MHK, US6081901042

Mohawk Industries stock reports Q2 growth as target is cut

Published on 10/01/2026 at 05:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EPS reached USD 3.67 in Q2 2026 versus USD 2.58 consensus. Evercore ISI set a USD 129.00 target on September 25, 2026, ahead of October 29 results.

MHK, US6081901042, Illustration mit AI erstellt.

Mohawk Industries stock is anchored by Q2 2026 adjusted EPS of USD 3.67 versus USD 2.58 consensus, while Evercore ISI lowered its target from USD 132.00 to USD 129.00 on September 25, 2026. The flooring manufacturer also has October 29, 2026 listed as its next earnings date.

Q2 earnings beat expectations

Mohawk generated Q2 2026 revenue of USD 2.99 billion, up 6.80 percent from the prior-year quarter and above the USD 2.79 billion consensus estimate, according to MarketBeat. The comparison puts the revenue beat at USD 200.00 million, while adjusted EPS exceeded consensus by USD 1.09.

The company reported GAAP diluted EPS of USD 3.22 for Q2 2026 in the standardized financial statements, compared with adjusted EPS of USD 3.67 in the earnings call. Yahoo Finance reported that adjusted gross margin reached 27.40 percent, up 1.00 percentage point from the prior year.

Analyst target moves lower

Evercore ISI maintained an In Line rating while cutting its Mohawk target to USD 129.00 from USD 132.00 on September 25, 2026, as reported by Markets Insider. The revised target is USD 3.84 below the USD 132.84 equivalent of the target's prior level, but the rating itself stayed neutral.

The broader analyst view remained Hold, with an average target of USD 130.50, according to MarketBeat. That target sits between Evercore ISI's revised view and the USD 155.00 high in the cited analyst range, leaving the Q3 report as the next dated test for earnings durability.

Prior close and valuation

The prior close at Lang & Schwarz was EUR 110.08 on September 29, 2026. Mohawk Industries had a market capitalization of USD 7.6 billion as of September 30, 2026, while its 52-week range was USD 92.99 to USD 143.13.