MillerKnoll (NASDAQ:MLKN) Updates Q4 2026 Earnings Guidance

Key Points

• MillerKnoll lowered Q4 2026 guidance, giving EPS guidance of $0.490–$0.550 versus the $0.620 consensus and revenue guidance of $955–$995 million versus the $995.9 million consensus.
• The company recently missed quarterly estimates (Q: $0.43 EPS vs $0.45 expected; revenue $926.6M vs $941.95M) and declared a quarterly dividend of $0.1875 (4.9% yield) despite an outsized payout ratio of 535.71%, signaling potential sustainability concerns.
• Analyst sentiment has weakened to a consensus rating of "Reduce" after recent downgrades, while the stock trades at $15.45 with a $1.06B market cap, a high P/E of 110.71, and heavy institutional ownership (87.5%).

MillerKnoll (NASDAQ:MLKN - Get Free Report) updated its fourth quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.490-0.550 for the period, compared to the consensus earnings per share estimate of 0.620. The company issued revenue guidance of $955.0 million-$995.0 million, compared to the consensus revenue estimate of $995.9 million.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MLKN shares. Wall Street Zen cut MillerKnoll from a "buy" rating to a "hold" rating in a research report on Saturday, January 10th. Weiss Ratings reiterated a "sell (d+)" rating on shares of MillerKnoll in a research report on Monday, December 29th. William Blair started coverage on MillerKnoll in a research report on Tuesday, February 10th. They set an "outperform" rating for the company. Finally, Zacks Research cut MillerKnoll from a "hold" rating to a "strong sell" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce".

MillerKnoll Price Performance

Shares of MillerKnoll stock traded up $0.43 on Thursday, reaching $15.45. The company's stock had a trading volume of 324,122 shares, compared to its average volume of 723,209. The company has a market capitalization of $1.06 billion, a P/E ratio of 110.71, a PEG ratio of 0.66 and a beta of 1.41. MillerKnoll has a 52-week low of $13.77 and a 52-week high of $23.18. The stock has a 50-day moving average price of $19.22 and a 200-day moving average price of $17.83. The company has a quick ratio of 0.92, a current ratio of 1.64 and a debt-to-equity ratio of 0.96.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.02). MillerKnoll had a return on equity of 10.11% and a net margin of 0.28%.The firm had revenue of $926.60 million for the quarter, compared to analysts' expectations of $941.95 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts expect that MillerKnoll will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Saturday, February 28th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, February 27th. MillerKnoll's payout ratio is presently 535.71%.

Institutional Trading of MillerKnoll

Several large investors have recently made changes to their positions in MLKN. Wellington Management Group LLP increased its position in shares of MillerKnoll by 46.4% during the fourth quarter. Wellington Management Group LLP now owns 1,305,280 shares of the company's stock worth $23,861,000 after purchasing an additional 413,531 shares in the last quarter. Alliancebernstein L.P. boosted its stake in MillerKnoll by 7.1% during the third quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company's stock worth $91,646,000 after buying an additional 340,917 shares during the last quarter. Jane Street Group LLC boosted its stake in MillerKnoll by 311.8% during the first quarter. Jane Street Group LLC now owns 414,275 shares of the company's stock worth $7,929,000 after buying an additional 313,684 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in MillerKnoll by 45.7% during the fourth quarter. Russell Investments Group Ltd. now owns 912,497 shares of the company's stock worth $16,680,000 after buying an additional 286,285 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in MillerKnoll by 842.7% during the fourth quarter. Millennium Management LLC now owns 314,527 shares of the company's stock worth $5,750,000 after buying an additional 281,161 shares during the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

MillerKnoll Company Profile

MillerKnoll, Inc NASDAQ: MLKN is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.

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