Callaway Golf Company research snapshot
CALY AI stock analysis as of the August 4, 2026 data cutoff reads Callaway Golf Company as a post-divestiture golf equipment and apparel business with improving margins and a cleaner balance sheet, trading at an elevated valuation. The stock traded at $19.00 on August 3, 2026 at 3:08 PM EDT, up 0.54 or 2.93% from the $18.46 close on July 31, within a session range reported near $18.52 to $19.10, carrying a market capitalization near $3.42 billion, reported by StockAnalysis.com and Google Finance and consistent with the $19.00 price times 179.76 million shares outstanding. Q1 2026 results, released May 7, 2026, showed net sales up 9.2% to $687.5 million, non-GAAP gross margin up 260 basis points to 47.7%, non-GAAP net income from continuing operations up 95.8% to $111.8 million, and adjusted EBITDA up 31.1% to $163.7 million, and management raised full-year 2026 net sales guidance to $2.015 billion to $2.070 billion with adjusted EBITDA of $211 million to $233 million. The balance sheet improved with the payoff of $258 million of convertible notes on May 1, 2026 and the full repayment of the term loan B facility on June 1, 2026. The stock has rallied roughly 133% over the trailing 52 weeks and trades above its 50-day and 200-day moving averages near $17.53 and $14.18, about 6% below the July 16 high near $20.28. Q2 2026 earnings are scheduled for August 4, 2026 after the market close, and the stock already prices in a large share of the recovery. This page uses scenario ranges and source checks, not a certain stock price prediction, and is for informational use only.
Current price
$19.00 at the August 3, 2026, 3:08 PM EDT reading, up 0.54 or 2.93% from the $18.46 July 31 close, within a session range reported near $18.52 to $19.10 after opening at $18.52
Market cap
$3.42 billion
AI score
58 / 100
Rating
Focused golf equipment and apparel business with improving margins and a cleaner balance sheet, trading at an elevated forward multiple
Trend status
Uptrend above the 50-day and 200-day moving averages near $17.53 and $14.18, roughly 6% below the July 16, 2026 high near $20.28, with Q2 2026 earnings due August 4, 2026 after the market close
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Callaway Golf designs, manufactures, and sells golf clubs, balls, apparel, and accessories under the Callaway, Odyssey, TravisMathew, OGIO, and Strata brands. Q1 2026 net sales rose 9.2% with non-GAAP gross margin up 260 basis points to 47.7%, and TTM free cash flow was near $184 million on the March 31, 2026 financials page basis. | Medium-high |
| Moat | Brand moat from the Callaway, Odyssey, and TravisMathew names, R&D in club technology, tour player contracts, and long-standing retail distribution. Switching costs are low for individual consumers, and competition from Acushnet (GOLF), TaylorMade, and Ping limits pricing power. | Medium |
| Management | CEO Chip Brewer led the company through the Topgolf divestiture, the January 2026 name change back to Callaway Golf Company, the payoff of $258 million of convertible notes on May 1, 2026, and the full repayment of the term loan B facility on June 1, 2026. Q1 2026 execution was strong, with adjusted EBITDA up 31.1%, and management raised full-year guidance. | Medium-high |
| Financial trend | TTM revenue near $2.05 billion, TTM operating income near $218 million, TTM net income near $12 million, and TTM free cash flow near $184 million on the March 31, 2026 financials page basis. GAAP totals for 2024 and 2025 were dominated by large discontinued operations charges tied to the Topgolf divestiture. | Medium-high |
| Valuation | At the $19.00 price, forward PE near 25.4x on the statistics page and about 28x on the FY2026 adjusted EPS consensus of $0.68, with PS near 1.61x, P/FCF near 15.6x, and EV/EBITDA near 12.7x. The average analyst target near $18.80 sits at or slightly below the price, so the market already prices in the expected EPS recovery. | Medium-high |
| Technical trend | CALY trades near $19.00, above the 50-day moving average near $17.53 and the 200-day moving average near $14.18, roughly 6% below the 52-week high of $20.28 set on July 16, 2026, with 14-day RSI near 59.67. | Medium |
| Risk level | Main risks include Q2 2026 results due August 4, 2026, flat Q2 revenue expectations after a timing-boosted Q1, tariffs near $18 million in Q1, consumer discretionary and golf participation sensitivity, GAAP earnings noise from discontinued operations, an average analyst target at or below the price, and competition from Acushnet, TaylorMade, and Ping. | Medium-high |
| AI confidence | High for descriptive facts and cross-checked math across StockAnalysis.com, Google Finance, and the Q1 2026 earnings release. Lower for forward return estimates because consumer spending, tariffs, and the EPS ramp are uncertain. | High data confidence |
| Investment certainty | Medium-low certainty. The page gives a research framework and scenario ranges, not a buy or sell instruction. | Medium-low |
CALY AI stock forecast
The CALY AI stock forecast uses scenario math around the $19.00 August 3, 2026 reading and the FY2026 adjusted EPS consensus of $0.68. The three-scenario framework produced a bearish area near $9, a base area near $15, and a bullish area near $24 over three years, using adjusted EPS growth of 4%, 12%, and 20% and exit multiples of 12x, 16x, and 20x. These are scenarios, not price commitments.
$21 to $25
More likely if golf equipment demand stays strong, the Apparel, Gear and Other segment keeps expanding, non-GAAP gross margin stays above 45%, tariffs stay contained, Q2 2026 results beat the $605 million revenue and $0.35 EPS consensus, and the market keeps the stock on a premium multiple near 20x forward earnings as adjusted EPS reaches $1.15 or more.
$13 to $17
More likely if CALY compounds adjusted EPS in the low double digits, Q2 2026 results land near the flat revenue consensus, golf demand tracks historical patterns, and investors value the stock near 15x to 16x forward earnings.
$7 to $11
More likely if consumer spending weakens, golf participation declines, tariffs escalate further, Q2 2026 guidance disappoints, or the market compresses the multiple as adjusted EPS growth stalls below the consensus path.
CALY AI technical analysis
CALY AI technical analysis shows a stock that has been in a strong uptrend, rising roughly 133% over the trailing 52 weeks from a low near $8.00, and trading near $19.00 as of the August 3, 2026, 3:08 PM EDT reading. The stock set its 52-week high near $20.28 on July 16, 2026, pulled back to about $18.24 by late July, and then recovered. It trades above the 50-day moving average near $17.53 and the 200-day moving average near $14.18, with 14-day RSI near 59.67, strong but not overbought, and Q2 2026 earnings due August 4 are the next catalyst.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $19.00 | StockAnalysis.com real-time quote at the August 3, 2026, 3:08 PM EDT reading, up 0.54 or 2.93% from the $18.46 July 31 close within a session range reported near $18.52 to $19.10 after opening at $18.52; Google Finance showed $18.98 at 3:10 PM EDT. The reported $3.42 billion market cap matches the price times 179.76 million shares outstanding. |
| Near support | $18.30 to $18.60 | The 20-day moving average computed near $18.57 from the StockAnalysis.com daily price history through August 3, 2026 is the first pullback reference, and the $18.24 to $18.46 late-July lows add nearby support. |
| Key support | $17.50 to $17.70 | StockAnalysis.com statistics reported the 50-day moving average near $17.53 on August 3, 2026, a natural stop reference for the medium-term uptrend. |
| Next support | $16.70 to $17.10 | The June 2026 trading clustered near $16.75 to $17.10, which offers the next support zone below the 50-day average. |
| Major support | $14.18 | StockAnalysis.com statistics reported the 200-day moving average near $14.18 on August 3, 2026, the longer-term trend line that has supported the rally. |
| Near resistance | $19.30 to $19.50 | The mid-July and late-July highs clustered near $19.34 to $19.76, creating overhead supply just above the current price. |
| Major resistance | $20.28 | The 52-week high set on July 16, 2026 is the major overhead level; a close above it on strong volume would open a move to new highs. |
| 5-day moving average | $18.48 | Computed as the simple average of the five closing prices through August 3, 2026 in the StockAnalysis.com daily price history, just below the current price, which signals short-term momentum is intact. |
| 20-day moving average | $18.57 | Computed as the simple average of the twenty closing prices through August 3, 2026 in the StockAnalysis.com daily price history, a short-term support reference. |
| 50-day moving average | $17.53 | StockAnalysis.com statistics reported the 50-day moving average near $17.53 on August 3, 2026, below the current price and confirming the medium-term uptrend. |
| 200-day moving average | $14.18 | StockAnalysis.com statistics reported the 200-day trend line near $14.18 on August 3, 2026, well below the current price and confirming the longer-term uptrend. |
| Momentum | RSI near 59.7 | The 14-day RSI was near 59.67 on StockAnalysis.com statistics on August 3, 2026, strong but not overbought. |
| Volume | About 1.67 million average shares | StockAnalysis.com statistics listed 20-day average volume near 1.67 million shares on August 3, 2026, with the August 3 reading near 1.1 million shares, so watch for volume confirmation on any breakout attempt. |
| Volatility | Beta near 0.93 | The 5-year beta is near 0.93 on StockAnalysis.com statistics and 0.92 on Google Finance, with the price about 6.3% below the 52-week high, so position sizing should account for moves around the August 4 earnings report. |
| Invalidation | Close below $17.50 | A decisive close below the 50-day moving average near $17.53 would weaken the medium-term uptrend; a close below the 200-day near $14.18 would turn the longer-term trend bearish. |
CALY AI trading strategy
The CALY AI trading strategy is a rules-based research framework for monitoring a post-divestiture golf equipment stock in a strong uptrend ahead of the Q2 2026 report. It is not personal advice and should be paired with fresh chart data, the August 4 earnings release, consumer spending trends, position sizing, and a defined invalidation level.
