How much of the raised fiscal 2026 guidance comes from the tariff refund?

The filing says approximately $0.15 of the $0.45 increase in Adjusted Net Income per diluted share outlook, and approximately $30 million of the $67 million to $69 million increase in Adjusted EBITDA outlook, is associated with the expected net tariff refund benefit. Refunds tied to 2025 tariffs are excluded from Adjusted metrics, but they will still benefit GAAP results and cash flow.

Why did GAAP net income fall while Adjusted Net Income rose?

GAAP net income decreased 7.0% to $129.8 million, while Adjusted Net Income increased 29.3% to $178.2 million. The main adjustment is share-based compensation, which rose to $47.2 million in the quarter from $10.9 million a year earlier, along with a $6.1 million foreign currency loss in Q2 2026 compared with a $26.4 million foreign currency gain in Q2 2025. General and administrative expenses increased 40.8%, and a $22.6 million increase in share-based compensation was a key driver.

Which product categories and regions drove growth?

Cooking and Beverage Appliances rose 36.5% to $499.0 million, driven by the Ninja Luxe Café espresso machine and the Ninja Crispi. Beauty and Home Environment Appliances rose 65.3% to $285.8 million, driven by skincare and fan products. Food Preparation Appliances rose 13.3% to $458.6 million, led by blending. Cleaning Appliances rose 4.1% to $522.0 million. Domestic net sales rose 15.5%, and International net sales rose 36.6%, with strength in the UK, Europe and Latin America.

How is the company using its cash and buyback program?

As of June 30, 2026, SharkNinja had cash and cash equivalents of $779.8 million and available revolving credit capacity of $489.8 million. Total debt, excluding unamortized deferred financing costs, was $718.9 million. In the six months ended June 30, 2026, it repurchased 1,008,368 ordinary shares for $119.7 million at an average price of $118.71 under its $750.0 million program authorized February 11, 2026. Capital expenditures for fiscal 2026 are expected between $190 million and $210 million.

SN 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed August 5, 2026. Cited figures are marked; the original filing is the authoritative source.

SharkNinja, Inc. reported second-quarter 2026 net sales of $1,765.5 million^a, up 22.2% from $1,444.9 million a year earlier (21.6% on a constant currency basis).

Growth was led by Cooking and Beverage Appliances (up 36.5% to $499.0 million^b), Beauty and Home Environment Appliances (up 65.3% to $285.8 million) and Food Preparation Appliances (up 13.3% to $458.6 million). International net sales rose 36.6% to $623.6 million. Profitability was mixed: GAAP net income fell 7.0% to $129.8 million, or $0.92 per diluted share, while Adjusted Net Income rose 29.3% to $178.2 million and Adjusted Net Income per diluted share rose 29.9% to $1.26.

Adjusted EBITDA increased 18.6% to $264.9 million^c, or 15.0% of net sales. Gross margin declined 30 basis points to 48.7%, which the company attributed mainly to U.S. tariff costs, unfavorable foreign currency and increased retailer activations. General and administrative expenses rose 40.8%, driven by a $22.6 million increase in share-based compensation.

SharkNinja raised its fiscal 2026 outlook. Net sales growth is now expected at 16.0% to 17.0%, up from 11.5% to 12.5%. Adjusted Net Income per diluted share is expected at $6.45 to $6.55^d, up from $6.00 to $6.10, and Adjusted EBITDA at $1,357 million to $1,369 million, up from $1,290 million to $1,300 million.

The company said the revision reflects stronger underlying operations plus an expected tariff refund benefit. It submitted refund claims of approximately $247.1 million through U.S. Customs and Border Protection, which accepted them, and expects to recognize that amount as a reduction of cost of sales in the third quarter of 2026. Refunds tied to 2025 tariffs will be excluded from Adjusted metrics, while refunds tied to 2026 tariffs will be reflected in them.

