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Get filing alertsSharkNinja reports 15.6% Q1 sales growth, raises FY2026 guidance despite tariff headwinds
Filed May 6, 2026 · Period ending May 6, 2026 · ~1 min read
Key Changes
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high
Q1 net sales rose 15.6% to $1.41B with Adjusted EBITDA up 17.5% to $235.4M (16.7% margin), marking the 12th consecutive quarter of double-digit organic growth despite broader market weakness.
Exhibit 99.1 view on EDGAR → -
high
Company raised FY2026 guidance: net sales growth to 11.5%-12.5% (from 10%-11%), Adjusted EPS to $6.00-$6.10 (from $5.90-$6.00), and Adjusted EBITDA to $1.29-up to $1.30B (from $1.27-up to $1.28B).
Exhibit 99.1 view on EDGAR → -
high
Gross margin declined 100 basis points (Adjusted) to 49.2%, primarily due to U.S. tariff cost pressures, partially offset by cost optimization and the end of a JS Global sourcing service fee (terminated July 31, 2025).
Exhibit 99.1 view on EDGAR → -
high
International sales surged 31.6% to $496.8M, significantly outpacing 8.4% domestic growth, driven by global expansion and rollout of existing product lines into new markets.
Exhibit 99.1 view on EDGAR → -
medium
G&A expenses rose 22.4% to $116.2M (8.2% of sales), driven by a $13.2M increase in non-cash share-based compensation as the company scales and retains talent.
Exhibit 99.1 view on EDGAR →
Summary
SharkNinja delivered a strong Q1 2026, with net sales climbing 15.6% to $1.41 billion and Adjusted EBITDA rising 17.5% to $235.4 million. The company extended its streak of double-digit organic growth to 12 consecutive quarters, driven by strength across its Cleaning, Cooking and Beverage, and Beauty and Home Environment product lines.
International sales were a standout, surging 31.6% and underscoring the success of the company's geographic expansion strategy. Management raised full-year guidance across revenue, Adjusted EBITDA, and EPS, signaling confidence in sustained momentum. The quarter was not without headwinds. Gross margin contracted 100 basis points (Adjusted) to 49.2%, primarily due to U.S. tariff-related cost pressures.
The company partially offset this through cost optimization and favorable product mix, and noted the termination of a sourcing service fee to JS Global (ended July 31, 2025) as a tailwind. General and administrative expenses rose 22.4%, driven by a $13.2 million increase in share-based compensation, reflecting the company's investment in talent as it scales. For retail holders, the raised guidance and international momentum are positives, though tariff pressures and elevated G&A warrant monitoring as the year progresses.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR → · paraphrased
Net sales increased 15.6% to $1,412.8 million, compared to $1,222.6 million in the prior year quarter, or 12.7% on a constant currency basis. ... Net income increased 3.1% to $121.5 million. Adjusted Net Income increased 25.1% to $154.8 million ... Adjusted EBITDA increased 17.5% to $235.4 million, or 16.7% of net sales.
SharkNinja delivered Q1 2026 net sales of $1.41 billion, up 15.6% year-over-year, driven by strength across Cleaning, Cooking and Beverage, and Beauty and Home Environment product categories. Net income rose 3.1% to $121.5 million, while Adjusted Net Income grew 25.1% to $154.8 million and Adjusted EBITDA increased 17.5% to $235.4 million (16.7% margin). The company noted this was its 12th consecutive quarter of double-digit organic net sales growth despite broader market weakness.
Added in current filing · view on EDGAR →
For fiscal year 2026, SharkNinja expects: •Net sales to increase 11.5% to 12.5% compared to the prior year (above the prior expectation of 10.0% to 11.0%). •Adjusted Net Income per diluted share between $6.00 and $6.10, reflecting a 13.6% to 15.5% increase compared to the prior year (above the prior expectation of between $5.90 and $6.00, reflecting a 11.7% to 13.6% increase). •Adjusted EBITDA between $1,290 million and $1,300 million, reflecting a 13.5% to 14.5% increase compared to the prior year (above the prior expectation of between $1,270 million and $1,280 million, reflecting a 11.8% to 12.7% increase).
SharkNinja raised its full-year 2026 outlook across key metrics. Net sales growth guidance increased to 11.5%-12.5% (from 10.0%-11.0%), Adjusted EPS to $6.00-$6.10 (from $5.90-$6.00), and Adjusted EBITDA to $1,290-$1,300 million (from $1,270-$1,280 million). The upward revision reflects confidence in sustained momentum despite macro uncertainty and tariff headwinds.
Added in current filing · view on EDGAR →
General and administrative expenses increased 22.4% to $116.2 million, or 8.2% of net sales, compared to $94.9 million, or 7.7% of net sales, in the prior year quarter. This increase was driven by an increase of $20.9 million in personnel-related expenses, primarily due to a $13.2 million increase in share-based compensation, as well as an increase of $2.6 million in legal fees.
General and administrative expenses rose 22.4% to $116.2 million, driven by a $13.2 million increase in share-based compensation (part of a $20.9 million total personnel-related expense increase). This reflects higher equity awards as the company scales and retains talent. The increase is non-cash but dilutes existing shareholders and elevated G&A as a percentage of sales to 8.2% from 7.7%.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 19, 2026 · How we verify