MillerKnoll Shares Plunge 21% After Earnings Miss and Weak Outlook

MillerKnoll Inc. (NASDAQ: MLKN) reported fiscal third-quarter 2026 results that missed analyst expectations, with shares dropping 21% intra-day Thursday as investors reacted to both weaker results and disappointing guidance.

The furniture and design company reported adjusted earnings per share of $0.43 for the quarter ended February 28, falling short of the consensus estimate of $0.45. Revenue totaled $926.6 million, below the $941.95 million estimate and down from the prior-year period.

The company’s outlook for the fourth quarter further weighed on sentiment. MillerKnoll projected earnings per share of $0.49 to $0.55, with a midpoint of $0.52, significantly below the analyst consensus of $0.61.

Fourth-quarter revenue was forecast in the range of $955 million to $995 million, with the midpoint of $975 million also trailing the $993 million consensus estimate.