Somnigroup

Q2 FY2026 EarningsQ2 FY26 results missed revenue expectations but significantly beat on profitability: revenue $1,823.5M vs. $1,882.5M expected, while gross margin was 44.8% vs. 44.4% consensus. Adjusted EPS of $0.58 exceeded the $0.57 consensus despite a 3.0% YoY sales decline, driven by aggressive cost synergies and operational efficiencies in the North American segment. Management confirmed the pending $2.5B acquisition of Leggett & Platt, which is expected to close in Q3 FY26 and further transform the supply chain vertically.