SharkNinja (NYSE:SN) Issues Earnings Results

Key Points

• SharkNinja exceeded quarterly expectations: EPS was $1.26 versus the $1.11 consensus, while revenue rose 22.2% year over year to $1.77 billion, driven by broad-based domestic and international growth.
• Full-year 2026 guidance was raised to adjusted EPS of $6.45–$6.55, sales growth of 16%–17%, and adjusted EBITDA of $1.36–$1.37 billion, partly reflecting an anticipated $247.1 million tariff refund.
• Profitability remains under pressure from tariffs: adjusted gross margin fell 70 basis points to 48.7%, and net income declined 7% despite higher sales; analysts nevertheless maintained a broadly positive view, with 11 Buy ratings and one Hold.

SharkNinja (NYSE:SN - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.15, FiscalAI reports. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. The company's revenue for the quarter was up 22.2% compared to the same quarter last year. SharkNinja updated its FY 2026 guidance to 6.450-6.550 EPS.

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

• Q2 net sales rose 22.2% year over year to $1.77 billion, with domestic sales up 15.5% and international sales up 36.6%; growth was broad-based across geographies and all major product categories.
• Adjusted EBITDA increased 18.6% to $265 million, while adjusted EPS grew nearly 30% to $1.26, supported by operating-expense leverage despite tariff pressure.
• SharkNinja raised its full-year 2026 outlook, now expecting sales growth of 16%-17%, adjusted EBITDA of $1.36-$1.37 billion, and adjusted EPS of $6.45-$6.55, partly reflecting an expected $247.1 million tariff refund.
• Management highlighted additional growth opportunities from core-category innovation, new products such as the Ninja Crispi Microwave, international expansion, and faster-growing channels including TikTok Shop and direct-to-consumer commerce.
• Tariffs remain a significant cost headwind; adjusted gross margin declined about 70 basis points to 48.7%, and Q2 adjusted EBITDA margin fell roughly 50 basis points to 15%.

SharkNinja Trading Down 1.4%

SN traded down $2.54 during trading on Thursday, hitting $179.57. The company's stock had a trading volume of 2,658,976 shares, compared to its average volume of 1,739,499. SharkNinja has a twelve month low of $83.12 and a twelve month high of $187.04. The stock has a market cap of $25.41 billion, a PE ratio of 36.65, a PEG ratio of 2.38 and a beta of 1.21. The firm's 50 day moving average price is $145.10 and its 200-day moving average price is $125.46. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.62.

Wall Street Analysts Forecast Growth

SN has been the topic of a number of recent research reports. Bank of America upped their target price on SharkNinja from $145.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. The Goldman Sachs Group reissued a "buy" rating and issued a $204.00 price target on shares of SharkNinja in a report on Thursday. TD Cowen upped their price objective on SharkNinja from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Guggenheim increased their price objective on SharkNinja from $175.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SharkNinja in a research note on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $181.73.

SharkNinja News Summary

Here are the key news stories impacting SharkNinja this week:

• Positive Sentiment: SharkNinja reported second-quarter EPS of $1.26, above the $1.11 consensus estimate, while revenue rose 22.2% year over year to $1.77 billion, surpassing expectations of approximately $1.65 billion. Strong demand for cooking appliances, beauty products and other devices, along with international growth, supported the results. SharkNinja Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised its fiscal 2026 outlook to adjusted EPS of $6.45–$6.55, compared with the previous consensus estimate of $6.07, and revenue of $7.4–$7.5 billion versus expectations of approximately $7.2 billion. The improved forecast reflects continued product innovation, international expansion and strong sales momentum. SharkNinja Raises Outlook After Sales Jump
• Positive Sentiment: JPMorgan raised its price target on SN to $207 from $170 and assigned an “overweight” rating, implying roughly 15% upside from the referenced share price. The upgrade reinforces the view that earnings growth and the higher outlook could support additional appreciation. Benzinga analyst update
• Neutral Sentiment: The earnings beat was helped by hot device sales, but investors may be weighing the stock’s already strong run and premium valuation, with shares trading near their 12-month high and at a reported price-to-earnings ratio of about 35.
• Negative Sentiment: Despite higher sales, second-quarter net income declined 7.0% to $129.8 million. Gross margin fell 30 basis points and adjusted gross margin decreased 70 basis points, highlighting profitability pressure from product mix, costs or investment in growth. SharkNinja Q2 2026 Earnings Call Transcript

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction on Friday, May 8th. The stock was sold at an average price of $112.97, for a total value of $782,091.31. Following the completion of the sale, the chief financial officer owned 1,750 shares of the company's stock, valued at $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 40.80% of the stock is owned by company insiders.

Institutional Trading of SharkNinja

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in SharkNinja by 17.6% in the fourth quarter. Invesco Ltd. now owns 136,118 shares of the company's stock valued at $15,232,000 after purchasing an additional 20,325 shares during the period. Corient Private Wealth LLC raised its stake in SharkNinja by 21.7% during the fourth quarter. Corient Private Wealth LLC now owns 3,233 shares of the company's stock worth $349,000 after purchasing an additional 577 shares during the period. Empowered Funds LLC purchased a new position in SharkNinja during the fourth quarter worth approximately $66,000. Utah Retirement Systems boosted its holdings in shares of SharkNinja by 2.3% in the 4th quarter. Utah Retirement Systems now owns 4,417 shares of the company's stock valued at $494,000 after purchasing an additional 98 shares during the last quarter. Finally, SummitTX Capital L.P. boosted its holdings in shares of SharkNinja by 517.0% in the 4th quarter. SummitTX Capital L.P. now owns 23,760 shares of the company's stock valued at $2,659,000 after purchasing an additional 19,909 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

About SharkNinja

SharkNinja NYSE: SN is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company's product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.

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