Middleby (NASDAQ:MIDD) Releases Q3 2026 Earnings Guidance

Middleby (NASDAQ:MIDD) issued an update on its third quarter 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.670-1.830 for the period, compared to the consensus estimate of 1.950. The company issued revenue guidance of $620.0 million-$640.0 million, compared to the consensus revenue estimate of $696.6 million. Middleby also updated its FY 2026 guidance to 6.730-6.890 EPS.

Middleby Price Performance

Shares of NASDAQ:MIDD opened at $118.95 on Thursday. The business has a fifty day moving average price of $148.37 and a 200-day moving average price of $148.52. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The company has a market capitalization of $5.38 billion, a PE ratio of -12.85 and a beta of 1.32. Middleby has a 1-year low of $110.82 and a 1-year high of $180.13.

Middleby (NASDAQ:MIDD) last issued its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.26. Middleby had a negative net margin of 13.22% and a positive return on equity of 16.66%. The business had revenue of $875.55 million during the quarter, compared to analysts’ expectations of $836.99 million. During the same period in the previous year, the company earned $2.35 earnings per share. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. As a group, equities analysts expect that Middleby will post 6.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MIDD. Wall Street Zen cut shares of Middleby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. KeyCorp set a $152.00 price target on Middleby in a report on Tuesday, July 14th. Seaport Research Partners set a $145.00 price objective on Middleby in a research report on Wednesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Middleby in a research note on Wednesday, July 29th. Finally, Oppenheimer reissued an “outperform” rating and set a $160.00 price objective (down from $205.00) on shares of Middleby in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Middleby currently has an average rating of “Moderate Buy” and an average price target of $161.62.

Key Middleby News

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Q2 results exceeded expectations. Middleby reported adjusted EPS of $2.35 versus the $2.09 consensus estimate and revenue of $875.5 million versus expectations of approximately $837 million. Commercial Foodservice was the primary growth driver, with $630.6 million in sales and 8.3% organic growth. Middleby Q2 Earnings Snapshot
• Positive Sentiment: Share repurchases and the Food Processing separation provide potential support. Middleby repurchased 1.4 million shares during the quarter, or 3.8 million year to date, and completed the spin-off of its Food Processing business into independent company Midera on July 6. The separation is intended to sharpen Middleby’s focus on commercial foodservice and residential equipment. The Middleby Corporation Reports Second Quarter Results
• Neutral Sentiment: JPMorgan retained a Neutral rating but lowered its price target. The firm reduced its target from $151 to $141, still implying substantial upside based on the cited trading level. The change signals that valuation support remains, but near-term catalysts are limited. Benzinga
• Negative Sentiment: Forward guidance fell well short of Wall Street expectations. Middleby forecast third-quarter adjusted EPS of $1.67–$1.83 versus consensus of $1.95 and full-year EPS of $6.73–$6.89 versus $8.48 expected. Full-year revenue guidance of roughly $2.48–$2.53 billion also trailed the approximately $2.9 billion consensus. Tariffs, inflation and margin pressure are weighing on the outlook, while reported net earnings from continuing operations and GAAP EPS declined year over year. Middleby Q2 Earnings Beat Estimates on Commercial Foodservice Strength

Institutional Trading of Middleby

Institutional investors and hedge funds have recently made changes to their positions in the company. DRW Securities LLC purchased a new position in Middleby during the 4th quarter valued at about $240,000. Aristides Capital LLC bought a new position in shares of Middleby in the 4th quarter worth $249,000. Vestor Capital LLC lifted its stake in shares of Middleby by 38.5% during the 4th quarter. Vestor Capital LLC now owns 1,385 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 385 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Middleby during the 3rd quarter worth $139,000. Finally, Cresset Asset Management LLC grew its stake in Middleby by 7.6% in the third quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 107 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors.

About Middleby

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.