SharkNinja reported strong third quarter 2026 results, beating analyst estimates on both the top and bottom lines. The performance was driven by a 21.2% increase in net sales and significant expansion in adjusted gross margins, leading management to raise full-year 2026 guidance across all primary financial metrics.
Key Highlights
- Net sales grew 21.2% YoY to $1.98 billion, marking the company's 14th consecutive quarter of double-digit growth.
- International revenue reached $662.7 million, reflecting 25.2% growth and surpassing the $615 million estimate.
- Adjusted gross margin expanded 560 basis points to 55.9%, driven by cost optimization and category mix, despite headwinds from retailer activations.
- The Cooking and Beverage segment surged 36.6% to $597.7 million, fueled by high demand for the Ninja Luxe Café espresso machine.
- Full-year 2026 guidance for net sales was raised to a range of 18%-19% growth, up from the prior 16%-17% expectation.