e.l.f. Beauty Inc.'s stock surged 6.90% in after-hours trading on Wednesday, following the release of its third-quarter fiscal 2026 financial results.

The significant price movement was driven by the company reporting quarterly adjusted earnings of $1.24 per share, substantially beating the analyst consensus estimate of $0.72. Revenue jumped 38% year-over-year to $489.5 million, also exceeding expectations. Management attributed the strong performance to resilient demand for its affordable cosmetics amid economic uncertainty, successful expansion across retail and e-commerce channels, and positive contributions from the recently acquired Rhode brand.

Furthermore, e.l.f. Beauty raised its fiscal 2026 outlook, now expecting net sales in the range of $1.60 billion to $1.61 billion, up from prior guidance of $1.55 billion to $1.57 billion. The company also increased its adjusted earnings per share forecast to $3.05-$3.10 from $2.80-$2.85, signaling continued confidence in its growth trajectory.