SharkNinja (NYSE:SN) Releases Earnings Results, Beats Expectations By $0.08 EPS

Key Points

• Q1 beat and outlook raise: SharkNinja reported adjusted EPS of $1.09 vs. $1.01 expected and revenue of $1.41B (+15.6% YoY), and raised FY‑2026 guidance to $6.00–6.10 EPS with net sales growth of 11.5%–12.5% and adjusted EBITDA of $1.29B–$1.30B.
• Margin risk persists: Adjusted gross margin declined roughly 100 basis points to 49.2% due to tariffs and raw‑material/resin uncertainty, a headwind management says it is mitigating but still factors into guidance.
• Market and analyst reaction: Shares traded down about 1.8% after the results despite multiple banks raising price targets (consensus average ~$146.20); the report also noted an insider sale by the CFO, modestly reducing insider ownership.

SharkNinja (NYSE:SN - Get Free Report) released its earnings results on Wednesday. The company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08, FiscalAI reports. SharkNinja had a net margin of 10.70% and a return on equity of 30.06%. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. The company's quarterly revenue was up 15.6% on a year-over-year basis. SharkNinja updated its FY 2026 guidance to 6.000-6.10 EPS.

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

• Q1 results were strong — net sales rose ~15.6% to $1.41B, adjusted EBITDA grew ~17.5% to $235M, and adjusted EPS increased ~25% to $1.09, driven by broad-based category and geographic strength.
• Management raised full‑year 2026 guidance — net sales now expected to grow 11.5%–12.5%, adjusted EBITDA to $1.29B–$1.30B, and adjusted EPS to $6.00–$6.10, reflecting confidence in ongoing momentum.
• "Jailbreak SharkNinja" AI initiative and Hack Week are company‑wide priorities (150+ submissions, $1M prize fund) aimed at accelerating product innovation, media efficiency, supply‑chain productivity, and grassroots experimentation.
• International and omni‑channel expansion is a key growth driver — international sales grew ~31.6% in Q1, company is rolling out new DTC sites and TikTok Shop across multiple markets and converting distributor markets (e.g., Mexico) to direct operations for longer‑term upside.
• Margin and input‑cost risks remain — adjusted gross margin declined ~100 bps to 49.2% due to tariffs and raw‑material/resin uncertainty (Middle East conflict), which the company says it is mitigating but still factors into guidance.

SharkNinja Trading Down 1.8%

SN traded down $2.06 during trading hours on Thursday, reaching $113.43. The company's stock had a trading volume of 2,550,684 shares, compared to its average volume of 1,369,114. SharkNinja has a fifty-two week low of $80.69 and a fifty-two week high of $133.99. The stock has a market cap of $16.06 billion, a PE ratio of 22.87, a P/E/G ratio of 1.55 and a beta of 1.37. The business's 50-day moving average is $111.57 and its 200-day moving average is $110.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.04 and a quick ratio of 1.47.

Insiders Place Their Bets

In related news, CFO Adam Quigley sold 2,620 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total value of $299,623.20. Following the completion of the transaction, the chief financial officer directly owned 8,673 shares in the company, valued at approximately $991,844.28. This represents a 23.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.12% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its position in SharkNinja by 7.2% in the third quarter. Integrated Wealth Concepts LLC now owns 4,335 shares of the company's stock worth $447,000 after acquiring an additional 293 shares during the period. California State Teachers Retirement System grew its position in SharkNinja by 6.1% in the second quarter. California State Teachers Retirement System now owns 4,438 shares of the company's stock worth $439,000 after acquiring an additional 257 shares during the period. F m Investments LLC lifted its holdings in shares of SharkNinja by 28.3% in the 3rd quarter. F m Investments LLC now owns 3,233 shares of the company's stock worth $333,000 after acquiring an additional 714 shares during the last quarter. Bridgefront Capital LLC purchased a new position in shares of SharkNinja during the 4th quarter worth approximately $313,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of SharkNinja during the 2nd quarter worth approximately $244,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

More SharkNinja News

Here are the key news stories impacting SharkNinja this week:

• Positive Sentiment: Q1 beat and raised FY outlook — SharkNinja reported EPS $1.09 vs $1.01 est. and revenue +15.6% YoY to $1.413B; management raised FY 2026 EPS guidance to $6.00–6.10 and reiterated growth drivers (international expansion, product innovation). SharkNinja Reports First Quarter 2026 Results
• Positive Sentiment: Wall Street upgrade — JPMorgan raised its price target to $146 and put an Overweight rating on SN, signaling ~28% upside from current levels and likely supporting buyer interest. Benzinga
• Neutral Sentiment: Investor materials and call transcripts available — Management hosted an earnings call and published a slide deck; transcripts and summaries (Seeking Alpha, Yahoo, TipRanks, Zacks) give more detail for investors digging into growth drivers and international execution. Q1 Earnings Call Transcript
• Negative Sentiment: Margin compression — Gross margin and adjusted gross margin fell (roughly 10 bps and 100 bps reported), which raises questions about cost/price mix and could weigh on multiples if sustained. Zacks: Q1 Earnings Beat
• Negative Sentiment: Revenue guidance tone — Full‑year revenue was guided to a $7.1B–$7.2B range that sits at/just below consensus at the low end; investors may view the top‑line range as conservative relative to the beat, contributing to profit‑taking. Earnings Slide Deck

Analysts Set New Price Targets

SN has been the subject of several research reports. Morgan Stanley set a $128.00 price objective on shares of SharkNinja in a research note on Thursday, February 12th. Oppenheimer upped their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, February 13th. Bank of America upped their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, January 22nd. National Bank Financial set a $145.00 price objective on shares of SharkNinja in a research note on Tuesday, March 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of SharkNinja from $144.00 to $146.00 and gave the company an "overweight" rating in a research note on Thursday. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $146.20.

SharkNinja Company Profile

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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