SHARPE
Reported results
- Third quarter 2026 GAAP earnings were $557 million, or $0.96 per basic and diluted share, compared with GAAP earnings of $441 million, or $0.76 per basic and diluted share, in the third quarter of 2025.
- Third quarter 2026 revenue was $4.6 billion, compared with $4.1 billion in the third quarter of 2025.
- Core Earnings (non-GAAP) for the third quarter of 2026 were $0.98 per share, compared with $0.83 per share in the third quarter of 2025.
- For the first nine months of 2026, GAAP earnings were $1.3 billion, or $2.16 per basic and diluted share, on revenue of $12.4 billion.
- Year-to-date Core Earnings (non-GAAP) through September 30, 2026, were $2.20 per share, a 9% increase compared to $2.02 per share in the same period of 2025.
Guidance
- Reaffirms 2026 Core Earnings guidance range of $2.62 to $2.82 per share and expects results at or slightly above the midpoint.
- Reaffirms Core Earnings compound annual growth rate near the top end of 6% to 8% through 2030, supported by a $36 billion, five-year capital investment plan.
Price and volatility reaction
The stock moved +0.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -0.9 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 46.27 | 2026-10-27 |
| Close after release | 46.4 | 2026-10-28 |
| Realised move | +0.3% | close to close |
| 30d ATM IV change | -0.9 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 2026-10-27 (8-K, Item 2.02). Read the original filing on sec.gov.