With the stock above its 50-day and 200-day moving averages and below the July 16 high, a trend-following approach would watch for a reclaim of the $19.30 to $19.50 zone and a breakout above $20.28 on above-average volume before considering entry, with a stop below the 50-day average near $17.53.
The August 4, 2026 Q2 report is a binary catalyst. If CALY breaks below $18.30 or the 50-day average near $17.53, the trend signal weakens and positions should be reviewed.
If CALY pulls back to the $17.50 to $17.70 zone without fundamental damage from Q2 results, a mean-reversion trader could look for bullish divergence on RSI and volume exhaustion signals before acting, with a tight stop.
Consumer cyclical stocks can gap on guidance, tariff news, or retail sales data. A maximum loss rule near 5% to 7% is prudent.
Track Q2 2026 results due August 4, segment revenue growth, non-GAAP gross margin, adjusted EBITDA, free cash flow, debt paydown, buybacks, and tariff costs.
Reduce confidence if adjusted EPS growth depends mainly on cost cuts and buybacks rather than organic golf demand, or if Q2 guidance points to a sharper slowdown than the flat revenue signal implies.
Investment research summary
Callaway Golf designs and sells golf clubs, balls, apparel, and accessories that golfers buy to play and dress for the game. Customers pay because the Callaway, Odyssey, TravisMathew, and OGIO brands carry credibility, and golfers tend to be loyal to their preferred equipment brands.
The moat is brand and distribution based rather than a single dominant technology. It includes R&D in club technology, tour player contracts, retail relationships, and lifestyle apparel growth under TravisMathew, while consumer switching costs are low and Acushnet, TaylorMade, and Ping compete for the same shelf space.
The thesis fails if the Q1 timing benefit reverses into flat or weaker golf demand, if tariffs push input costs higher, if consumer discretionary spending softens, if GAAP earnings stay noisy, or if the expected adjusted EPS recovery from about $0.21 in 2025 to about $0.68 in 2026 does not materialize. The stock already trades above the average analyst target, so much of the good news is priced in.
CEO Chip Brewer ran the Topgolf divestiture, the January 2026 rebrand to Callaway Golf Company, the payoff of $258 million of convertible notes in May 2026, and the full repayment of the term loan B in June 2026, leaving the company near a net cash position. Q1 2026 execution with 9.2% sales growth and 31.1% adjusted EBITDA growth supports the refocus story.
Callaway operates in the golf equipment and lifestyle apparel market. Golf participation has been resilient, but the sport is cyclical and tied to consumer discretionary income and weather, and the apparel segment adds growth potential but also fashion risk. The 3-year revenue growth consensus near 1.8% suggests a modest industry backdrop.
