e.l.f. Beauty shares surge 10.05% after hours as Q3 results beat estimates, forecasts raised on strong demand for affordable products.

e.l.f. Beauty surged 10.05% in after-hours trading following the release of its Q3 fiscal 2026 results, which showed 38% net sales growth to $489.5 million and a raised full-year forecast. The company attributed the strong performance to resilient demand for its affordable products, including a record-breaking launch of its Rhode brand at Sephora, and a $1 global price increase to offset tariff pressures. Management also highlighted expanded distribution across major retailers and a 75% market share gain for its core brand. Despite rising U.S. import tariffs, e.l.f. raised adjusted EPS guidance to $3.05–$3.10 and projected $1.60–$1.61 billion in net sales, reflecting confidence in its value proposition and growth trajectory. The share price jump aligned with the company’s upbeat outlook and outperforming results, overshadowing near-term tariff concerns.