SharkNinja, Inc.

SharkNinja, Inc. Earnings Recaps

SN Consumer Cyclical 3 recaps
Q1 2026 May 9, 2026

Shares dropped 3.7% as investors reacted negatively to signs of margin compression and a cautious outlook, despite solid top-line growth and operational execution.

Key takeaways
  • Net sales rose nearly 16% year-over-year, driven by broad-based strength across domestic (+8.4%) and international (almost +32%) markets.
  • Adjusted EBITDA increased approximately 18%, supported by four consecutive quarters of operating expense leverage as a percentage of sales.
  • Adjusted EPS improved more than 25% year-over-year, reflecting ongoing profitability gains.
  • Despite these positives, the market appears concerned about margin sustainability and the cautious tone regarding ongoing macroeconomic challenges and cost pressures.
  • Management emphasized AI-driven productivity initiatives, but no concrete financial impact was quantified, leaving investors wary of near-term execution risks.
Full recap
Q3 2025 Nov 8, 2025

SharkNinja reported strong third-quarter results, with net sales growing over 14% year-over-year and adjusted EBITDA increasing nearly 21%, demonstrating resilience in a challenging market environment.

Key takeaways
  • Achieved double-digit net sales growth for the tenth consecutive quarter, driven entirely by organic growth.
  • Expanded adjusted gross margins to surpass 50%, marking a year-over-year increase of over 90 basis points.
  • Notable acceleration in international sales growth, reaching almost 26% year-over-year in Q3.
  • Strengthened relationships with retail partners and significant traction in direct-to-consumer channels, including a major website redesign.
  • Welcomed celebrity ambassadors Kevin Hart and Tom Brady to enhance brand engagement and marketing initiatives.
Full recap
Q2 2025 Aug 8, 2025

SharkNinja delivered impressive Q2 2025 results, showcasing a 16% year-over-year net sales growth and a substantial 33% increase in adjusted EBITDA, all while maintaining a disciplined approach to operating expenses.

Key takeaways
  • Achieved nearly 14% domestic sales growth and over 20% international growth, reflecting strong global demand for SharkNinja products.
  • Operating expenses decreased by more than 200 basis points as a percentage of net sales compared to the prior-year quarter.
  • Successfully diversified production with approximately 90% of U.S. volume sourced outside of China, enhancing competitive advantages amid global supply challenges.
Full recap