At about 25.4x forward earnings on the statistics page and about 28x on the FY2026 adjusted EPS consensus, the stock prices in a sharp EPS recovery. The three-scenario framework points to a base area near $15, below the current price, meaning the margin of safety is thin unless the EPS ramp and multiple hold.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| CALY price | $19.00 at the August 3, 2026, 3:08 PM EDT reading, up 0.54 or 2.93% from the $18.46 July 31 close, within a session range reported near $18.52 to $19.10 after opening at $18.52, with Google Finance showing $18.98 at 3:10 PM EDT | StockAnalysis.com real-time quote and Google Finance | August 4, 2026 |
| Market capitalization | $3.42 billion, reported by StockAnalysis.com and Google Finance and consistent with the August 3 price near $19.00 times 179.76 million shares outstanding, verified by financial_rigor.py with 0.13% deviation | StockAnalysis.com quote and statistics, Google Finance, financial_rigor.py market cap verification | August 4, 2026 |
| 52-week range | $8.00 to $20.28 on StockAnalysis.com, with the 52-week high set on July 16, 2026; Google Finance lists the 52-week low near $12.26, a divergence likely driven by different trailing windows or corporate action adjustments | StockAnalysis.com quote and daily price history, Google Finance | August 4, 2026 |
| Q1 2026 GAAP results | Net sales of $687.5 million up 9.2%, income from operations of $138.2 million up 34.0%, net income from continuing operations of $74.9 million up 18.1%, total net income of $93.1 million, diluted EPS from continuing operations of $0.38, and GAAP gross margin of 47.5% up 250 basis points | Callaway Golf Q1 2026 earnings release, PRNewswire | August 4, 2026 |
| Q1 2026 non-GAAP results | Non-GAAP net income from continuing operations of $111.8 million up 95.8%, non-GAAP diluted EPS of $0.56 up 86.7%, non-GAAP income from operations of $142.2 million, non-GAAP gross margin of 47.7% up 260 basis points, and adjusted EBITDA of $163.7 million up 31.1% | Callaway Golf Q1 2026 earnings release, PRNewswire | August 4, 2026 |
| Q1 2026 segment results | Golf Equipment net sales of $486.2 million up 9.5% with segment operating income of $117.6 million at 24.2% of sales, and Apparel, Gear and Other net sales of $201.3 million up 8.4% with segment operating income of $52.0 million at 25.8% of sales | Callaway Golf Q1 2026 earnings release, PRNewswire | August 4, 2026 |
| FY2026 guidance raised | Full-year 2026 net sales outlook raised to $2.015 billion to $2.070 billion and adjusted EBITDA outlook raised to $211 million to $233 million, after Q1 net sales of $687.5 million included some timing benefits between quarters | Callaway Golf Q1 2026 earnings release | August 4, 2026 |
| Q2 2026 earnings date | Q2 2026 results scheduled for August 4, 2026 after the market close, announced July 28, 2026, with Google Finance consensus estimates of about $605.63 million revenue and $0.35 EPS for the quarter | Callaway Golf release schedule press release, StockAnalysis.com earnings date, Google Finance estimates | August 4, 2026 |
| Debt reduction | On May 1, 2026 the company settled in full its $258 million of convertible notes in cash and remained in a net cash position, and on June 1, 2026 it announced full repayment of the remaining approximately $163 million under its term loan B facility after a voluntary $1 billion prepayment | Callaway Golf Q1 2026 earnings release and June 1, 2026 PRNewswire release | August 4, 2026 |
| Buybacks | Repurchased $79 million of outstanding common shares through April 2026, including $75 million in open market transactions | Callaway Golf Q1 2026 earnings release | August 4, 2026 |
| Tariff exposure | Approximately $18 million of incremental tariff expense in Q1 2026, partially offset by higher sales, improved gross margins, and cost savings initiatives | Callaway Golf Q1 2026 earnings release | August 4, 2026 |
| TTM income statement | TTM revenue near $2.05 billion, gross profit near $630.6 million, operating income near $218.2 million, pretax income near $11.8 million, net income near $11.8 million, and diluted EPS near $0.14 for the twelve months ended March 31, 2026 | StockAnalysis.com financials income statement, Fiscal.ai | August 4, 2026 |
| TTM income statement, statistics basis | The StockAnalysis.com statistics page reports TTM revenue near $2.12 billion, a trailing net loss near $318.3 million, and loss per share near $1.73; this page uses the March 31, 2026 financials page basis as primary and flags the statistics basis as secondary | StockAnalysis.com statistics | August 4, 2026 |
| TTM cash flow | Operating cash flow near $250.2 million, capital expenditures near $66.3 million, and free cash flow near $183.9 million for the twelve months ended March 31, 2026, with the statistics page listing free cash flow near $219.2 million and free cash flow per share near $1.22 | StockAnalysis.com cash flow statement and statistics | August 4, 2026 |
| Balance sheet, March 31, 2026 | Cash and cash equivalents of $499.5 million, total debt of $675.1 million, net debt of $175.6 million, shareholders equity of $2.124 billion, book value per share near $11.24, and tangible book value per share near $6.79 | StockAnalysis.com financials balance sheet, Fiscal.ai | August 4, 2026 |
