Filing Flows › Millerknoll (MLKN) › Q1 FY27
Millerknoll (MLKN) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 28, 2026
Millerknoll (MLKN) reported revenue of $923M for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and -8% from the quarter before. Operating margin was 5.6%, net earnings $26.6M (2.9% of revenue).
Millerknoll, Q1 FY27: revenue $923M (-3% year over year), operating margin 5.6%, net earnings $26.6M, operating cash flow $49.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $923M | -8% | -3% |
| Gross profit | $385M | -3% | +5% |
| Operating profit | $51.8M | +0.8% | -3% |
| Net earnings | $26.6M | +13% | +32% |
| Operating cash flow | $49.1M | -24% | +422% |
| Free cash flow | $16.6M | -36% | — |
What changed
Revenue was $923.4M in Q1 FY27, down 3% year over year and down 8% from the previous quarter. Workplace was the largest line at 39% of revenue. Workplace lost $34.9M year over year (down 9%), 108% of the total change.
Gross margin was 41.7%, up 3.2 points from Q1 FY26. Operating profit was $51.8M, a 5.6% margin (unchanged year over year). Operating expenses grew 6% against a revenue fall of 3%. The fastest-growing cost line was Research & development (+23%). Net earnings were $26.6M, up 32% year over year. The effective tax rate was 21.6%.
Operating cash flow was $49.1M (up 422% year over year), 178% of net income including minority interests. Non-cash charges added back $34.5M of depreciation and amortization and $8.1M of share-based compensation. Working capital and other items used $21.1M. Capital expenditures of $32.5M left free cash flow of $16.6M.
Questions
What was Millerknoll's revenue in the first quarter fiscal 2027?
Millerknoll (MLKN) reported revenue of $923M for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and -8% from the quarter before.
Was Millerknoll profitable in the first quarter fiscal 2027?
Operating profit was $51.8M (5.6% of revenue) and net earnings $26.6M.
Source: Millerknoll 10-Q on SEC EDGAR.