MillerKnoll Inc (NASDAQ:MLKN) Q1 FY2026 Earnings Top Estimates, Sparking After-Hours Rally

MillerKnoll Inc (NASDAQ:MLKN), a global designer and manufacturer of interior furnishings, reported financial results for the first quarter of fiscal year 2026, delivering a performance that notably exceeded analyst expectations on key profitability and sales metrics. The company's earnings release, dated September 23, 2025, has elicited a positive initial reaction in after-hours trading, suggesting investor approval of the quarterly beat despite some potential concerns looking forward.

First Quarter Fiscal 2026 Results

The company's latest quarterly report showcases a period of solid operational execution. The most significant figures from the earnings release highlight a clear outperformance relative to what Wall Street had forecast.

• Revenue: The company reported sales of $955.7 million, surpassing the analyst consensus estimate of approximately $929.2 million.
• Earnings Per Share: On a non-GAAP basis, MillerKnoll reported earnings per share (EPS) of $0.45. This substantially beat the average estimate of $0.35 per share, representing a 28.6% upside surprise.

This quarter continues a trend of strong execution, as evidenced by a recent third-quarter calendar year 2025 report that also featured sales growth of 10.9% year-over-year and an EPS beat. The latest results reinforce the company's ability to navigate the current economic environment effectively.

Market Reaction and Price Action

The immediate market response to the earnings announcement has been favorable. Following the release, the stock was up approximately 0.84% in after-market trading. This positive movement indicates that investors are focusing on the strong top and bottom-line beats for the just-completed quarter.

However, this near-term optimism is set against a backdrop of recent weakness. Over the past month, the stock has declined by roughly 10.3%, with smaller losses over the past two weeks and week. This suggests that market sentiment leading into the earnings report was cautious, potentially due to broader economic concerns or sector-specific headwinds. The after-hours bounce may therefore represent a relief rally based on the better-than-feared results.

Forward-Looking Guidance and Analyst Estimates

A critical component of any earnings report is the company's outlook for the future. While the press release summary does not explicitly detail MillerKnoll's own guidance for the upcoming quarter, context from recent news reports indicates that the company's previous revenue guidance for its next quarter was set at $946 million, which fell about 1.5% below analyst expectations at the time.

Looking ahead, analysts have established their own estimates for MillerKnoll's performance. For the upcoming second quarter of fiscal 2026, the consensus estimates are:

• Q2 FY2026 Revenue Estimate: $979.9 million
• Q2 FY2026 EPS Estimate: $0.42

For the full 2026 fiscal year, the analyst consensus projects sales of $3.84 billion and earnings per share of $1.83. Investors will be closely monitoring the company's ability to meet or exceed these forward-looking estimates, particularly in light of any guidance provided in the full earnings release.

Summary of Key Takeaways

MillerKnoll's first-quarter report was characterized by a decisive earnings beat on both revenue and profitability. The strong results have triggered a positive initial reaction from the market. The primary focus for investors moving forward will be on the company's ability to sustain this momentum and align its performance with analyst expectations for the remainder of the fiscal year, especially in the face of any potential economic softness affecting the commercial furniture market.

For a more detailed look at historical earnings, future estimates, and analyst projections, visit the MillerKnoll earnings and estimates page.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy, sell, or hold any security. Investing involves risk, including the possible loss of principal.