MillerKnoll (NASDAQ: MLKN) announced its financial results for the third quarter of 2026, indicating challenges in meeting market expectations.
Adjusted earnings for the quarter were $0.43 per share, missing the forecast of $0.45 per share and showing a decrease from the $0.44 per share reported a year ago.
The company recorded revenues of $926.6 million, an increase from the previous year\’s figure of $876.2 million. However, this was below the analyst estimates of $941.96 million.
The company recorded third-quarter orders of $931.6 million, up 9.2 percent as reported and up 7.2 percent organically, year-over-year, driven by growth in North America Contract and Global Retail segments.
The third-quarter gross margin increased by 20 basis points, with an operating margin of 4.8 percent, compared to a negative operating margin of 9.4 percent in the prior year. The adjusted operating margin was 5.7 percent, compared to 6.6 percent in the prior year.
Looking ahead to the fourth quarter of 2026, MillerKnoll anticipates earnings to be in the range of $0.49 to $0.55 per share, which is below analysts\’ expectations of $0.61 per share.
The company also projected its Q4 revenue to range between $955.00 million to $995.00 million, potentially falling short of the market\’s forecast of $993.20 million.
Andi Owen, President and Chief Executive Officer, commented, \”We delivered solid fiscal 2026 third-quarter results, with sales growth across all three segments and strong order growth led by North America Contract and Global Retail. Despite ongoing macroeconomic and geopolitical uncertainty, as well as weather-related impacts during the quarter, our team remained focused on disciplined execution and operational priorities within our control.\”
 reported third-quarter 2026 results with revenue increasing year-over-year but falling short of analyst estimates. Adjusted EPS also missed forecasts and decreased from the previous year.){kind=link}