| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 955.20 | 0.1% | 1.6% |
| Total Income | 955.20 | 0.1% | 1.6% |
| Expenditure | 906.70 | 0.5% | 0.1% |
| PBT | 32.50 | 13.2% | 27.6% |
| Net Profit | 24.20 | 19.8% | 29.0% |
| OPM | 5.08% | 0.52pp | 1.36pp |
| NPM | 2.53% | 0.42pp | 0.98pp |
| EPS | 0.35 | 20.7% | 28.6% |
MillerKnoll Reports Q2 FY2026 Results: Net Sales $955.2 Million
04 May 2026 · 4 May, 6:54 am
Summary
MillerKnoll reported net sales of $955.2 million for Q2 FY2026, a decrease of 1.6% compared to the previous year. However, orders increased by 5.5%, driven by growth across all segments. The company's operating margin was 5.1%, while the adjusted operating margin was 5.9%. Andi Owen, President and CEO, noted that the results reflect disciplined execution and the strength of MillerKnoll's brand collective, with sales and earnings per share exceeding expectations.
Key Highlights
- 1
MillerKnoll's net sales for Q2 FY2026 reached $955.2 million, a decrease of 1.6% year-over-year.
- 2
Orders for Q2 FY2026 increased by 5.5% year-over-year to $972.5 million, driven by growth in every segment.
- 3
The company's gross margin increased by 20 basis points in the second quarter.
- 4
Operating margin for Q2 FY26 was 5.1%, compared to 6.4% in the prior year.
- 5
Adjusted operating margin for Q2 FY26 was 5.9%, compared to 7.1% in the prior year.
- 6
Cash flow from operations in Q2 FY26 was $64.6 million, compared to $55.3 million in the same quarter last year.
- 7
Global Retail net sales increased by 4.7% to $275.8 million in Q2 FY26.
Management Comments
Andi Owen
"Our second quarter results reflect the disciplined execution of our strategic priorities and the strength of MillerKnoll's brand collective. We delivered sales and earnings per share that exceeded expectations. Consolidated orders grew 5.5% with strength in every segment, including record performance from our Global Retail business during the Black Friday / Cyber Monday period. As industry trends continue to improve, we are well positioned to build on this momentum and drive long-term value for our customers and shareholders through ongoing innovation and operational excellence."
Informational and educational content only. Not investment advice.