SharkNinja (NYSE:SN) reported first-quarter fiscal 2026 results on Wednesday that came in ahead of Wall Street expectations, while also lifting its outlook for the full year.
The company posted adjusted earnings per share of $1.09, exceeding analyst forecasts of $0.84.
Shares rose modestly in premarket trading, gaining 0.49% following the earnings release.
Revenue for the quarter ended March 31, 2026 climbed 15.6% year over year to $1.41 billion, compared with $1.22 billion in the same period last year.
Company raises 2026 outlook
SharkNinja raised guidance across several key financial measures for fiscal 2026.
The company now expects adjusted diluted net income per share between $6.00 and $6.10, representing annual growth of 13.6% to 15.5%. The midpoint of the forecast, at $6.05 per share, came in slightly below analyst consensus estimates of $6.06.
Management also increased its net sales growth outlook to a range of 11.5% to 12.5%, above its prior forecast of 10.0% to 11.0%.
Adjusted EBITDA is now projected between $1.29 billion and $1.30 billion, compared with previous guidance of $1.27 billion to $1.28 billion.
Beauty and international sales drive growth
The Beauty and Home Environment Appliances segment delivered the strongest growth, with revenue surging 40.8% to $194.1 million, supported by strong demand for skincare products.
Cooking and Beverage Appliances revenue increased 19.8% to $414.6 million, while Cleaning Appliances sales advanced 17% to $516.6 million.
International revenue jumped 31.6% to $496.8 million, while domestic sales rose 8.4% to $916 million.
Profitability and margins
“SharkNinja’s momentum has continued into 2026, with Q1 results delivering 15.6% net sales growth that reflects both strength and steadiness in execution,” said Mark Barrocas, Chief Executive Officer.
Adjusted EBITDA rose 17.5% year over year to $235.4 million, representing 16.7% of net sales, versus $200.4 million in the prior-year quarter.
Adjusted gross margin slipped by 100 basis points to 49.2%, mainly due to tariff-related cost pressures in the U.S. market, although cost optimization initiatives partially offset the impact.