SHARPE
Reported results
- Total GAAP revenue for the third quarter of 2026 was $218.3 million, up 22% year over year.
- GAAP diluted earnings per share was $0.69 for the third quarter.
- Non-GAAP diluted earnings per share was $0.84 for the third quarter.
- Record product revenue was $114.3 million, up 15% quarter over quarter and 22% year over year.
- Cash provided by operating activities was $102.5 million for the third quarter.
Guidance
- For the fourth quarter of 2026, total revenue is expected to be between $227 million and $233 million.
- Product revenue for Q4 2026 is expected to be between $127 million and $133 million.
- Royalties revenue for Q4 2026 is expected to be between $68 million and $74 million.
- Contract and other revenue for Q4 2026 is expected to be between $26 million and $32 million.
- GAAP operating costs and expenses for Q4 2026 are expected to be between $143 million and $139 million.
- Non-GAAP operating costs and expenses for Q4 2026 are expected to be between $124 million and $120 million.
- GAAP diluted earnings per share for Q4 2026 is expected to be between $0.68 and $0.76.
- Non-GAAP diluted earnings per share for Q4 2026 is expected to be between $0.84 and $0.92.
Price and volatility reaction
The stock moved -1.6% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 90.32 | 2026-10-26 |
| Close after release | 88.91 | 2026-10-27 |
| Realised move | -1.6% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-26 (8-K, Item 2.02). Read the original filing on sec.gov.