SharkNinja (SN) Q3 FY2026 earnings: revenue $2.0 billion, up 21.2% on the year

SharkNinja, Inc. (SN) reported revenue of $2.0 billion for Q3 FY2026, the quarter ended 30 September 2026, up 21.2% on the same quarter a year earlier. Net income was $338 million, up 79.3% on the year, and diluted earnings per share $2.39. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$2.0 billion

+21.2% on the year · +11.9% on the quarter

Q1 FY2025Q3 FY2026

Operating margin

22.4%

16.1% a year earlier

Q1 FY2025Q3 FY2026

Net income

$338 million

+79.3% on the year · +160.6% on the quarter

Q1 FY2025Q3 FY2026

Diluted EPS

$2.39

+79.7% on the year · +159.8% on the quarter

Q1 FY2025Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 1 lowered, 1 new, 3 kept.

Net sales grew 21.2%: Net sales rose to $1,976.4 million from $1,630.2 million a year earlier, on both a reported and constant currency basis.
Net income up 79.3%: Net income reached $338.4 million, or 17.1% of net sales, against $188.7 million a year earlier. Diluted EPS was $2.39, against $1.33.
Adjusted EBITDA margin widened: Adjusted EBITDA rose to $461.3 million, or 23.3% of net sales, from $316.5 million, or 19.4%, a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	1,976	1,765	1,630	+11.9%	+21.2%
Cost of revenue	806	905	813	-10.9%	-0.8%
Gross profit	1,170	860	817	+36.0%	+43.1%
Gross margin	59.2%	48.7%	50.1%
Research and development	118	109	92.8	+7.9%	+27.0%
Operating income	443	179	263	+146.9%	+68.5%
Operating margin	22.4%	10.2%	16.1%
Pre-tax income	441	164	244	+169.5%	+80.8%
Income tax	103	33.9	55.3	+203.7%	+86.1%
Effective tax rate	23.3%	20.7%	22.6%
Net income	338	130	189	+160.6%	+79.3%
Net margin	17.1%	7.4%	11.6%
Diluted EPS	$2.39	$0.92	$1.33	+159.8%	+79.7%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	-168	432	111
Capital expenditure	41.6	49.1	24.8	-15.4%	+67.3%
Free cash flow	-210	383	86.2
Free cash flow margin	-10.6%	21.7%	5.3%
Cash from investing	-45.8	-53.0	-31.6
Cash from financing	-71.4	-111	-3.9
Depreciation and amortisation	40.9	40.0	33.7	+2.4%	+21.6%
Share-based compensation	42.0	47.2	9.1	-11.0%	+360.8%
Buybacks	50.5	101	0.0	-49.8%
Dividends paid	n/a	n/a	0.0
Diluted shares, weighted	142m	142m	142m	+0.0%	-0.4%
Shares outstanding at period end	141m	141m	141m	-0.1%	-0.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	3,161	2,843	2,408	+11.2%	+31.2%
Debt	707	716	n/a	-1.4%
Operating lease liabilities	206	197	n/a	+4.8%
Other liabilities	2,217	1,836	n/a	+20.8%
Total liabilities and equity	6,291	5,592	n/a	+12.5%
Fixed assets	253	251	n/a	+0.7%
Goodwill	835	835	n/a	0.0%
Intangible assets	445	447	n/a	-0.5%
Cash and equivalents	488	780	264	-37.4%	+84.9%
Receivables	2,106	1,582	n/a	+33.1%
Inventory	1,428	1,144	n/a	+24.9%
Other assets	735	554	n/a	+32.8%
Total assets	6,291	5,592	n/a	+12.5%

Questions

What was SharkNinja's revenue in Q3 FY2026?

SharkNinja (SN) reported revenue of $2.0 billion for Q3 FY2026, the quarter ended 30 September 2026, up 21.2% on the same quarter a year earlier.

How much did SharkNinja earn in Q3 FY2026?

Net income for Q3 FY2026 was $338 million, up 79.3% on the year, and diluted earnings per share $2.39.

When did SharkNinja report Q3 FY2026 results?

SharkNinja filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 7 quarters

	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,223	1,445	1,630	2,101	1,413	1,765	1,976
Cost of revenue	619	737	813	1,094	718	905	806
Gross profit	603	708	817	1,008	695	860	1,170
Gross margin	49%	49%	50%	48%	49%	49%	59%
R&D	87.6	89.4	92.8	98.2	98.9	109	118
Operating income	145	169	263	344	165	179	443
Operating margin	12%	12%	16%	16%	12%	10%	22%
Pre-tax income	146	181	244	330	148	164	441
Tax rate	19%	23%	23%	23%	18%	21%	23%
Net income	118	140	189	255	121	130	338
Net margin	10%	10%	12%	12%	9%	7%	17%
Diluted EPS	$0.83	$0.98	$1.33	$1.80	$0.85	$0.92	$2.39
Operating cash flow	-54.9	-9.1	111	587	-156	432	-168
Capital expenditure	32.7	27.4	24.8	61.1	33.9	49.1	41.6
Free cash flow	-87.5	-36.5	86.2	526	-190	383	-210
Buybacks	0.0	0.0	0.0	n/a	18.5	101	50.5
Dividends paid	0.0	0.0	0.0	0.0	n/a	n/a	n/a
Shares outstanding	142m	141m	141m	141m	142m	141m	141m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.