SharkNinja Reports Third Quarter 2026 Results
SharkNinja, Inc. (SN) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 SharkNinja Reports Third Quarter 2026 Results Raises Fiscal Year 2026 Outlook Across Key Metrics on Strong Operational Performance NEEDHAM, Massachusetts, November 4, 2026 – SharkNinja, Inc. (“SharkNinja” or the “Company”) (NYSE: SN), a global product design and tech
How this was made
The 30-second read
Why it matters
The raised guidance and strong margin expansion are likely to attract buying, especially after the after‑hours release.
Market read
Earnings beat and raised outlook provide a clear catalyst for SN, with potential spillover to the broader consumer‑tech sector.
What to watch
Inventory buildup (+42% YoY) could pressure cash flow if demand slows.
SharkNinja Reports Third Quarter 2026 Results Raises Fiscal Year 2026 Outlook Across Key Metrics on Strong Operational Performance
Third-quarter net sales increased 21.2%, every reported product category grew, Adjusted EBITDA increased 45.7%, and the Company raised fiscal 2026 net sales, Adjusted Net Income per diluted share, and Adjusted EBITDA outlooks.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Q3 2026 net salesGAAP | $1.98B | – | 21.2% |
| Nine Months 2026 net salesGAAP | $5.15B | – | – |
| Q3 2026 gross profitGAAP | $1.17B | – | 43.1% |
| Q3 2026 gross marginGAAP | 59.2% of net sales | – | 910 basis points |
| Nine Months 2026 gross profitGAAP | $2.73B | – | – |
| Nine Months 2026 gross marginGAAP | 52.9 % | – | – |
| Q3 2026 Adjusted Gross Profitnon-GAAP | $1.11B | – | 34.8% |
| Q3 2026 Adjusted Gross Marginnon-GAAP | 55.9% of net sales | – | 560 basis points |
| Nine Months 2026 Adjusted Gross Profitnon-GAAP | $2.66B | – | – |
| Nine Months 2026 Adjusted Gross Marginnon-GAAP | 51.6 % | – | – |
| Q3 2026 research and development expensesGAAP | $117.9M | – | 27.0% |
| Q3 2026 Adjusted Research and Development Expensesnon-GAAP | $110.6M | – | 24.4% |
| Q3 2026 sales and marketing expensesGAAP | $460.7M | – | 25.9% |
| Q3 2026 Adjusted Sales and Marketing Expensesnon-GAAP | $444.6M | – | 25.3% |
| Q3 2026 general and administrative expensesGAAP | $148.5M | – | 55.0% |
| Q3 2026 Adjusted General and Administrative Expensesnon-GAAP | $125M | – | 43.3% |
| Q3 2026 operating incomeGAAP | $442.9M | – | 68.5% |
| Q3 2026 operating marginGAAP | 22.4% of net sales | – | – |
| Q3 2026 Adjusted Operating Incomenon-GAAP | $425.5M | – | 47.2% |
| Q3 2026 Adjusted Operating Income marginnon-GAAP | 21.5% of net sales | – | – |
| Nine Months 2026 operating incomeGAAP | $786.8M | – | – |
| Nine Months 2026 Adjusted Operating Incomenon-GAAP | $857.8M | – | – |
| Q3 2026 net incomeGAAP | $338.4M | – | 79.3% |
| Q3 2026 net income marginGAAP | 17.1% of net sales | – | – |
| Q3 2026 diluted net income per shareGAAP | $2.39 | – | 79.7% |
| Q3 2026 basic net income per shareGAAP | $2.40 | – | – |
| Q3 2026 Adjusted Net Incomenon-GAAP | $330.9M | – | 55.1% |
| Q3 2026 Adjusted Net Income marginnon-GAAP | 16.7% of net sales | – | – |
| Q3 2026 Adjusted Net Income Per Sharenon-GAAP | $2.34 | – | 56.0% |
| Nine Months 2026 net incomeGAAP | $589.6M | – | – |
| Nine Months 2026 diluted net income per shareGAAP | $4.16 | – | – |
| Nine Months 2026 Adjusted Net Incomenon-GAAP | $664.0M | – | – |
| Nine Months 2026 Adjusted Net Income Per Sharenon-GAAP | $4.68 | – | – |
| Q3 2026 Adjusted EBITDAnon-GAAP | $461.3M | – | 45.7% |
| Q3 2026 Adjusted EBITDA Marginnon-GAAP | 23.3% of net sales | – | – |
| Nine Months 2026 Adjusted EBITDAnon-GAAP | $961.6M | – | – |
| Nine Months 2026 Adjusted EBITDA Marginnon-GAAP | 18.7 % | – | – |
| Q3 2026 effective tax rateGAAP | 23.3 % | – | – |
| Q3 2026 Adjusted Effective Tax Ratenon-GAAP | 21.7 % | – | – |
| Nine Months 2026 net cash provided by operating activitiesGAAP | $107.4M | – | – |
| Nine Months 2026 purchase of property and equipmentGAAP | $124.6M | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Cleaning AppliancesDriven by the corded and cordless vacuums sub-categories. | $617.2M | – | 4.1% |
| Cooking and Beverage AppliancesDriven by sales of the Ninja Luxe Café espresso machine and the strength of the Ninja Crispi. | $597.7M | – | 36.6% |
