MillerKnoll Inc (NASDAQ:MLKN) Q2 FY2026 Earnings: EPS Beat and Strong Guidance Fuel 8.4% After-Hours Surge

MillerKnoll Inc (NASDAQ:MLKN), the global designer and manufacturer of interior furnishings, reported financial results for its second quarter of fiscal 2026, which ended November 29, 2025. The company’s performance presented a mixed picture, beating bottom-line expectations while experiencing a slight year-over-year sales decline. The market’s immediate reaction, however, has been decisively positive.

Earnings Snapshot: A Beat on Profitability

The core figures from the quarter show MillerKnoll navigating a challenging demand environment with disciplined operations. The company’s non-GAAP earnings per share (EPS) of $0.43 surpassed the consensus analyst estimate of $0.41. This represents a 7.5% earnings beat.

On the top line, reported revenue of $955.2 million came in slightly below the estimated $962.0 million. More notably, it reflects a 1.6% decrease compared to the revenue generated in the same quarter the previous fiscal year.

• Reported Revenue: $955.2 million
• Estimated Revenue: $962.0 million
• Reported Non-GAAP EPS: $0.43
• Estimated Non-GAAP EPS: $0.41

Market Reaction and Recent Performance

The positive investor sentiment following the earnings release is evident in the stock’s price action. In after-hours trading, shares of MillerKnoll rose approximately 8.4%, indicating a strong initial approval of the results and forward outlook. This surge adds to a period of recent strength for the stock.

• Last Month Performance: +26.3%
• Last Two Weeks Performance: +10.0%
• Last Week Performance: +6.3%

This upward trajectory suggests growing investor confidence leading into the earnings report, which was then amplified by the results themselves.

Forward Guidance: The Key Catalyst

A significant driver behind the positive market reaction appears to be the company’s outlook for the upcoming quarter. While the press release summary does not provide specific numerical guidance, contextual news reports indicate that management’s revenue guidance for the next quarter (Q3 fiscal 2026) surprised to the upside.

According to these reports, the company’s midpoint revenue guidance of approximately $943 million for the next quarter stands about 3.7% above the prevailing analyst consensus estimate of $909.1 million. In an environment where corporate guidance is often cautious, an outlook that meaningfully exceeds expectations is typically viewed as a strong positive signal regarding underlying business trends and management’s confidence.

Press Release Highlights

The company’s official announcement frames these results within its identity as a “growth-oriented small-cap value company” operating across industrial and consumer sectors. While the full details are contained in the complete release, the key takeaways for investors are the earnings per share beat and the implied strength in the forward-looking commentary that has captured the market’s attention. The report underscores the company’s focus on navigating current market conditions while positioning for future growth.

Valuation and Estimates Context

Looking ahead, the analyst community has established benchmarks against which MillerKnoll’s progress will be measured. The current consensus sales estimate for the full fiscal year 2026 stands at approximately $3.87 billion. For the immediate next quarter (Q3), analysts are expecting sales around $934.2 million and EPS of $0.41, figures that now appear conservative in light of the company’s own guidance.

For a detailed breakdown of historical earnings, future estimates, and analyst revisions, readers can review the data available on the MillerKnoll earnings and estimates page.

Disclaimer: This article is for informational purposes only and does not constitute financial advice, an endorsement, or a recommendation to buy, sell, or hold any security. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.