SharkNinja Q1 2026 earnings beat, raises full-year guidance

SharkNinja raised its full-year fiscal outlook connected Tuesday aft first-quarter gross and adjusted net topped expert expectations, adjacent arsenic tariffs weighed connected gross margins.

The Needham, Massachusetts-based institution reported nett income of $1.41 cardinal for the 3 months ended March 31, 2026, a 15.6% summation from the aforesaid play a twelvemonth earlier. Adjusted nett income per diluted stock came successful astatine $1.09. Analysts had expected adjusted net of $1.02 per stock connected gross of $1.38 billion, according to Barron's.

All 3 of the company's largest merchandise segments posted gains. Cleaning Appliances nett income roseate 17% to $516.6 million, Cooking and Beverage Appliances climbed 19.8% to $414.6 million, and Beauty and Home Environment Appliances jumped 40.8% to $194.1 million, the institution said. Food Preparation Appliances fell 3.3% to $287.5 million. International nett income grew 31.6% twelvemonth implicit year.

Gross borderline slipped by 10 ground points to 49.2% of nett sales. The institution said this was owed to higher tariff costs successful the U.S., though outgo optimization and a amended merchandise premix helped offset immoderate of the impact.

SharkNinja present expects full-year nett income to turn 11.5% to 12.5% implicit past year, up from its earlier forecast of 10% to 11%. The institution besides raised its adjusted EBITDA outlook to $1.29 cardinal to $1.30 billion, from $1.27 cardinal to $1.28 billion. Adjusted nett income per diluted stock is present expected to beryllium $6.00 to $6.10, up from $5.90 to $6.00.

Adjusted EBITDA for the 4th roseate 17.5% to $235.4 million, oregon 16.7% of nett sales, the institution said. Net income accrued 3.1% to $121.5 million.

Pointing to the company's diversified merchandise portfolio arsenic a cardinal driver, CEO Mark Barrocas spoke with Barron's astir the quarter's performance. "In spite of the year-on-year tariff interaction and successful spite of the macro user assurance challenges, I deliberation we performed precise well," helium said. "So it truly benignant of shows the resiliency and the diversification and the durability of what we've built implicit the past 18 years."

Barrocas told Barron's helium has yet to observe immoderate pullback successful user purchases of SharkNinja products. Shares nevertheless slid astir 5.5% successful midmorning trading, giving backmost an aboriginal gain, arsenic the beat-and-raise study fell abbreviated of the elevated barroom investors had travel to expect.

SharkNinja noted that uncertainty successful the operating environment, including imaginable changes successful tariff rates, could impact its outlook.