Fox Factory Narrows 2026 EBITDA Outlook

The maker of suspension products adjusted its full-year adjusted EBITDA forecast, now including tariff refunds, as higher costs offset savings.

Updated on Nov. 8, 2026 in Economic Indicators

Fox Factory narrowed its 2026 adjusted EBITDA outlook to $157 million to $162 million including tariff refunds, and to $143 million to $148 million excluding them. The new range is tighter than the prior forecast issued October 16.

Why it matters

The revision reflects how rising freight, commodity and fuel costs are offsetting cost-saving efforts at the company. Investors tracking manufacturing margins and tariff effects can use the update to gauge how much of the company's earnings depends on one-time refunds.

The company projects 2026 net sales of $1.35 billion to $1.38 billion and captured about $41 million of a roughly $50 million gross savings target in the first nine months. Whether the remaining savings will be realized depends on whether elevated freight, commodity and fuel costs persist beyond the fourth quarter.

The players

Fox Factory Holding Corp.

A U.S. manufacturer of suspension products for bicycles, powersports and automotive vehicles, headquartered in Scotts Valley, California.

The details

Fox Factory said higher freight, commodity and fuel costs largely offset its savings, which narrowed the range. The full-year outlook includes Marucci results through the September 25 sale closing, and the company's Phase 2 plan calls for exiting operations that are not margin-accretive and lowering supply-chain and materials costs.

October 16, 2026: prior adjusted EBITDA forecast issued
September 25, 2026: Marucci sale closed
November 5, 2026: narrowed 2026 EBITDA outlook announced

Macro View

Tariff refunds have become a visible component of manufacturers' 2026 earnings guidance, separating one-time relief from underlying operating performance. Fox Factory's revision shows that such refunds can mask pressure from freight, commodity and fuel costs that remain elevated.

Consumers who buy bicycles, powersports or automotive suspension products may see cost pressures from freight and materials pass through to prices over time. The company's savings effort is intended to limit that effect, but the outlook indicates those savings are being partly absorbed by higher input costs.

The takeaway

Tariff refunds can lift reported earnings, but a company's underlying margin depends on whether operating cost pressures are being controlled. Readers following manufacturers should compare adjusted figures with and without one-time items.