MillerKnoll (NASDAQ:MLKN) Shares Gap Down Following Weak Earnings

Shares of MillerKnoll, Inc. (NASDAQ:MLKN) gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $19.36, but opened at $14.36. MillerKnoll shares last traded at $15.01, with a volume of 745,236 shares trading hands.

The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.02). MillerKnoll had a positive return on equity of 10.32% and a negative net margin of 0.68%.The firm had revenue of $926.60 million for the quarter, compared to analyst estimates of $941.95 million. During the same period in the previous year, the business posted $0.44 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Saturday, February 28th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, February 27th. MillerKnoll’s dividend payout ratio (DPR) is currently -192.31%.

Key Stories Impacting MillerKnoll

Here are the key news stories impacting MillerKnoll this week:

• Positive Sentiment: Management emphasized strong sales growth and continued margin expansion in Q3, which supports the case that core demand and profitability trends are improving. MillerKnoll Inc (MLKN) Q3 2026 Earnings Call Highlights
• Positive Sentiment: Certain earnings call write-ups report an adjusted/one-time basis EPS beat (one transcript shows adjusted EPS ~ $0.98 vs. $0.45 consensus), which could be supportive if investors focus on adjusted results and margin progress. Q3 2026 Earnings Call Transcript (InsiderMonkey)
• Neutral Sentiment: Top line grew: revenue was up ~5.7% year-over-year to about $926.6M, showing demand expansion but falling short of analyst consensus. Official results and slides provide the detailed figures. PR Newswire: Q3 Results
• Negative Sentiment: GAAP EPS of $0.43 missed consensus (~$0.45) and revenue missed estimates, prompting investor concern over near-term profitability and execution. Zacks: Earnings and Revenues Lag Estimates
• Negative Sentiment: Management warned the Middle East conflict is expected to pressure profits, creating an external headwind to margins and guidance that increases short-term uncertainty. Investopedia: 5 Things to Know
• Negative Sentiment: Market reaction was negative: multiple outlets reported a sharp after-hours selloff (double-digit percentage decline) as investors punished the combination of misses and a weaker outlook. Investing.com: Shares Plunge 14%

Analyst Upgrades and Downgrades

MLKN has been the topic of several research analyst reports. Wall Street Zen cut MillerKnoll from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. William Blair started coverage on MillerKnoll in a report on Tuesday, February 10th. They issued an “outperform” rating for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of MillerKnoll in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of MillerKnoll from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, MillerKnoll has a consensus rating of “Hold”.

Institutional Investors Weigh In On MillerKnoll

A number of institutional investors and hedge funds have recently modified their holdings of MLKN. Osaic Holdings Inc. lifted its holdings in MillerKnoll by 36.5% in the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after buying an additional 519 shares during the period. Lloyd Advisory Services LLC. acquired a new position in shares of MillerKnoll in the 4th quarter valued at $46,000. Harbour Investments Inc. lifted its stake in shares of MillerKnoll by 47.7% in the 4th quarter. Harbour Investments Inc. now owns 3,095 shares of the company’s stock valued at $57,000 after purchasing an additional 1,000 shares during the period. Johnson Financial Group Inc. bought a new position in shares of MillerKnoll in the 3rd quarter worth $72,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of MillerKnoll in the 2nd quarter worth $82,000. 87.50% of the stock is owned by institutional investors.

MillerKnoll Trading Down 22.6%

The business has a 50 day moving average of $20.21 and a 200 day moving average of $18.24. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -38.51, a PEG ratio of 0.81 and a beta of 1.31. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.66 and a quick ratio of 0.95.

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.