Middleby (NASDAQ:MIDD) Announces FY 2026 Earnings Guidance

Middleby (NASDAQ:MIDD) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 7.130-7.290 for the period, compared to the consensus estimate of 6.820. The company issued revenue guidance of $2.5 billion, compared to the consensus revenue estimate of $2.5 billion. Middleby also updated its Q4 2026 guidance to 1.760-1.920 EPS.

Middleby Stock Up 2.0%

Shares of MIDD stock opened at $130.14 on Friday. Middleby has a 12 month low of $102.14 and a 12 month high of $180.13. The firm has a market cap of $5.88 billion, a PE ratio of -14.05 and a beta of 1.29. The stock has a 50 day moving average of $110.92 and a 200-day moving average of $137.19. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Thursday, November 5th. The industrial products company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.32. The company had revenue of $652.58 million during the quarter, compared to analysts’ expectations of $634.04 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%. Middleby’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.37 earnings per share. Middleby has set its Q4 2026 guidance at 1.760-1.920 EPS and its FY 2026 guidance at 7.130-7.290 EPS. On average, equities analysts predict that Middleby will post 6.82 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on MIDD shares. Royal Bank Of Canada set a $147.00 target price on shares of Middleby in a research note on Tuesday, September 15th. JPMorgan Chase & Co. decreased their price target on shares of Middleby from $147.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Canaccord Genuity Group set a $152.00 price target on shares of Middleby and gave the stock a “buy” rating in a research report on Thursday, October 29th. KeyCorp set a $152.00 price objective on shares of Middleby in a report on Tuesday, July 14th. Finally, Zacks Research raised shares of Middleby from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Middleby has a consensus rating of “Moderate Buy” and a consensus target price of $158.25.

Key Middleby News

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Q3 adjusted earnings were $2.07 per share, ahead of the roughly $1.75 analyst consensus, while revenue of $652.6 million exceeded expectations of about $634 million and rose 7.7% year over year. The company also cited record quarterly sales, 10% growth in adjusted EBITDA, and results above the high end of its sales and EBITDA guidance. Middleby Q3 results
• Positive Sentiment: Middleby set 2026 EPS guidance at $7.13–$7.29, above the prior analyst consensus of $6.82, giving investors a stronger full-year earnings outlook. Revenue guidance is $2.5 billion, in line with consensus. Middleby 2026 guidance
• Neutral Sentiment: Steve Spittle, currently chief commercial officer, will succeed Tim FitzGerald as CEO on April 1, 2027. The scheduled transition offers continuity from within the company, though leadership changes can bring uncertainty. CEO succession announcement
• Negative Sentiment: Q3 EPS was below the $2.37 reported a year earlier. For Q4, EPS guidance of $1.76–$1.92 brackets the $1.79 consensus, but the revenue range of $621–$635 million has a midpoint slightly below analysts’ $631.1 million estimate. Quarterly earnings and outlook

About Middleby

The Middleby Corporation (NASDAQ: MIDD) designs, manufactures and sells commercial, residential and food processing equipment. Its commercial foodservice products include conveyor, deck, combi and convection ovens; ranges, fryers, steam-cooking equipment, refrigeration systems, ventilation products and kitchen automation technologies. These products are used by restaurants, hotels, institutional kitchens, convenience stores, supermarkets and other foodservice operators.

Middleby also offers equipment and appliances for residential kitchens, including cooking products, refrigeration, ventilation and outdoor cooking systems.