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HNI (HNI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · HNI (HNI) Q3 2026 earnings results →
Q3 2026 Revenue up 133% year over year to $1.6B · 6¢ of every $1 of revenue kept as net profit · operating margin 8.6%
HNI made $1.6B in Q3 2026 (+133% Y/Y): Workplace furnishings $1.4B, Residential building products $175M. Operating margin 8.6%, net earnings $90.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
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What changed this quarter
Revenue was $1.6B in Q3 2026, up 133% year over year and up 8% from the previous quarter. Workplace furnishings was the largest line at 89% of revenue. Workplace furnishings added $0.90B year over year (up 174%), 99% of the total change.
Gross margin was 42.6%, up 0.5 points from Q3 2025. Operating profit was $0.14B, a 8.6% margin (down 0.9 points year over year). Of the extra revenue versus Q3 2025, 8% reached operating profit, below the 9% margin then. Operating expenses grew 142% against revenue growth of 133%. The fastest-growing cost line was SG&A (+149%). Net earnings were $0.09B, up 118% year over year. The effective tax rate was 25.8%.
Operating cash flow was $0.20B (up 26% year over year), 217% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.03B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $1.6B | +133% | 8.6% | $90.0M | $195M |
| Q2 2026 | 10-Q | Aug 4, 2026 | $1.5B | +121% | 6.3% | $51.1M | $140M |
| Q1 2026 | 10-Q | May 6, 2026 | $1.3B | +125% | -2.7% | −$38.8M | −$172M |
| Q4 2025 | 10-K | Mar 3, 2026 | $888M | +38% | -3.5% | −$49.2M | $77.4M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $684M | +2% | 9.4% | $41.2M | $155M |
| Q2 2025 | 10-Q | Jul 29, 2025 | $667M | +7% | 10.2% | $48.3M | $31.1M |
| Q1 2025 | 10-Q | May 7, 2025 | $600M | +2% | 4.1% | $13.9M | $12.6M |
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About HNI
HNI Corporation has been improving where people live, work, and gather for more than 80 years. HNI is a manufacturer of workplace furnishings and residential building products. Within workplace furnishings, the Corporation is the thought leader in commercial furnishings and the preeminent global designer, innovator, and provider of workplace solutions going to market under unique brands serving multiple channels and customers from the largest multinational companies to small local businesses. Within residential building products, the Corporation is the nation's leading manufacturer and marketer of hearth products. The Corporation utilizes a multi-faceted go-to-market model to deliver value to customers via various brands and selling models. HNI is focused on growing its existing businesses while seeking out and developing new opportunities for expansion.
In its own words, from its 10-K, filed Mar 3, 2026.
Source: HNI 10-Q on SEC EDGAR · CIK 48287 · Office Furniture (No Wood)
Guidance and outlook
13F: who owns HNI and who is buying
More on HNI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results