HNI

Q1 FY2026 EarningsQ2 FY2026 revenue surged 121% YoY to $1.5B, primarily driven by the Steelcase acquisition ($806.9M contribution), while organic growth remained flat at 0.1%. Non-GAAP diluted EPS rose 14% YoY to $1.27, supported by operational productivity and 150bps of net tariff impacts. Workplace Furnishings orders grew 5% YoY, signaling accelerating demand, while Residential Building Products saw a 1.6% revenue decline due to new construction weakness. Management raised its FY2026 outlook, now expecting 20-25% non-GAAP EPS growth.