MillerKnoll (NASDAQ:MLKN) Shares Gap Down After Earnings Miss

Shares of MillerKnoll, Inc. (NASDAQ:MLKN) gapped down before the market opened 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 changing hands.

The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.02). The company had revenue of $926.60 million during the quarter, compared to the consensus estimate of $941.95 million. MillerKnoll had a return on equity of 10.19% and a net margin of 0.28%.The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS.

MillerKnoll Dividend Announcement

The business 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 $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, February 27th. MillerKnoll’s payout ratio is -192.31%.

Key Headlines Impacting MillerKnoll

Here are the key news stories impacting MillerKnoll this week:

• Positive Sentiment: Revenue growth and some underlying strength: MillerKnoll reported year-over-year revenue growth (roughly +5.7%) and commentary in call highlights noted continued margin expansion despite headwinds — a constructive datapoint for longer-term recovery if headwinds abate. MillerKnoll Inc (MLKN) Q3 2026 Earnings Call Highlights: Strong Sales Growth Amid Market Challenges
• Neutral Sentiment: Full earnings materials and call transcripts published — useful for investors digging into segment trends, margin drivers, and management commentary to decide whether the post-release selloff is overdone. View Press Release / Slide Deck
• Negative Sentiment: Earnings and revenue missed consensus: MillerKnoll reported $0.43 EPS vs. ~$0.45 expected and $926.6M revenue vs. ~$942M expected — misses that triggered the initial selloff. MarketBeat: MillerKnoll misses Q3 estimates
• Negative Sentiment: Geopolitical risk cited as a near-term headwind: Management warned the Iran war is pressuring the outlook (supply, logistics, and oil-price risk), which increases uncertainty for near-term profit guidance and has amplified selling pressure. Investopedia: Iran war pressuring outlook
• Negative Sentiment: Guidance and investor reaction: Coverage and headlines describe a guidance miss or softer outlook, and several outlets reported a sharp after-hours drop — heightening short-term downside risk and volatility. Investing.com: Shares plunge on guidance miss
• Negative Sentiment: Regulatory / litigation risk: Two plaintiff firms (Holzer & Holzer and Johnson Fistel) announced investigations into possible securities-law claims tied to the Q3 results and disclosures — this raises legal overhang risk and could prolong downside if lawsuits or regulatory scrutiny follow. GlobeNewswire: Holzer & Holzer investigation GlobeNewswire: Johnson Fistel investor notice

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of MillerKnoll by 39.4% during the first quarter. Royal Bank of Canada now owns 19,451 shares of the company’s stock worth $373,000 after acquiring an additional 5,495 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of MillerKnoll by 2.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock valued at $775,000 after purchasing an additional 801 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of MillerKnoll by 7.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 197,932 shares of the company’s stock valued at $3,788,000 after purchasing an additional 13,099 shares during the period. Jane Street Group LLC lifted its holdings in MillerKnoll by 311.8% during the 1st quarter. Jane Street Group LLC now owns 414,275 shares of the company’s stock worth $7,929,000 after purchasing an additional 313,684 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in MillerKnoll by 10.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,022 shares of the company’s stock worth $311,000 after purchasing an additional 1,532 shares in the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

MillerKnoll Trading Down 22.4%

The firm has a 50 day simple moving average of $20.13 and a 200 day simple moving average of $18.22. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.95 and a current ratio of 1.66. The firm has a market cap of $1.03 billion, a P/E ratio of 107.36, a P/E/G ratio of 0.82 and a beta of 1.31.

About MillerKnoll

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.