SharkNinja (NYSE:SN) Posts Earnings Results, Beats Estimates By $0.15 EPS

SharkNinja (NYSE:SN) released its quarterly earnings results on Wednesday. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.11 by $0.15, FiscalAI reports. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.65 billion. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%.The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. 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 Stock Down 1.4%

NYSE 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. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.62. The company has a market cap of $25.41 billion, a PE ratio of 36.65, a P/E/G ratio of 2.38 and a beta of 1.21. The business’s 50 day simple moving average is $145.10 and its 200-day simple moving average is $125.46. SharkNinja has a fifty-two week low of $83.12 and a fifty-two week high of $187.04.

Analyst Ratings Changes

A number of brokerages recently weighed in on SN. Bank of America raised their price objective on SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 price objective (up from $181.00) on shares of SharkNinja in a research report on Thursday. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.73.

Insider Activity

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of SharkNinja by 21.8% in the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after acquiring an additional 12,851 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in SharkNinja during the 1st quarter worth about $369,000. Goldman Sachs Group Inc. grew its stake in SharkNinja by 169.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after purchasing an additional 317,730 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in SharkNinja by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after purchasing an additional 3,632 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of SharkNinja in the first quarter valued at about $656,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Key Stories Impacting SharkNinja

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

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.