SHARPE
Reported results
- Third quarter GAAP net sales were $3,914 million, up 6% year-over-year, with non-GAAP organic sales up 6%.
- GAAP operating profit was $620 million, while non-GAAP adjusted operating profit was $626 million.
- GAAP operating profit margin was 15.8%, and non-GAAP adjusted operating profit margin was 16.0%.
- GAAP diluted earnings per share was $1.08, while non-GAAP adjusted diluted earnings per share was $1.05.
- GAAP net cash flows provided by operating activities was $337 million, and non-GAAP adjusted free cash flow was $272 million.
Guidance
- Full year 2026 net sales are expected to be $15.1 to $15.3 billion, with non-GAAP organic sales up low to mid-single digits.
- Full year 2026 non-GAAP adjusted operating profit is expected to be approximately $2.4 billion.
- Full year 2026 non-GAAP adjusted EPS is expected to be $4.01 to $4.05.
- Full year 2026 non-GAAP adjusted free cash flow is expected to be ~$1.5 billion.
Price and volatility reaction
The stock moved -1.8% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -3.8 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 74.19 | 2026-10-27 |
| Close after release | 72.87 | 2026-10-28 |
| Realised move | -1.8% | close to close |
| 30d ATM IV change | -3.8 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 2026-10-28 (8-K, Item 2.02). Read the original filing on sec.gov.