SharkNinja shares rise 4.1% after raising 2026 forecast

SharkNinja (SN) said on Nov. 4 that third-quarter adjusted earnings reached $2.34 per share, topping the $1.93 consensus estimate, while net sales rose 21.2% and the company raised its 2026 forecast.

Shares rose 4.1% in regular trading as of 3:59 p.m. ET, from a regular-session close of $210.59.

Net sales were $1.98 billion, up from $1.63 billion a year earlier. The company is a global product design and technology company that sells its products under the Shark and Ninja brands.

Here's how the company did:

• Adjusted EPS: $2.34 vs. $1.50 a year earlier; $1.93 expected
• Net income per diluted share: $2.39 vs. $1.33 a year earlier
• Revenue: $1.98 billion vs. $1.63 billion a year earlier; $1.93 billion expected

Revenue topped the $1.93 billion consensus estimate. Gross margin reached 59.2% of net sales, compared with 50.1% a year earlier, helped by refund claims for tariffs previously paid under the International Emergency Economic Powers Act.

Mark Barrocas, Chief Executive Officer, said: “Q3 net sales grew 21.2%, marking our second consecutive quarter above 20% and our 14th consecutive quarter of double-digit growth.” He added: “We believe this reflects our evolution into a Consumer Technology company operating at hyperscale.”

Segment results

Cooking and Beverage Appliances net sales rose 36.6% to $597.7 million, driven by the Ninja Luxe Café espresso machine and the Ninja Crispi. Beauty and Home Environment Appliances rose 45.8% to $276.1 million, on skincare, air purifiers and fans.

Cleaning Appliances net sales rose 4.1% to $617.2 million, driven by corded and cordless vacuums. Domestic net sales rose 19.4%, and International net sales rose 25.2%.

2026 guidance

For fiscal 2026, the company expects net sales to increase 18.0% to 19.0%, above its prior expectation of 16.0% to 17.0%. It expects adjusted EPS of $6.65 to $6.75, above its prior expectation of $6.45 to $6.55.

Adjusted EBITDA is now forecast at $1.38 billion to $1.39 billion, above the prior expectation of $1.36 billion to $1.37 billion. The company expects a GAAP effective tax rate of about 22.0% to 23.0%.

Tariff refunds

The company recognized $109.6 million in the third quarter for refund claims on duties paid under the International Emergency Economic Powers Act that were expensed in fiscal 2025. Those refunds were excluded from adjusted results.

The total refund claim attributable to fiscal 2025 duties is now about $145.4 million, including about $35.8 million expected in the fourth quarter. The company said it submitted additional claims of about $35.8 million after Sept. 30.

Cash and buybacks

As of Sept. 30, the company had cash and cash equivalents of $487.8 million and total debt of $708.8 million. Inventories rose 42.5% to $1.43 billion from $1.00 billion at Dec. 31, 2025.

In the first nine months, the company repurchased 1,301,500 shares for $169.7 million, at an average price of $130.38, under a $750.0 million program authorized by its board on Feb. 11.