SharkNinja (SN) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 21.2% YoY to $1,976.4M; net income increased 79.3% to $338.4M and diluted EPS rose 79.7% to $2.39.

• Growth spanned product categories, markets, channels and geographies; FY2026 sales, adjusted EPS and adjusted EBITDA outlooks were raised.

Financial highlights

• Gross profit rose 43.1% to $1,170.0M; operating income increased 68.5% to $442.9M.

• Adjusted net income rose 55.1% to $330.9M and adjusted diluted EPS increased 56.0% to $2.34.

• Adjusted EBITDA increased 45.7% to $461.3M; adjusted EBITDA margin reached 23.3% from 19.4%.

• Operating expenses rose 31.1% to $727.2M, reflecting higher marketing, personnel, share-based compensation, distribution and technology costs.

Outlook and guidance

• FY2026 net sales growth forecast raised to 18.0%–19.0% from 16.0%–17.0%.

• Adjusted diluted EPS outlook raised to $6.65–$6.75 from $6.45–$6.55; projected growth is 25.9%–27.8%.

• Adjusted EBITDA outlook raised to $1,380–$1,391M from $1,357–$1,369M; projected growth is 21.5%–22.5%.

• Guidance assumes tariff rates of 10% for Indonesia, Malaysia and Cambodia and 12.5% for China, Vietnam and Thailand through year-end; capex forecast is $190–$210M.

• FY2026 GAAP effective tax rate forecast is 22.0%–23.0%; diluted weighted-average shares forecast at 142.0M.