SharkNinja (NYSE:SN) Issues Earnings Results

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

Shares of SN traded down $2.54 during midday trading on Thursday, reaching $179.57. 2,658,976 shares of the company were exchanged, compared to its average volume of 1,739,499. SharkNinja has a 1-year low of $83.12 and a 1-year high of $187.04. The stock has a 50-day moving average price of $145.10 and a 200-day moving average price of $125.46. The company has a current ratio of 2.08, a quick ratio of 1.62 and a debt-to-equity ratio of 0.24. The company has a market cap of $25.41 billion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 2.38 and a beta of 1.21.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. TD Cowen lifted their price objective on SharkNinja from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their target price on SharkNinja from $170.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday. Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Canaccord Genuity Group raised their price target on shares of SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a report on Thursday. Finally, Oppenheimer lifted their price target on shares of SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and an average target price of $181.73.

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of the stock in a transaction dated 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 in the company, valued at approximately $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 40.80% of the company’s stock.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in SharkNinja by 21.8% in the first 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 in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of SharkNinja during the first quarter worth $369,000. Goldman Sachs Group Inc. lifted its position in shares of SharkNinja by 169.4% during the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock worth $42,147,000 after purchasing an additional 317,730 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of SharkNinja by 7.7% in the first 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 period. Finally, Acadian Asset Management LLC purchased a new position in shares of SharkNinja in the first quarter valued at $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

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.