SharkNinja achieved nearly 16% net sales growth in Q1 2026 by outperforming a U.S. market that declined in the low to mid-single digits across core categories. The company accelerated international growth to nearly 32% through successful transitions from distributor-led to direct-operating models in Mexico and key EMEA markets, while pushing into new product categories such as beauty tech and outdoor appliances.
Cyborg Score Rationale
SharkNinja delivered its 12th consecutive quarter of double-digit organic net sales growth in Q1 2026, with net sales up nearly 16% to $1.4 billion. Adjusted EBITDA increased 36.0% year-over-year in a recent full-year period to 18.8% of net sales. The company demonstrates consistent margin expansion and aggressive international expansion, though tariff impacts present near-term headwinds.
Top Insights
The company raised its fiscal 2026 guidance for net sales, adjusted diluted EPS and Adjusted EBITDA in May 2026.
Growth was led by Beauty and Home Environment Appliances, which grew more than 45% in 2025.
Q1 2026 adjusted gross margin decreased 100 basis points primarily due to the full-quarter impact of tariffs compared to minimal levels in the prior year.
The company maintained its core cleaning franchise while simultaneously expanding into the 39th subcategory with the launch of the SharkBlastBoss.
Named Competitors
Whirlpool Appliances — Major appliance manufacturer competing across small and large household appliances
Electrolux Products — Global household appliances and professional equipment manufacturer
Panasonic Appliances — Asian appliance manufacturer competing in small appliances and consumer electronics
Beko Appliances — Turkish white goods and small appliances manufacturer
Recent Developments
(May 2026) Raised FY2026 guidance for net sales, adjusted diluted EPS, and Adjusted EBITDA following Q1 2026 results
(Q1 2026) Achieved 15.6% net sales growth to $1.41B and 12th consecutive quarter of double-digit organic growth
(2025) Beauty and Home Environment Appliances grew more than 45%, expanding product category portfolio to 39 subcategories
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