SHARPE
Reported results
- Third quarter 2026 GAAP net income was $119 million, or $1.00 per diluted share, compared to third quarter 2025 GAAP net income of $103 million, or $0.94 per diluted share.
- Third quarter 2026 non-GAAP net income was $125 million, or $1.06 per diluted share, compared to third quarter 2025 non-GAAP net income of $110 million, or $1.00 per diluted share.
- Total revenues for the third quarter of 2026 were $971 million, compared to $952 million in the third quarter of 2025.
- Total operating expenses for the third quarter of 2026 were $784 million, compared to $778 million in the third quarter of 2025.
- Income from operations for the third quarter of 2026 was $187 million, compared to $174 million in the third quarter of 2025.
Guidance
- Revising full-year 2026 adjusted earnings guidance to $3.18 to $3.28 per diluted share.
- Full-year 2026 operating and maintenance expense expected between $810 million and $830 million.
- Full-year 2026 depreciation and amortization expense expected between $570 million and $590 million.
- Full-year 2026 cash from operations expected between $950 million and $1,150 million.
- Full-year 2026 capital expenditures expected to be $1,565 million.
Price and volatility reaction
The stock moved -0.2% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +0.8 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 44.27 | 2026-10-28 |
| Close after release | 44.19 | 2026-10-29 |
| Realised move | -0.2% | close to close |
| 30d ATM IV change | +0.8 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 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.