SharkNinja Inc’s shares surged to a record $191.28 on Thursday, lifting the company’s market capitalization to $26.9 billion as second-quarter 2026 results highlighted accelerating revenue growth despite a shortfall in earnings.
The household appliances maker reported quarterly revenue of $1.77 billion, a 22.2% increase from the same period last year, according to data released on Aug. 27. Adjusted earnings per share came in at $0.92, missing Wall Street’s consensus estimate by $0.28. The stock has gained 63.85% over the past 12 months and 68.5% year-to-date, reflecting strong investor confidence in the company’s expansion strategy.
Analysts upgraded their outlooks following the results. UBS raised its price target to $219.10, attributing the move to an accelerated pace of product launches. Canaccord and Guggenheim both lifted their targets to $210, citing sales growth that exceeded both firms’ estimates and broader market expectations. Guggenheim also noted that net sales and adjusted EBITDA surpassed projections.
InvestingPro data showed 11 analysts revised earnings estimates upward for the upcoming period, though the stock is currently rated as overvalued relative to its fair value. The company’s performance underscores robust demand in the home appliances sector, with SharkNinja continuing to expand its market presence amid broader consumer spending trends.
