SharkNinja, Inc.

SharkNinja, Inc. shares have fallen 2.6% since its latest earnings report, underperforming the S&P 500, but the company delivered strong second-quarter results and raised its full-year 2026 outlook. Adjusted earnings came in at $1.26 per share, up 29.9% year over year and beating the consensus estimate of $1.10, while net sales rose 22.2% to $1,765.5 million, surpassing expectations. Growth was broad-based across all four segments, with Beauty and Home Environment Appliances surging 65.3% and international sales up 36.6%. Management raised its 2026 net sales growth forecast to 16-17% from 11.5-12.5%, and adjusted EPS guidance to $6.45-$6.55, partly due to an expected $247.1 million tariff refund benefit. The company also repurchased 815,233 shares for $99.7 million during the quarter.

SharkNinja reported second-quarter net sales of $1.77 billion, a 22.2% increase year-over-year, and raised its full-year 2026 guidance. Domestic net sales grew 15.5% to $1.14 billion, while international net sales jumped 36.6% to $624 million. Adjusted net income per diluted share rose nearly 30% to $1.26. The company now expects full-year net sales growth of 16% to 17% and adjusted net income per diluted share of $6.45 to $6.55, with approximately $0.15 of the increase tied to an expected net tariff refund benefit. Adjusted EBITDA is forecast at $1.36 billion to $1.37 billion, representing growth of 19.5% to 20.5%.

SharkNinja reported a 22.2% year-over-year increase in net sales to $1.77 billion for the second quarter of 2026, marking its 13th consecutive quarter of double-digit growth and its fastest pace since the fourth quarter of 2024. Domestic net sales rose 15.5% to $1.14 billion, while international net sales surged 36.6% to $624 million, driven by broad-based strength across the UK, Europe, and Latin America. Adjusted gross margin declined approximately 70 basis points to 48.7%, and adjusted EBITDA grew 18.6% to $265 million, representing a 15% margin. The company raised its full-year 2026 guidance, now expecting net sales growth of 16% to 17% and adjusted earnings per share of $6.45 to $6.55, up from prior estimates. SharkNinja also highlighted a $247.1 million tariff refund from US Customs and Border Protection and ongoing expansion into new categories, including the Ninja Crispy Microwave and a planned 41st subcategory launch in the third quarter.

Bank of America raised its price target on SharkNinja to $165 from $145, reiterating a buy rating, after Nielsen point-of-sale data showed domestic sell-through jumped 51.5% year over year for the two weeks ending June 27. The surge was driven by the earlier timing of Amazon Prime Day and viral interest in products like the Ninja SLUSHi and Shark ChillPill. SharkNinja's second-quarter domestic sell-through is now tracking up 25.7%, well above the 2.6% industry growth rate, prompting the firm to raise its target. The stock, already up more than 36% year to date, traded near $152, with the new target implying about 8.5% upside. BofA noted that direct-to-consumer platforms add an estimated 200 to 300 basis points to sales growth, amplifying the impact of viral moments on TikTok.

SharkNinja has launched the Shark PowerDetect Transformer, a three-in-one cleaning system that combines a full-size upright vacuum, a lightweight stick vacuum, and a powerful handheld into a single device. The Transformer starts at $529 and is available now on SharkNinja.com and TikTok Shop, with availability coming soon to Amazon, Walmart, Best Buy, Target, Costco, and Sam's Club. The system transforms with a click, eliminating the bulky hose found in traditional uprights, and features intelligent PowerDetect and Reveal Technologies that automatically optimize cleaning performance. Additional features include an auto-empty system, HEPA filtration, odor neutralizer technology, and no hair wrap technology.