SHARPE
Reported results
- Reported revenue was $416.2 million, up 8.4% compared to the prior year period.
- GAAP operating margin was 14.1%, compared to 11.1% for the third quarter of 2025.
- Non-GAAP operating margin was 21.3%, compared to 19.7% for the third quarter of 2025.
- GAAP net income was $42.3 million, or $0.70 per share, compared to $27.8 million, or $0.46 per share, for the third quarter of 2025.
- Non-GAAP net income was $67.4 million, or $1.12 per share, compared to $54.9 million, or $0.92 per share, for the third quarter of 2025.
Guidance
- Updated full-year 2026 total revenue guidance is $1.635 - $1.642 billion, representing 8% - 8% Y/Y change.
- Updated full-year 2026 non-GAAP earnings per share guidance is $4.33 - $4.37, representing 13% - 14% Y/Y change.
Price and volatility reaction
The stock moved -7.7% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -4.0 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 93.39 | 2026-10-29 |
| Close after release | 86.24 | 2026-10-30 |
| Realised move | -7.7% | close to close |
| 30d ATM IV change | -4.0 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.