SharkNinja (SN) investor relations material

Executive summary

• Q1 2026 net sales rose 15.6% year-over-year to $1.41 billion, marking the 12th consecutive quarter of double-digit organic growth, with broad-based gains across categories and geographies.

• Adjusted EBITDA increased 17.5% to $235.4 million, with margin expansion to 16.7% and strong operational discipline.

• Adjusted Net Income per share grew 25.3% to $1.09, reflecting robust profitability and earnings growth.

• International net sales surged 31.6%, driven by global expansion and new market entries.

• Company culture and rapid AI adoption, including the Jailbreak SharkNinja initiative, are driving innovation and productivity.

Financial highlights

• Domestic net sales increased 8.4% to $916 million; international net sales surged 31.6% to $497 million.

• Cleaning category net sales up 17% to $517 million; cooking and beverage up 19.8% to $415 million; food preparation down 3.3% to $288 million; beauty and home environment up 40.8% to $194 million.

• Adjusted gross margin declined 10 bps to 49.2%; GAAP gross margin at 49.3%.

• Adjusted operating expenses were 35% of net sales, a 100 bps improvement year-over-year.

• Cash and equivalents at $512 million, up over 100% year-over-year; total debt at $729 million.

Outlook and guidance

• FY 2026 net sales growth expected at 11.5%-12.5%, up from prior 10%-11% guidance.

• Adjusted EPS forecast raised to $6.00-$6.10; Adjusted EBITDA expected at $1.29-$1.30 billion, up 13.5%-14.5% year-over-year.

• Capital expenditures projected at $190-$210 million; GAAP tax rate at 22%-23%.

• Guidance assumes current tariff levels and manageable raw material cost impacts.

• Guidance subject to risks from macroeconomic, geopolitical, and tariff uncertainties.