SharkNinja, End of Performance Rally? $900 Million Market Value Vanishes in a Day

Home appliance maker SharkNinja Inc. (NYSE: SN) closed at $102.94 on the New York Stock Exchange, down 5.05%. The one-day decline erased roughly $700 million in market value, bringing its total market capitalization to about $14.5 billion.

In early May, SharkNinja reported first-quarter fiscal 2026 revenue of $1.41 billion and adjusted earnings per share of $1.09, both exceeding analysts’ expectations, and raised its full-year 2026 guidance.

SharkNinja, the U.S. consumer appliance company behind the Shark vacuum cleaner and Ninja kitchen appliance brands, was spun off from JS Global and began trading independently on the NYSE in 2023.