Here is Why On Holding (ONON) is One of the Best Low Priced Growth Stocks to Invest In

On Holding (NYSE:ONON) is one of the best low priced growth stocks to invest in now. On May 12, On Holding delivered record Q1 2026 results, with net sales increasing 14.5% year-over-year to CHF 831.9 million (26.4% on a constant currency basis). This performance represents the first time the company has surpassed CHF 800 million in quarterly net sales, supported by balanced growth across both its direct-to-consumer and wholesale channels. The company also achieved a net income of CHF 103.3 million, up 82.2% from the prior year.

Operationally, the brand saw significant regional traction in the Asia-Pacific market, which grew 44.4% to make up over 20% of global net sales. Its apparel segment expanded by 45.1%, while retail hubs continued to develop ahead of scheduled store openings in Stockholm, São Paulo, and Sydney. Driven by full-price discipline and efficiency gains, On Holding’s gross profit margin expanded by 430 basis points to 64.2%, and its adjusted EBITDA margin reached 21.0%.

Following the strong quarter, On Holding (NYSE:ONON) reiterated its full-year 2026 constant currency net sales growth guidance of at least 23% and raised its profitability outlook. The company now expects a full-year gross profit margin of at least 64.5% and an adjusted EBITDA margin between 19.5% and 20.0%, despite ongoing headwinds from higher US tariffs.

On Holding (NYSE:ONON) is a Swiss company that designs and manufactures premium athletic footwear, apparel, and accessories. The company is best known for its patented CloudTec cushioning technology.

While we acknowledge the risk and potential of ONON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ONON and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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