| Food Preparation AppliancesDriven by strong growth in the blending sub-category. | $485.5M | – | 18.3% |
| Beauty and Home Environment AppliancesDriven by continued strength of the skincare, air purifiers, and fan product portfolios. | $276.1M | – | 45.8% |
| DomesticGrowth within existing categories and the success of new product categories. | $1.31B | – | 19.4% |
| InternationalContinued growth in core categories. | $662.7M | – | 25.2% |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
Fiscal year 2026 outlook
- RevenueNet sales to increase 18.0% to 19.0% compared to the prior year
- Tax rateA GAAP effective tax rate of approximately 22.0% to 23.0%
- NoteAdjusted Net Income per diluted share between $6.65 and $6.75, reflecting a 25.9% to 27.8% increase compared to the prior year.
- NoteAdjusted EBITDA between $1,380 million and $1,391 million, reflecting a 21.5% to 22.5% increase compared to the prior year.
- NoteDiluted weighted average shares outstanding of approximately 142.0 million.
- NoteCapital expenditures in the range of $190 million to $210 million, tracking toward the midpoint of the range.
- NoteThe Company expects an additional approximately $35.8 million related to fiscal 2025 duties to be recognized in the fourth quarter of 2026.
- NoteOutlook assumes minimum tariff rates of 10% for Indonesia, Malaysia, and Cambodia, and 12.5% for China, Vietnam, and Thailand persist for the remainder of 2026.
Capital returns
- During the three months ended September 30, 2026, the Company repurchased 293,132 ordinary shares at an aggregate cost of $50.0 million, at an average price of $170.57 per share.
- During the nine months ended September 30, 2026, the Company repurchased 1,301,500 ordinary shares at an aggregate cost of $169.7 million, at an average price of $130.38 per share.
- Repurchases were under the $750.0 million share repurchase program authorized by the Board of Directors on February 11, 2026.
What drove it
- Net sales increased 21.2% on both a reported and constant currency basis.
- Gross margin benefited from $243.8 million related to refund claims for IEEPA duties, less $45.2 million payable to factory partners.
- Adjusted Gross Margin benefited from $134.3 million related to refund claims for IEEPA duties expensed in 2026.
- Management cited cost optimization efforts and favorable shifts in categories and channels as contributors to gross-margin expansion.
- The Company stated that Domestic growth reflected existing-category growth and new-product-category success, while International growth reflected continued core-category growth.
Concerns
- Gross margin expansion included IEEPA duty-refund benefits and related factory-partner obligations.
- Inventories increased 42.5% to $1,428.2 million as of September 30, 2026.
- Research and development, sales and marketing, and general and administrative expenses each increased as a percentage of net sales versus the prior-year quarter.
- The outlook assumes specified tariff levels persist for the remainder of 2026.
- Nine-month operating cash flow included increases in accounts receivable, inventories, and prepaid expenses and other assets.
What to watch
- Recognition of an additional approximately $35.8 million related to fiscal 2025 duties expected in the fourth quarter of 2026.
- Execution against fiscal 2026 net sales growth guidance of 18.0% to 19.0%.
- Adjusted Net Income per diluted share guidance of $6.65 to $6.75 and Adjusted EBITDA guidance of $1,380 million to $1,391 million.
- Inventory levels of $1,428.2 million and the associated working-capital effect.
- Tariff assumptions, including minimum rates of 10% for Indonesia, Malaysia, and Cambodia and 12.5% for China, Vietnam, and Thailand.
Balance sheet and cash flow
- Cash and cash equivalents were $487.8 million as of September 30, 2026.
- Available capacity under the revolving credit facility was $495.3 million as of September 30, 2026.
- Total debt, excluding unamortized deferred financing costs, was $708.8 million as of September 30, 2026.
- Inventories increased 42.5% to $1,428.2 million as of September 30, 2026, compared to $1,002.2 million as of December 31, 2025.
- Nine-month net cash provided by operating activities was $ 107,387 (in thousands), compared to $ 47,076 (in thousands).
