SharkNinja Q2 sales beat; raises FY26 net sales growth outlook
SN•Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", no "hold" and no "sell" or "strong sell".
The average consensus recommendation for the appliances, tools & housewares peer group is "buy".
Wall Street's median 12-month price target for SharkNinja, Inc. is $168.00, about 0.1% below its August 4 closing price of $168.19.
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 18 three months ago.
FY26 outlook raised
SharkNinja raised its FY26 net sales growth outlook to 16%-17% from 11.5%-12.5%.
The company now sees FY26 adjusted net income per share at $6.45-$6.55, up from $6.00-$6.10. It expects FY26 adjusted EBITDA of $1.36 billion-$1.37 billion, up from $1.29 billion-$1.30 billion.
Q2 sales beat expectations
Home appliance maker SharkNinja said second-quarter sales rose 22% year over year, beating analyst expectations. Adjusted net income per share grew nearly 30% year over year, and the company repurchased shares under its $750 million buyback program.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Beat | $1.77 bln | $1.65 bln (10 Analysts) |
| Q2 Net Income | $129.82 mln | ||
| Q2 Basic EPS | $0.92 | ||
| Q2 Gross Profit | $860.34 mln | ||
| Q2 Operating Expenses | $680.96 mln |
