SharkNinja Q2 sales beat; raises FY26 net sales growth outlook

SharkNinja

05/08/2026 12:23

Overview
Home appliance maker's Q2 sales rose 22% yr/yr, beating analyst expectations
Adjusted net income per share grew nearly 30% yr/yr; company raised 2026 outlook
Company repurchased shares under $750 mln buyback program

Outlook
SharkNinja raises FY26 net sales growth outlook to 16%-17% from 11.5%-12.5%
Company now sees FY26 adjusted net income per share at $6.45-$6.55, up from $6.00-$6.10
SharkNinja expects FY26 adjusted EBITDA of $1.36 bln-$1.37 bln, up from $1.29 bln-$1.30 bln

Result Drivers
CATEGORY EXPANSION - Sales growth driven by Cooking and Beverage Appliances, Beauty and Home Environment Appliances, and Cleaning Appliances, with new products contributing
INTERNATIONAL GROWTH - International sales rose 36.6%, supported by expansion in UK, Europe, and Latin America
TARIFF AND COST PRESSURES - Gross margin declined due to tariff-related costs, unfavorable currency, and increased retailer activations, partially offset by cost optimization and reduced sourcing fees

Company press release: ID:nBw7JsBfTa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.77 bln
$1.65 bln (10 Analysts)
Q2 Net Income
 
$129.82 mln
 
Q2 Basic EPS
 
$0.92
 
Q2 Gross Profit
 
$860.34 mln
 
Q2 Operating Expenses
 
$680.96 mln
 
Q2 Operating Income
 
$179.38 mln
 
Q2 Pretax Profit
 
$163.69 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the appliances, tools & housewares peer group is "buy"
Wall Street's median 12-month price target for SharkNinja, Inc. is $168.00, about 0.1% below its August 4 closing price of $168.19
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 18 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)