| FY2025 annual results | Revenue of $2.06 billion down 0.85%, operating income of $128.1 million, net income from continuing operations of $38.8 million, a total net loss of $409.3 million including $448.1 million from discontinued operations, EPS of negative $2.23, free cash flow of $302.2 million, and total debt of $1.673 billion | StockAnalysis.com financials, Fiscal.ai | August 4, 2026 |
| FY2024 and earlier revenue trend | FY2024 revenue of $2.078 billion with a total net loss of $1.448 billion, FY2023 revenue of $2.133 billion with net income of $95 million, FY2022 revenue of $3.996 billion with net income of $157.9 million, and FY2021 revenue of $3.133 billion with net income of $350.6 million, with the 2021 to 2022 figures including the Topgolf business | StockAnalysis.com financials, Fiscal.ai | August 4, 2026 |
| FY2025 product revenue | Golf clubs of $1.053 billion, golf balls of $322.2 million, apparel of $398.8 million, and gear, accessories and other of $286.2 million, totaling $2.06 billion | StockAnalysis.com financials KPIs, Fiscal.ai | August 4, 2026 |
| Shares outstanding | 179.76 million shares outstanding, up 0.08% year over year and up 10.22% quarter over quarter, with insider ownership near 13.26% and institutional ownership near 81.84% | StockAnalysis.com statistics | August 4, 2026 |
| Valuation check | Forward PE near 25.39, PS near 1.61, PB near 1.58, P/FCF near 15.60, PEG near 0.34, EV/EBITDA near 12.67, EV/Sales near 1.70, and EV/FCF near 16.40, with a PE ratio not available on the statistics page because trailing GAAP net income is negative on that basis | StockAnalysis.com statistics | August 4, 2026 |
| Analyst consensus | Buy rating with an average price target of $18.80 across 11 analysts, low $17 and high $23 with a median of $19, last updated June 26, 2026, and a rating mix of 5 Strong Buy, 5 Hold, and 1 Sell in June 2026 | StockAnalysis.com forecast and analyst ratings | August 4, 2026 |
| Analyst view, Google Finance | Based on 6 analysts rating CALY in the past 3 months, 2 Buy and 4 Hold, with 12-month price targets of $20.00 high, $18.17 average, and $16.00 low | Google Finance analyst ratings | August 4, 2026 |
| Recent analyst target updates | UBS raised to $19 from $15 on June 26 with Hold, Truist raised to $19 from $17 on June 15 with Buy, J.P. Morgan raised to $18 from $17 on June 11 with Hold, Goldman Sachs initiated at $17 on June 11 with Hold, Roth MKM raised to $20 from $16 on May 8 with Buy, and Bank of America raised to $16 from $15 on May 4 with Hold | StockAnalysis.com forecast latest forecasts | August 4, 2026 |
| Consensus estimates | FY2026 revenue estimate of $2.07 billion with adjusted EPS of $0.68, FY2027 revenue estimate of $2.13 billion with adjusted EPS of $0.79, and 3-year revenue growth forecast near 1.77% with 3-year EPS growth forecast near 58.93% | StockAnalysis.com forecast financial forecast | August 4, 2026 |
| Technical snapshot | 50-day moving average near $17.53, 200-day moving average near $14.18, 14-day RSI near 59.67, 20-day average volume near 1.67 million shares, 52-week price change near +133.01%, and 5-year beta near 0.93 | StockAnalysis.com statistics | August 4, 2026 |
| Computed moving averages | 5-day moving average near $18.48, 10-day near $18.35, and 20-day near $18.57, computed as simple averages of the StockAnalysis.com daily closing price history through August 3, 2026 | StockAnalysis.com daily price history, computed by financial_rigor.py calc | August 4, 2026 |
| Short interest | 8.48 million shares short, up from 6.81 million the prior month, 4.72% of shares outstanding, 5.44% of float, and 3.61 days to cover | StockAnalysis.com statistics short selling | August 4, 2026 |
| Company profile | Callaway Golf Company designs, manufactures, and sells golf equipment, apparel, and accessories under the Callaway, Odyssey, TravisMathew, OGIO, and Strata brands, was formerly known as Topgolf Callaway Brands Corp, renamed in January 2026 after selling a 60% stake in Topgolf to a group led by Leonard Green & Partners, was founded in 1982, is headquartered in Carlsbad, California, and has about 28,000 employees | StockAnalysis.com company profile and Google Finance profile | August 4, 2026 |
| Three-scenario valuation | Using FY2026 adjusted EPS consensus of $0.68 over three years, the bullish case near $23.5 assumes 20% growth and a 20x multiple, the base case near $15.3 assumes 12% growth and a 16x multiple, and the bearish case near $9.2 assumes 4% growth and a 12x multiple, per financial_rigor.py three-scenario | financial_rigor.py three-scenario valuation | August 4, 2026 |
This CALY AI stock analysis is an informational research tool only and is not investment advice, financial advice, or a recommendation to buy or sell CALY stock. Forecast scenarios are based on available public data, technical snapshots, and stated assumptions as of the August 4, 2026 data cutoff and may be wrong, incomplete, or outdated after the Q2 2026 earnings report, new guidance, tariff changes, or market moves. Always verify current filings, prices, risks, and personal suitability before making financial decisions.
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