SHARPE
Reported results
- Total revenue for the third quarter was $780.1 million, an increase of 12.8% compared to the prior year period.
- GAAP net income for the third quarter was $134.1 million, or $3.88 per diluted share, up 68.7% per diluted share compared to the prior year.
- Adjusted net income was $211.9 million, or $6.13 per diluted share, an increase of 33.6% per diluted share compared to the prior year.
- GAAP operating income margin was 30.6% compared to 26.5% in the prior year period.
- Adjusted operating income margin was 42.6% compared to 39.5% in the prior year period.
- Adjusted free cash flow for the third quarter was $234.3 million compared to $166.2 million in the prior year period.
Guidance
- For the fourth quarter of 2026, the Company expects revenue in the range of $760 million to $780 million.
- For the fourth quarter of 2026, the Company expects adjusted net income in the range of $193 million to $200 million, or $5.67 to $5.87 per diluted share.
- For the full year 2026, the Company expects revenue in the range of $2.97 billion to $2.99 billion.
- For the full year 2026, the Company expects adjusted net income in the range of $736 million to $743 million, or $21.28 to $21.48 per diluted share.
Price and volatility reaction
The stock moved -3.1% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -10.8 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 189.31 | 2026-10-28 |
| Close after release | 183.47 | 2026-10-29 |
| Realised move | -3.1% | close to close |
| 30d ATM IV change | -10.8 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.