$SN · SharkNinja, Inc.
SharkNinja reported Q3 FY2026 results (quarter ended Sept 30, 2026): net sales up 21.2% to $1,976.4M, gross margin up 910 bps to 59.2%, net income up 79.3% to $338.4M, and adjusted EPS of $2.34 (GAAP diluted EPS $2.39). The company raised FY2026 guidance: net sales growth to 18-19% (from 16-17%), adjusted EPS to $6.65-$6.75, and adjusted EBITDA to $1,380M-$1,391M. Results were aided by $109.6M in IEEPA tariff refund claims recognized in Q3.
- Net sales rose 21.2% to $1,976.4M, the 14th consecutive quarter of double-digit growth.
- Net income rose 79.3% to $338.4M; adjusted net income rose 55.1% to $330.9M.
- Gross margin expanded 910 bps to 59.2%, aided by $109.6M in IEEPA tariff refund claims.
- FY26 adjusted EPS guidance raised to $6.65-$6.75, up 25.9%-27.8% year over year.
- Inventories rose 42.5% to $1,428.2M versus $1,002.2M at Dec 31, 2025.
Extended-hours trading shows shares up 5.19% to $221.51 versus the $210.59 regular close, signaling a positive reaction to the beat and raised guidance.
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SharkNinja's 21.2% growth and 910 bps gross margin expansion stand out in consumer durables, though a large portion of the margin gain reflects one-time IEEPA tariff refunds rather than core operations.
The raised outlook assumes current tariff levels persist, including minimum rates of 10% for Indonesia, Malaysia, and Cambodia and 12.5% for China, Vietnam, and Thailand; a large portion of Q3 margin gains came from one-time IEEPA refund claims, not recurring operations.