MillerKnoll stock reports stronger profit despite lower sales

Published on 10/06/2026 at 14:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MillerKnoll stock posted USD 26.6 million in Q1 FY2027 net income as sales fell to USD 923.4 million. Orders rose 3.2 percent and the Nasdaq price was USD 20.64.

MLKN, US6005441000, Illustration mit AI erstellt.

MillerKnoll (ISIN US6005441000) generated USD 26.6 million in net income in fiscal Q1 2027, up 31.7 percent from USD 20.2 million a year earlier. The stock was last at USD 20.64 on Nasdaq on October 5, 2026, up 1.98 percent from the prior close, as investors weighed higher profit against weaker sales.

Profit rises as sales soften

For the quarter ended August 29, 2026, net sales fell 3.4 percent year over year to USD 923.4 million, while diluted GAAP earnings per share rose to USD 0.38 from USD 0.29. Those figures are reported in MillerKnoll's fiscal Q1 2027 filing carried by StockTitan.

The operating picture was mixed rather than uniformly weak. Orders increased 3.2 percent to USD 913.9 million, but revenue declined, leaving demand conversion and margin durability as the key issues for the next quarter.

Tariff refunds lift adjusted earnings

Yahoo Finance reported on September 22, 2026, that adjusted diluted earnings per share reached USD 0.53, including a USD 0.11 per-share benefit from refunds of previously paid tariffs. Excluding that benefit, adjusted EPS was USD 0.42, above the company's guidance range.

The one-off contribution matters because it separates reported profitability from underlying operating progress. MillerKnoll's first-quarter operating margin was 5.6 percent, while the company guided fiscal Q2 2027 revenue to USD 972 million to USD 1.012 billion and adjusted EPS to USD 0.43 to USD 0.49, according to StockTitan.

Hold consensus meets a wider range

MarketBeat reported a Hold consensus based on one Buy rating and three Hold ratings. That split fits the operating tension: net income improved 31.7 percent, yet sales contracted 3.4 percent and the tariff refund supplied USD 0.11 of adjusted EPS.

The market value also leaves a broad valuation frame. MillerKnoll's USD 20.64 last price on October 5, 2026, stood within a 52-week range of USD 13.77 to USD 24.71, while market capitalization was USD 1.4 billion. The distance from the yearly high keeps the earnings improvement from becoming a simple momentum story.

Stock remains below yearly high

MillerKnoll stock was last at USD 20.64 on Nasdaq on October 5, 2026 at 4:00 p.m. ET, with volume of 621,883 shares and a daily gain of 1.98 percent. The next test is whether orders can turn into sales growth after the tariff-related earnings benefit fades.