SHARPE
Reported results
- GAAP total net sales were $235.9 million for the third quarter of 2026, compared to $235.7 million in the third quarter of 2025.
- GAAP operating earnings increased 4% year-over-year to $47.7 million, with operating profit margins of 20.2% versus 19.6% in the prior year comparable quarter.
- Non-GAAP Base sales were $230.3 million and non-GAAP Base operating earnings were $48.0 million with Base operating profit margins of 20.9%.
- GAAP diluted earnings per share (EPS) was $1.24, representing a 4% increase from $1.19 in the third quarter of 2025.
- GAAP gross margins were 41.9%, compared to 40.7% in the prior year quarter.
Notes
Adjusted metrics (“Base”) are non-GAAP measures excluding the results of UDlive, which was acquired on May 1, 2026.
Price and volatility reaction
The stock moved +13.5% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -16.4 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 131.86 | 2026-10-21 |
| Close after release | 149.64 | 2026-10-22 |
| Realised move | +13.5% | close to close |
| 30d ATM IV change | -16.4 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.