211-233M (prev. $170-195M).
- Repurchased $79M in shares through April; settled $258M convertible notes in cash on May 1, 2026.
- Golf Equipment segment sales +9.5%; Apparel, Gear and Other +8.4%; incremental $18M tariff expense absorbed.

## SEC filing metadata
- accession: 0000837465-26-000016
- form_type: 8-K
- ticker: CALY
- cik: 0000837465
- company_name: Callaway Golf Co
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/837465/000083746526000016/0000837465-26-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/837465/000083746526000016/modg-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000837465-26-000016
- JSON: https://secwatch.observer/filing/0000837465-26-000016.json
- Plain text: https://secwatch.observer/filing/0000837465-26-000016.txt

## Source-grounded claims
- claim_id: 601f236135841b4eb064db20b7ae8d8f4adefd5e
  claim: Callaway Golf Co reported full year 2026 results: revenue $2.015 billion - $2.070 billion. Guidance raised.
  evidence_excerpt: Increasing full year 2026 net sales outlook to $2.015 billion - $2.070 billion and Adjusted EBITDA outlook to $211 million - $233 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000083746526000016/0000837465-26-000016-index.htm
- claim_id: b7d62d90dbbd22c6f414b5840965dee9bc1e4072
  claim: Callaway Golf Co updated its first quarter ended March 31, 2026 guidance (raised).
  evidence_excerpt: Callaway Golf Company (the “Company,” “Callaway,” “we,” “our,” “us”) (NYSE: CALY) announced its financial results for the first quarter ended March 31, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000083746526000016/0000837465-26-000016-index.htm
- claim_id: b7d62d90dbbd22c6f414b5840965dee9bc1e4072
  claim: Callaway Golf Co updated its first quarter ended March 31, 2026 guidance (raised).
  evidence_excerpt: Non-GAAP net income (loss) from continuing operations $ 111.8 $ 57.1 $ 54.7 95.8 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000083746526000016/0000837465-26-000016-index.htm
- claim_id: b7d62d90dbbd22c6f414b5840965dee9bc1e4072
  claim: Callaway Golf Co updated its first quarter ended March 31, 2026 guidance (raised).
  evidence_excerpt: Q1 Non-GAAP Net Income from Continuing Operations increased 96%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000083746526000016/0000837465-26-000016-index.htm
- claim_id: b7d62d90dbbd22c6f414b5840965dee9bc1e4072
  claim: Callaway Golf Co updated its first quarter ended March 31, 2026 guidance (raised).
  evidence_excerpt: First Quarter Net Sales (+9%), Net Income from Continuing Operations (+18%) and Adjusted EBITDA (+31%)
  evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000083746526000016/0000837465-26-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.