Filing Flows › Middleby (MIDD) › Q2 2026
Middleby (MIDD) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Middleby (MIDD) reported revenue of $876M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +4% from the quarter before. Operating margin was 16.9%, net earnings $54.8M (6.3% of revenue).
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.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $876M | +4% | +10% |
| Gross profit | $335M | +4% | +6% |
| Operating profit | $148M | +11% | 0% |
| Net earnings | $54.8M | — | -48% |
| Operating cash flow | $97.7M | +49% | -20% |
| Free cash flow | $87.0M | +51% | -19% |
What changed
Revenue was $875.5M in Q2 2026, up 10% year over year and up 4% from the previous quarter. Commercial Foodservice Equipment Group was the largest line at 72% of revenue. Commercial Foodservice Equipment Group added $50.0M year over year (up 9%), 64% of the total change.
Gross margin was 38.3%, down 1.4 points from Q2 2025. Operating profit was $147.7M, a 16.9% margin (down 1.7 points year over year). Operating profit fell $69K even though revenue rose $78.8M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 11% against revenue growth of 10%. The fastest-growing cost line was SG&A (+11%). Net earnings were $54.8M, down 48% year over year. The effective tax rate was 44.1%.
Operating cash flow was $97.7M (down 20% year over year), 178% of net earnings. Non-cash charges added back $25.8M of depreciation and amortization and $7.3M of share-based compensation. Working capital and other items added $9.8M. Capital expenditures of $10.7M left free cash flow of $87.0M.
Questions
What was Middleby's revenue in the second quarter 2026?
Middleby (MIDD) reported revenue of $876M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +4% from the quarter before.
Was Middleby profitable in the second quarter 2026?
Operating profit was $148M (16.9% of revenue) and net earnings $54.8M.
Source: Middleby 10-Q on SEC EDGAR.