Highlights

  • Second quarter net sales rose 22.2% to $1.77 billion, led by Beauty and Home Environment growth of 65.3%.
  • GAAP diluted earnings per share were $0.92 versus $0.98, while non-GAAP adjusted net income per share rose to $1.26.
  • Customs accepted $247.1 million of IEEPA duty refund claims in July, to be recognized in the third quarter.
  • SharkNinja repurchased about 1.0 million shares for $119.7 million in the first half, leaving $630.3 million authorized.

SharkNinja (NYSE:SN) shares were trading near their 52-week high at USD 199.50 on October 21, 2026, up 0.39%. The home appliance maker filed its second quarter 2026 report on August 5, entered its 40th product sub-category in July, and had customs accept $247.1 million of refund claims for previously paid tariffs.

Based in Needham, Massachusetts, SharkNinja was incorporated in the Cayman Islands on May 17, 2023 and separated from its former parent, JS Global Lifestyle, on July 31, 2023, when its shares began trading on the New York Stock Exchange. It calls itself a global product design and technology company, with products across four categories: Cleaning, Cooking and Beverage, Food Preparation, and Beauty and Home Environment Appliances. It sells through retailers and direct to consumers. It has two operating segments, Domestic and International, aggregated into one reportable segment, and its fiscal year ends December 31.

Net Sales Up 22% as Costs Climb Faster

Net sales for the quarter ended June 30, 2026 were $1,765.5 million, up from $1,444.9 million. Cooking and Beverage rose 36.5% to $499.0 million on the Ninja Luxe Cafe espresso machine and Ninja Crispi. Beauty and Home Environment grew 65.3% to $285.8 million on skincare and fans, Food Preparation grew 13.3% to $458.6 million and Cleaning grew 4.1% to $522.0 million. Domestic sales rose 15.5% and International 36.6%.

Gross profit increased 21.5% to $860.3 million, but gross margin slipped to 48.7% from 49.0%. The company cited U.S. tariff costs, unfavorable currency and retailer activations. Operating expenses grew 26.2% to $681.0 million, with general and administrative expenses up 40.8%, including a $22.6 million rise in share-based compensation. Operating income was $179.4 million versus $168.6 million.

Net income was $129.8 million, or $0.92 per diluted share, versus $139.6 million, or $0.98. Other expense was $7.8 million, mainly unrealized currency losses on intercompany balances, against $26.0 million of other income a year earlier. On a non-GAAP basis, Adjusted EBITDA was $264.9 million, up from $223.4 million, and adjusted net income per share was $1.26 versus $0.97.

For six months, net sales were $3.18 billion, up 19.1%, net income was $251.3 million versus $257.4 million, and diluted EPS was $1.77 versus $1.81. Operating cash flow was $275.5 million, compared with an outflow of $63.9 million.

Tariff Refunds, Liquidity and Buybacks

After the U.S. Supreme Court held on February 20, 2026 that IEEPA does not authorize tariffs, SharkNinja submitted refund claims of about $247.1 million in July, and Customs and Border Protection accepted them. No amount was recognized at June 30. The company expects to book the benefit as a reduction of cost of sales, with a matching receivable, in the third quarter. Cash timing depends on customs processing.

At June 30, cash was $779.8 million, debt under its 2023 credit agreement was $718.9 million, and $489.8 million remained available on the revolving facility, which was undrawn apart from $10.2 million of letters of credit. In the first half it repurchased 1,008,368 shares at an average of $118.71 under the repurchase program authorized February 11, 2026.

Outlook and Tariff Backdrop

The 10-Q provides no numerical guidance. Management said it expects operating expenses to keep rising in absolute dollars as it invests in research, marketing and new markets, and that it believes cash, operating cash flow and revolver availability will cover needs for at least 12 months.

It also flagged continued uncertainty from tariffs, inflation, currency swings, consumer confidence and geopolitical conflict. A 10% global import surcharge imposed in February under Section 122 expired July 24, 2026, and the administration has indicated it may pursue other authorities, with the scope and timing uncertain. SharkNinja said it is using sourcing diversification, cost initiatives and targeted pricing in response. These are company statements, not forecasts.