At June 30, 2026, the company held cash and cash equivalents of $779.8 million and total debt of $718.9 million, excluding unamortized deferred financing costs. Inventories rose 14.1% to $1,143.6 million from December 31, 2025.

During the six months ended June 30, 2026, SharkNinja repurchased 1,008,368 ordinary shares for $119.7 million under its $750.0 million repurchase program, at an average price of $118.71 per share. Net cash provided by operating activities was $275.5 million for the six months, compared with a use of $63.9 million a year earlier.

02—Key points

Key Highlights

Net sales rose 22.2% to $1,765.5 million in Q2 2026, the company's fastest growth pace since 2024 according to the CEO, with International net sales up 36.6%.
Adjusted Net Income rose 29.3% to $178.2 million and Adjusted Net Income per diluted share rose 29.9% to $1.26, while GAAP net income fell 7.0% to $129.8 million ($0.92 per diluted share versus $0.98).
Adjusted EBITDA increased 18.6% to $264.9 million, or 15.0% of net sales, versus 15.5% a year earlier.
Gross margin declined 30 basis points to 48.7%, and Adjusted Gross Margin declined 70 basis points to 48.7%, reflecting U.S. tariff costs, unfavorable foreign currency and increased retailer activations.
Fiscal 2026 outlook raised: net sales growth of 16.0% to 17.0%, Adjusted Net Income per diluted share of $6.45 to $6.55, and Adjusted EBITDA of $1,357 million to $1,369 million.
Expected tariff refund benefit of approximately $247.1 million, with CBP having accepted the refund claims; the company expects to recognize it in Q3 2026, with about $0.15 of the EPS increase and about $30 million of the EBITDA increase tied to the refund in the updated guidance.
Returned capital through buybacks: 1,008,368 shares repurchased for $119.7 million in the first half under the $750.0 million program, with $779.8 million of cash on hand at June 30, 2026.

03—Questions

Frequently Asked Questions

How much of the raised fiscal 2026 guidance comes from the tariff refund?
The filing says approximately $0.15 of the $0.45 increase in Adjusted Net Income per diluted share outlook, and approximately $30 million of the $67 million to $69 million increase in Adjusted EBITDA outlook, is associated with the expected net tariff refund benefit. Refunds tied to 2025 tariffs are excluded from Adjusted metrics, but they will still benefit GAAP results and cash flow.
Why did GAAP net income fall while Adjusted Net Income rose?
GAAP net income decreased 7.0% to $129.8 million, while Adjusted Net Income increased 29.3% to $178.2 million. The main adjustment is share-based compensation, which rose to $47.2 million in the quarter from $10.9 million a year earlier, along with a $6.1 million foreign currency loss in Q2 2026 compared with a $26.4 million foreign currency gain in Q2 2025. General and administrative expenses increased 40.8%, and a $22.6 million increase in share-based compensation was a key driver.
Which product categories and regions drove growth?
Cooking and Beverage Appliances rose 36.5% to $499.0 million, driven by the Ninja Luxe Café espresso machine and the Ninja Crispi. Beauty and Home Environment Appliances rose 65.3% to $285.8 million, driven by skincare and fan products. Food Preparation Appliances rose 13.3% to $458.6 million, led by blending. Cleaning Appliances rose 4.1% to $522.0 million. Domestic net sales rose 15.5%, and International net sales rose 36.6%, with strength in the UK, Europe and Latin America.
How is the company using its cash and buyback program?
As of June 30, 2026, SharkNinja had cash and cash equivalents of $779.8 million and available revolving credit capacity of $489.8 million. Total debt, excluding unamortized deferred financing costs, was $718.9 million. In the six months ended June 30, 2026, it repurchased 1,008,368 ordinary shares for $119.7 million at an average price of $118.71 under its $750.0 million program authorized February 11, 2026. Capital expenditures for fiscal 2026 are expected between $190 million and $210 million.

04—Continue

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