SharkNinja Reports Strong Q3 2026 Results and Raises Full-Year Guidance

Executive Summary

On November 4, 2026, SharkNinja, Inc. (NYSE: SN) filed an 8-K reporting financial results for the third quarter ended September 30, 2026, and raised its full-year fiscal 2026 guidance across key metrics.

Key Financial Highlights (Q3 2026 vs. Q3 2025)

• Net Sales: Increased 21.2% year-over-year to $1,976.4 million (both reported and constant currency), up from $1,630.2 million.
• Gross Margin: GAAP gross margin expanded by 910 basis points to 59.2% ($1,170.0 million), and Adjusted Gross Margin rose 560 basis points to 55.9% ($1,105.7 million).
• Operating Income: Increased 68.5% to $442.9 million (22.4% of net sales); Adjusted Operating Income increased 47.2% to $425.5 million (21.5% of net sales).
• Net Income & EPS: GAAP net income increased 79.3% to $338.4 million ($2.39 per diluted share vs. $1.33). Adjusted Net Income increased 55.1% to $330.9 million ($2.34 per diluted share vs. $1.50).
• Adjusted EBITDA: Rose 45.7% to $461.3 million, representing 23.3% of net sales.

Segment & Regional Performance

• Cleaning Appliances: Net sales increased 4.1% to $617.2 million.
• Cooking and Beverage Appliances: Net sales jumped 36.6% to $597.7 million, propelled by the Ninja Luxe Café espresso machine and Ninja Crispi.
• Food Preparation Appliances: Net sales rose 18.3% to $485.5 million, led by blending products.
• Beauty and Home Environment: Net sales increased 45.8% to $276.1 million, driven by skincare, air purifiers, and fans.
• Geographic Split: Domestic net sales increased 19.4% to $1,311.2 million, while International net sales grew 25.2% to $665.2 million.

Tariffs and IEEPA Duties

Gross profit was positively impacted by $243.8 million in refund claims for duties previously paid under the International Emergency Economic Powers Act (IEEPA), less $45.2 million payable to factory partners. Adjusted metrics excluded $109.6 million recognized in Q3 related to fiscal 2025 duties.

Raised Fiscal Year 2026 Guidance

• Net Sales Growth: 18.0% to 19.0% (up from 16.0% to 17.0%).
• Adjusted Diluted EPS: $6.65 to $6.75 (up from $6.45 to $6.55), reflecting 25.9% to 27.8% YoY growth.
• Adjusted EBITDA: $1,380 million to $1,391 million (up from $1,357 million to $1,369 million).
• Capital Expenditures: $190 million to $210 million (tracking toward midpoint).

Balance Sheet & Capital Return

• Cash and cash equivalents stood at $487.8 million with $495.3 million in available revolving credit facility capacity.
• Total debt (excluding unamortized deferred financing costs) was $708.8 million.
• During Q3 2026, the company repurchased 293,132 ordinary shares for $50.0 million (average price of $170.57 per share), bringing nine-month repurchases to 1,301,500 shares for $169.7 million.