- Nine-month net cash used in investing activities was $ 137,155 (in thousands), compared to $ 96,039 (in thousands).
- Nine-month net cash used in financing activities was $ 251,369 (in thousands), compared to $ 65,935 (in thousands).
- Cash and cash equivalents decreased by $ 289,474 (in thousands) during the nine months ended September 30, 2026.
Analysis
SharkNinja delivered broad-based third-quarter growth, with net sales increasing 21.2% to $1,976.4 million on both a reported and constant currency basis. All four reported product categories expanded. Cooking and Beverage Appliances increased 36.6%, Beauty and Home Environment Appliances increased 45.8%, Food Preparation Appliances increased 18.3%, and Cleaning Appliances increased 4.1%. Domestic net sales increased 19.4% and International net sales increased 25.2%, which management attributed to existing-category growth, new product categories, and continued core-category growth.
Reported profitability expanded faster than sales. Gross profit increased 43.1% to $1,170.0 million and gross margin rose 910 basis points to 59.2% of net sales. Adjusted Gross Profit increased 34.8% to $1,105.7 million and Adjusted Gross Margin increased 560 basis points to 55.9% of net sales. The reported gross-margin result included $243.8 million from IEEPA duty-refund claims, less $45.2 million payable to factory partners. Adjusted Gross Margin included $134.3 million related to IEEPA duty refunds expensed in 2026, while the Company excluded benefits attributable to duties expensed in 2025 from its adjusted results.
Operating expenses rose across functions. Research and development expenses increased 27.0%, sales and marketing expenses increased 25.9%, and general and administrative expenses increased 55.0%. Despite these increases, operating income increased 68.5% to $442.9 million, while Adjusted Operating Income increased 47.2% to $425.5 million. Net income increased 79.3% to $338.4 million, diluted EPS increased 79.7% to $2.39, and Adjusted EBITDA increased 45.7% to $461.3 million, with Adjusted EBITDA Margin reaching 23.3%.
Cash flow and working capital merit attention. Nine-month net cash provided by operating activities was $ 107,387 (in thousands), while inventories increased 42.5% to $1,428.2 million from December 31, 2025. The Company ended the period with $487.8 million of cash and cash equivalents, $495.3 million of revolving-credit-facility capacity, and $708.8 million of total debt excluding unamortized deferred financing costs. It repurchased $50.0 million of ordinary shares in the quarter and $169.7 million in the nine-month period.
Management raised fiscal 2026 expectations for net sales growth to 18.0% to 19.0%, Adjusted Net Income per diluted share to $6.65 to $6.75, and Adjusted EBITDA to $1,380 million to $1,391 million. The updated outlook reflects continued operating strength and tariff-refund benefits. It also assumes minimum tariff rates of 10% for Indonesia, Malaysia, and Cambodia and 12.5% for China, Vietnam, and Thailand through the remainder of 2026. The expected recognition of an additional approximately $35.8 million associated with fiscal 2025 duties in the fourth quarter is a further reported-period and outlook item to monitor.
Management, verbatim
Q3 net sales grew 21.2%, marking our second consecutive quarter above 20% and our 14th consecutive quarter of double-digit growth. Our topline strength was well balanced across Domestic and International, with tremendous performance across channels, categories, and geographies.
Mark Barrocas, Chief Executive Officer
Not in the filing
stated, not guessed- Previous-release outlook section was not provided, so no actual-versus-prior-guidance comparison is presented.
- Quarterly operating cash flow was not reported.
- Free cash flow was not reported.
- Dividend information was not reported.
- Prior-quarter comparisons were not reported for the presented key metrics.
- Fiscal 2026 gross-margin guidance and operating-expense guidance were not reported.
- Forward-looking GAAP net income reconciliation was not provided.
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was checked against the filing text, and a metric whose value, prior period and change do not add up is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
SharkNinja, a NYSE‑listed consumer‑technology company, filed its Form 8‑K Q3 earnings release.
Ticker impact
SharkNinja reported Q3 2026 results and issued raised fiscal 2026 outlook, increasing net sales guidance to 18‑19% YoY and adjusted EPS guidance to $6.65‑$6.75.
likely upward pressure as investors price in raised guidance
Revenue and earnings beat expectations, margins improved, and the company lifted its FY guidance, which typically drives buying interest.
Market effects
Positive signal for consumer appliances and home‑technology sector, may lift peers.
U.S. consumer discretionary stocks could see modest gains.
Limited; primarily impacts U.S. market participants.
Counterpoint
Higher guidance may already be priced in; execution risk on new product lines could temper upside.
Key entities
- companySharkNinja, Inc.
Issuer of the earnings release.
