SHARPE
Reported results
- Net sales (GAAP) decreased 2.0% to $31.2 billion for fiscal 2026 compared to $31.8 billion in fiscal 2025
- Net income (GAAP) was $84 million for fiscal 2026 compared to net loss of $118 million in fiscal 2025
- Adjusted EBITDA (non-GAAP) increased 27.0% to $701 million for fiscal 2026 from $552 million in fiscal 2025
- Net income per diluted share (GAAP) was $1.34 for fiscal 2026 compared to loss per diluted share of $1.95 in fiscal 2025
- Adjusted earnings per share (non-GAAP) increased to $2.65 for fiscal 2026 from $0.71 in fiscal 2025
- Free cash flow (non-GAAP) increased 35.1% to $323 million for fiscal 2026 from $239 million in fiscal 2025
Guidance
- Fiscal 2027 net sales (GAAP) guidance: $31.2 billion to $31.8 billion
- Fiscal 2027 net income (GAAP) guidance: $105 million to $145 million
- Fiscal 2027 EPS (GAAP) guidance: $1.70 to $2.30
- Fiscal 2027 Adjusted EPS (non-GAAP) guidance: $3.00 to $3.50
- Fiscal 2027 Adjusted EBITDA (non-GAAP) guidance: $730 million to $780 million
- Fiscal 2027 Free cash flow (non-GAAP) guidance: $275 million to $325 million
- Fiscal 2027 Capital and cloud implementation expenditures (non-GAAP) guidance: approximately $300 million
Notes
The Company was unable to provide a full reconciliation of fiscal 2027 outlook to GAAP measures without unreasonable effort due to difficulty in predicting certain adjustment items. Fiscal 2026 results included $45 million of insurance recoveries related to the June 2025 cybersecurity incident, partially offset by $24 million of incident-related costs. The adjusted effective tax rate for fiscal 2027 Adjusted EPS guidance reflects 27%.
Price and volatility reaction
The stock moved +2.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -24.1 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 43.93 | 2026-09-04 |
| Close after release | 44.93 | 2026-09-08 |
| Realised move | +2.3% | close to close |
| 30d ATM IV change | -24.1 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 2026-09-08 (8-K, Item 2.02). Read the original filing on sec.gov.