SharkNinja (NYSE:SN) Announces Earnings Results

Key Points

• SharkNinja beat Q3 estimates, reporting adjusted EPS of $2.34 versus $1.90 expected and revenue of $1.98 billion versus $1.87 billion; revenue rose 21.2% year over year.
• Management raised its full-year outlook, forecasting sales growth of 18%–19% and adjusted EPS of $6.65–$6.75. Growth was broad-based, including strong gains in cooking and beverage and beauty and home environment products.
• Profitability faces near-term pressure: tariff refunds benefited Q3 margins, while commodity, fuel, and currency costs remain headwinds; the company expects Q4 adjusted gross margin to decline about 100 basis points.

SharkNinja (NYSE:SN - Get Free Report) posted its earnings results on Wednesday. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $1.90 by $0.44, FiscalAI reports. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%. The business's revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 earnings per share.

Here are the key takeaways from SharkNinja's conference call:

• Strong growth led to higher 2026 guidance: Q3 net sales rose 21.2% year over year, with growth in both domestic and international markets. SharkNinja raised its full-year sales growth outlook to 18%–19% and its adjusted EPS range to $6.65–$6.75.
• Growth was broad-based, including in the core business: Management highlighted strong U.S. performance, international gains, and momentum across several categories; cooking and beverage sales rose 36.6%, while beauty and home environment grew 45.8%. Executives said innovation and refreshed assortments are supporting the established business as well as newer categories.
• International and digital channels are expanding the company’s reach: SharkNinja expects international sales growth to re-accelerate in Q4 and plans to have TikTok Shop operating in 14 countries ahead of the holiday season. Management also said social content generates off-platform sales, though these channel opportunities remain company projections.
• Q3 profitability benefited from tariff refunds, while underlying costs remain a headwind: Excluding the refund benefit, adjusted gross margin would have been down about 100 basis points, reflecting commodity, fuel, and foreign-exchange pressures. The company expects Q4 adjusted gross margin to decline about 100 basis points and adjusted EBITDA growth to slow to roughly 9%, citing the timing of reinvestments intended to support future growth.

SharkNinja Price Performance

SN traded up $12.72 during trading on Wednesday, reaching $223.31. The stock had a trading volume of 1,732,697 shares, compared to its average volume of 1,816,078. The stock has a 50 day moving average of $184.11 and a two-hundred day moving average of $143.59. The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $31.46 billion, a price-to-earnings ratio of 45.51, a price-to-earnings-growth ratio of 2.52 and a beta of 1.21. SharkNinja has a 1-year low of $83.12 and a 1-year high of $224.57.

Analyst Ratings Changes

Several analysts recently weighed in on SN shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $204.00 price objective on shares of SharkNinja in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of SharkNinja from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Oppenheimer upped their target price on shares of SharkNinja from $145.00 to $170.00 and gave the stock an "outperform" rating in a research report on Monday, July 13th. Bank of America raised their price target on shares of SharkNinja from $145.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Finally, UBS Group reaffirmed a "buy" rating and set a $219.10 price target on shares of SharkNinja in a report on Wednesday, August 12th. Thirteen analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $198.70.

SharkNinja News Roundup

Here are the key news stories impacting SharkNinja this week:

• Positive Sentiment: SharkNinja reported Q3 2026 adjusted earnings of $2.34 per share, above the roughly $1.90 consensus, and revenue of $1.98 billion versus estimates of $1.87 billion. Revenue rose 21.2% year over year, while EPS increased from $1.50 a year earlier. SharkNinja tops Q3 earnings and revenue estimates
• Positive Sentiment: Coverage of the results highlighted margin improvement and raised guidance, alongside optimism about the holiday season—supportive signals for expected profitability and demand. SharkNinja Q3 2026 earnings, margin and guidance SharkNinja earnings and holiday outlook
• Neutral Sentiment: BTIG began coverage of SharkNinja, but the available report details do not specify its rating or price target, so the investment implication is unclear. BTIG begins coverage on SharkNinja
• Negative Sentiment: Valuation may limit further gains: a pre-earnings analysis cited a GF Value estimate suggesting about 33% downside. This is a valuation model, not a guaranteed forecast, but it highlights risk if growth or expectations disappoint. Earnings watch: SharkNinja Q3 2026 and GF Value

Insider Buying and Selling at SharkNinja

In related news, insider Neil Shah sold 50,000 shares of SharkNinja stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the transaction, the insider directly owned 497,220 shares of the company's stock, valued at $92,661,919.20. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 100,000 shares of company stock valued at $18,613,911 in the last ninety days. Corporate insiders own 40.80% of the company's stock.

About SharkNinja

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances under the Shark and Ninja brands. Its products are designed for everyday household tasks, with an emphasis on convenience, performance and accessible innovation.

The company's portfolio includes vacuum cleaners and floor-care products, air purifiers, cooking appliances, blenders and food-preparation systems, coffee and beverage products, hair-care devices, and other home appliances.

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