Reported Q: Q2 2026 Rev YoY: +10.9% EPS YoY: +2,146.8% Move: +0.08%
MillerKnoll, Inc.
MLHR
$38.66 0.08%
Exchange NASDAQ Global Select Sector Consumer Cyclical Industry Home Improvement
Q2 2026
Published: Jan 5, 2026

Company Status Snapshot

Fast view of the latest quarter outcome for MLHR

Reported

Report Date

Jan 5, 2026

Quarter Q2 2026

Revenue

955.20M

YoY: +10.9%

EPS

0.35

YoY: +2,146.8%

Market Move

+0.08%

Previous quarter: Q1 2026

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Earnings Highlights

  • Revenue of $955.20M up 10.9% year-over-year
  • EPS of $0.35 increased by 2% from previous year
  • Gross margin of 39.0%
  • Net income of 24.20M
  • "Transcript not provided." - N/A
MLHR
Company MLHR

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Executive Summary

MillerKnoll reported Q2 2026 revenue of $955.2 million, up 10.9% year-over-year and essentially flat versus the prior quarter (QoQ -0.05%). The gross profit of $372.2 million produced a gross margin of 38.97%, with operating income of $50.0 million and an operating margin of 5.23%. Net income reached $24.2 million, delivering a net margin of 2.53% and EPS of $0.35. Despite positive operating momentum, EBITDA remained negative at $22.3 million, reflecting non-cash depreciation, amortization and other expenses that offset operating earnings. Cash-flow dynamics were constructive: net cash provided by operating activities was $64.6 million and free cash flow was $21.3 million, supported by a favorable working capital movement (change in working capital of $65.2 million and other working capital components totaling $65.2 million). The balance sheet shows a robust cash balance of $180.4 million against total assets of $3.95 billion and a sizable leverage position, with total debt of $1.8218 billion and net debt of $1.6414 billion, alongside equity of $1.3628 billion. Capital allocation included modest share repurchases of $7.2 million and dividends of $12.7 million during the period. Management commentary points to ongoing emphasis on product mix optimization, cost discipline, and capital allocation discipline as the engine for profitability resilience in a cyclical office furniture market.

Key Performance Indicators

Revenue
Increasing
955.20M
QoQ: -0.05% | YoY: 10.88%
Gross Profit
Increasing
372.20M
38.97% margin
QoQ: 1.11% | YoY: 10.67%
Operating Income
Increasing
50.00M
QoQ: -6.54% | YoY: 228.95%
Net Income
Increasing
24.20M
QoQ: 19.80% | YoY: 2 116.67%
EPS
Increasing
0.35
QoQ: 20.69% | YoY: 2 146.78%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2026 955.20 0.35 +10.9% View
Q1 2026 955.70 0.29 +7.5% View
Q3 2025 876.20 -0.19 +0.5% View
Q2 2025 970.40 1.43 +2.2% View
Q1 2025 861.50 -0.02 -6.1% View