Filing Flows › Millerknoll (MLKN) › Q1 FY26
Millerknoll (MLKN) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 29, 2025
Millerknoll (MLKN) reported revenue of $956M for the first quarter fiscal 2026 (Q1 FY26), +11% from a year earlier and -0.6% from the quarter before. Operating margin was 5.6%, net earnings $21.1M (2.2% of revenue).
Millerknoll, Q1 FY26: revenue $956M (+11% year over year), operating margin 5.6%, net earnings $21.1M, operating cash flow $9.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $956M | -0.6% | +11% |
| Gross profit | $368M | -2% | +9% |
| Operating profit | $53.5M | -3% | +252% |
| Net earnings | $21.1M | — | — |
| Operating cash flow | $9.4M | -87% | -55% |
What changed
Revenue was $955.7M in Q1 FY26, up 11% year over year and down 1% from the previous quarter. Workplace was the largest line at 39% of revenue. Workplace added $57.0M year over year (up 18%), 61% of the total change.
Gross margin was 38.5%, down 0.5 points from a year earlier. Operating profit was $53.5M, a 5.6% margin (up 3.8 points year over year). Of the extra revenue versus a year earlier, 41% reached operating profit, above the 2% margin then. Operating expenses fell 2% while revenue rose 11%. Net earnings were $20.2M. The effective tax rate was 26.5%.
Operating cash flow was $9.4M (down 55% year over year), 45% of net income including minority interests. Non-cash charges added back $35.4M of depreciation and amortization and $9.3M of share-based compensation. Working capital and other items used $56.4M. Capital expenditures of $30.7M exceeded it, leaving free cash flow of −$21.3M.
Questions
What was Millerknoll's revenue in the first quarter fiscal 2026?
Millerknoll (MLKN) reported revenue of $956M for the first quarter fiscal 2026 (Q1 FY26), +11% from a year earlier and -0.6% from the quarter before.
Was Millerknoll profitable in the first quarter fiscal 2026?
Operating profit was $53.5M (5.6% of revenue) and net earnings $21.1M.
Source: Millerknoll 10-Q on SEC EDGAR.