SharkNinja (NYSE:SN) Issues Quarterly Earnings Results

SharkNinja (NYSE:SN) released its earnings results on Wednesday. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08, FiscalAI reports. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 30.06%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 earnings per share. 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 Stock Performance

SharkNinja stock traded down $2.06 during trading hours on Thursday, reaching $113.43. 2,550,684 shares of the stock were exchanged, compared to its average volume of 1,369,114. The stock has a market cap of $16.06 billion, a P/E ratio of 22.87, a P/E/G ratio of 1.55 and a beta of 1.37. The firm’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 quick ratio of 1.47 and a current ratio of 2.04. SharkNinja has a 52-week low of $80.69 and a 52-week high of $133.99.

SharkNinja News Summary

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a research note on Wednesday. TD Cowen restated a “buy” rating on shares of SharkNinja in a report on Wednesday, January 14th. Oppenheimer lifted their price target on shares of SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Morgan Stanley set a $128.00 price objective on SharkNinja in a research report on Thursday, February 12th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja currently has a consensus rating of “Moderate Buy” and an average price target of $146.20.

Insider Transactions at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of the firm’s stock in a transaction 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 sale, the chief financial officer owned 8,673 shares of the company’s stock, valued at approximately $991,844.28. This trade represents a 23.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.12% of the company’s stock.

Institutional Trading of SharkNinja

Several hedge funds and other institutional investors have recently made changes to their positions in SN. Larson Financial Group LLC grew its holdings in SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares during the period. Transamerica Financial Advisors LLC boosted its position in shares of SharkNinja by 459.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after buying an additional 248 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of SharkNinja during the 4th quarter valued at about $38,000. Sunbelt Securities Inc. acquired a new position in SharkNinja during the 3rd quarter worth approximately $46,000. Finally, Quarry LP purchased a new position in SharkNinja in the 3rd quarter worth approximately $59,000. Institutional investors and hedge funds 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.