Filing Flows › Millerknoll (MLKN) › Q2 FY26
Millerknoll (MLKN) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jan 5, 2026
Millerknoll (MLKN) reported revenue of $955M for the second quarter fiscal 2026 (Q2 FY26), -2% from a year earlier and -0.1% from the quarter before. Operating margin was 5.1%, net earnings $24.2M (2.5% of revenue).
Millerknoll, Q2 FY26: revenue $955M (-2% year over year), operating margin 5.1%, net earnings $24.2M, operating cash flow $64.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $955M | -0.1% | -2% |
| Gross profit | $372M | +1% | -1% |
| Operating profit | $48.5M | -9% | -22% |
| Net earnings | $24.2M | +20% | -29% |
| Operating cash flow | $64.6M | +587% | +17% |
| Free cash flow | $34.0M | — | +3% |
What changed
Revenue was $955.2M in Q2 FY26, down 2% year over year and roughly flat from the previous quarter. Workplace was the largest line at 37% of revenue. Workplace lost $20.4M year over year (down 5%), 134% of the total change.
Gross margin was 39.0%, up 0.1 points from a year earlier. Operating profit was $48.5M, a 5.1% margin (down 1.4 points year over year). Operating expenses grew 3% against a revenue fall of 2%. Net earnings were $24.2M, down 29% year over year. The effective tax rate was 22.5%.
Operating cash flow was $64.6M (up 17% year over year), 256% of net income including minority interests. Non-cash charges added back $36.6M of depreciation and amortization and $5.8M of share-based compensation. Capital expenditures of $30.6M left free cash flow of $34.0M.
Questions
What was Millerknoll's revenue in the second quarter fiscal 2026?
Millerknoll (MLKN) reported revenue of $955M for the second quarter fiscal 2026 (Q2 FY26), -2% from a year earlier and -0.1% from the quarter before.
Was Millerknoll profitable in the second quarter fiscal 2026?
Operating profit was $48.5M (5.1% of revenue) and net earnings $24.2M.
Source: Millerknoll 10-Q on SEC EDGAR.