MillerKnoll Shares Plunge 21% Following Q3 Earnings Miss and Weak Guidance

Key Facts

1MillerKnoll (MLKN) shares plunged 21% during Thursday trading following the announcement of fiscal Q3 2026 results.

2Adjusted earnings per share for Q3 came in at $0.43, missing analyst estimates of $0.45.

3Q3 revenue was $926.6 million, trailing the expected $941.95 million.

4The company projects Q4 earnings per share between $0.49 and $0.55, significantly below the analyst consensus of $0.61.

MillerKnoll (MLKN) shares experienced a sharp 21% decline during Thursday's trading session after the company reported fiscal third-quarter results that failed to meet market expectations. The furniture manufacturer posted adjusted earnings per share of $0.43, missing the analyst consensus of $0.45. Revenue for the quarter also fell short, coming in at $926.6 million against the projected $941.95 million. Investor sentiment was further dampened by the company's disappointing outlook for the upcoming fourth quarter. MillerKnoll expects Q4 earnings between $0.49 and $0.55 per share, significantly lower than the $0.61 anticipated by analysts. This massive sell-off reflects growing concerns over potential headwinds within the design and furniture sector.