SHARPE
Reported results
- Net sales were $1.23 billion for the third quarter of 2026, a decrease of 23% year-over-year.
- GAAP net income was $571 million, or $5.30 per diluted share, for the third quarter of 2026.
- Non-GAAP Adjusted EBITDA was $744 million for the third quarter of 2026, an increase of 11% year-over-year.
- Gross cash balance was $1.6 billion and net cash balance was $1.5 billion as of September 30, 2026.
- Contracted sales backlog was 44.0 GW as of September 30, 2026.
Guidance
- Full year 2026 Volume Sold guidance updated to 16.0GW to 17.0GW
- Full year 2026 Net Sales guidance updated to $4.6B to $4.9B
- Full year 2026 Gross Profit guidance unchanged at $2.4B to $2.6B
- Full year 2026 Operating Expenses guidance unchanged at $610M to $635M
- Full year 2026 non-GAAP Adjusted EBITDA guidance updated to $2.55B to $2.75B
- Full year 2026 Capital Expenditures guidance updated to $0.6B to $0.8B
- Full year 2026 Net Cash Balance guidance unchanged at $1.7B to $2.3B
- Anticipated fourth quarter 2026 module sales between 4.3 GW and 5.3 GW
- Forecasted fourth quarter 2026 non-GAAP Adjusted EBITDA between $643 million and $843 million
Price and volatility reaction
The stock moved -1.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -9.4 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 176.89 | 2026-10-29 |
| Close after release | 174.4 | 2026-10-30 |
| Realised move | -1.4% | close to close |
| 30d ATM IV change | -9.4 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.