Filing Flows › Middleby (MIDD) › Guidance history
Middleby (MIDD) guidance history: what it guided and what it reported
Middleby gave guidance in 6 earnings releases on file since Aug 6, 2025. Of 3 guided periods since reported, it met or beat its own guidance once (33%). Revenue: 1 of 3, on average -9.7% against the guided midpoint. Its releases raised guidance 3 times and lowered it once.
Revenue
Met or beat 1 of 3 periods (1 above, 0 within, 2 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2025 | $990M–$1.0B (Nov 6, 2025) | $866M | below the range | -13.8% |
| FY2025 | $3.8B–$3.9B (Aug 6, 2025) → raised $3.9B–$3.9B (Nov 6, 2025) | $3.2B | below the range | -17.3% |
| Q3 2025 | $950M–$975M (Aug 6, 2025) | $982M | above the range | +2.0% |
Operating cash flow
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $565M (Feb 26, 2026) | — | to be reported | — |
| Q4 2026 | $178M (Feb 26, 2026) | — | to be reported | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $142M–$152M (Feb 26, 2026) → raised $154M–$164M (May 7, 2026) | — | to be reported | — |
| Q4 2025 | $200M–$210M (Nov 6, 2025) | — | — | — |
| FY2025 | $770M–$800M (Aug 6, 2025) → reaffirmed $779M–$789M (Nov 6, 2025) | — | — | — |
| Q3 2025 | $185M–$195M (Aug 6, 2025) | — | — | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $2.14 (Feb 26, 2026) → lowered −$1.00 (May 7, 2026) → lowered −$2.00 (Aug 11, 2026) → reaffirmed −$2.00 (Nov 5, 2026) | — | to be reported | — |
| Q4 2025 | $2.37 (Nov 6, 2025) | — | — | — |
| FY2025 | $8.65–$9.05 (Aug 6, 2025) → raised $8.99–$9.14 (Nov 6, 2025) | — | — | — |
| Q3 2025 | $2.04–$2.19 (Aug 6, 2025) | — | — | — |
The latest quarter
Middleby, Q2 2026: revenue $876M (+10% year over year), operating margin 16.9%, net earnings $54.8M, operating cash flow $97.7M. The chart follows the revenue to costs, profit and cash.
Questions
Does Middleby beat its guidance?
Middleby gave guidance in 6 earnings releases on file since Aug 6, 2025. Of 3 guided periods since reported, it met or beat its own guidance once (33%). Revenue: 1 of 3, on average -9.7% against the guided midpoint.
How often does Middleby raise guidance?
Its earnings releases raised guidance 3 times and lowered it once since Aug 6, 2025.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.