Q2 FY2026 EarningsQ2 FY26 results beat revenue expectations significantly at $875.5M vs. $725.0M consensus, driven by an 8.3% organic volume inflection in Commercial Foodservice. However, margins were pressured, with gross margin coming in at 38.3% vs. the 39.8% expected due to tariffs and input cost inflation. GAAP EPS of $1.21 missed the $2.01 consensus primarily due to a $28.9M equity loss from the retained Residential interest and a higher effective tax rate of 34.2%.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Middleby(MIDD) the Revenue is 875.55 M (-10.46%), Beat estimate;the EBIT is 168.04 M (-1.02%), Beat estimate;the EPS is 1.21 (-39.2%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueExceed expectations
0.88B10.46%
0.72B25.86%
+0.15B15.40%
EBITExceed expectations
0.17B1.02%
0.13B20.92%
+0.03B19.90%
EPSMiss expectations
1.2139.20%
2.00760.88%
-0.797640.08%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf