SHARPE
Reported results
- GAAP sales revenue for third-quarter 2026 was $2,385 million, compared to $2,202 million in third-quarter 2025.
- GAAP Earnings before interest and taxes (“EBIT”) for third-quarter 2026 was $305 million, compared to $188 million in third-quarter 2025.
- Non-GAAP Adjusted EBIT for third-quarter 2026 was $305 million, compared to $210 million in third-quarter 2025.
- GAAP earnings per diluted share was $2.19 in third-quarter 2026, compared to $0.60 in third-quarter 2025.
- Non-GAAP Adjusted earnings per diluted share was $1.84 in third-quarter 2026, compared to $1.14 in third-quarter 2025.
- GAAP net cash provided by operating activities was $290 million in third-quarter 2026, compared to $402 million in third-quarter 2025.
Guidance
- Projected adjusted earnings per share for full-year 2026 is between $6.00 and $6.20.
- Projected operating cash flow for full-year 2026 is approximately $850 million.
- On track to reduce costs by $125 million to $150 million, net of inflation in 2026.
Notes
Third quarter and first nine months 2025 provision for income taxes were revised as a result of a correction of an item in the third quarter 2025 provision for income tax.
Price and volatility reaction
The stock moved -2.1% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -5.4 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 67.93 | 2026-10-29 |
| Close after release | 66.53 | 2026-10-30 |
| Realised move | -2.1% | close to close |
| 30d ATM IV change | -5.4 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 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.