Mohawk Industries (NYSE:MHK) Releases Q3 2026 Earnings Guidance

Mohawk Industries (NYSE:MHK) updated its third quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 2.380-2.480 for the period, compared to the consensus earnings per share estimate of 2.400. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of brokerages have weighed in on MHK. Evercore set a $110.00 price objective on shares of Mohawk Industries in a report on Monday, May 4th. Zacks Research upgraded shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Bank of America restated a “neutral” rating and issued a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Weiss Ratings raised Mohawk Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Finally, Truist Financial lowered their price objective on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $124.42.

Mohawk Industries Stock Up 5.4%

MHK traded up $6.09 during trading on Thursday, hitting $119.47. 2,439,435 shares of the company’s stock traded hands, compared to its average volume of 657,327. The company’s 50 day simple moving average is $110.85 and its two-hundred day simple moving average is $111.36. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. Mohawk Industries has a 12-month low of $92.99 and a 12-month high of $143.13. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 2.81 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $2.58 by $1.09. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the previous year, the business earned $2.77 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Analysts predict that Mohawk Industries will post 8.67 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $112.08, for a total value of $504,360.00. Following the transaction, the chief executive officer owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. This trade represents a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Suzanne L. Helen sold 16,600 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the sale, the insider owned 14,132 shares of the company’s stock, valued at $1,596,492.04. This trade represents a 54.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,186 shares of company stock valued at $4,460,321 in the last ninety days. Insiders own 17.90% of the company’s stock.

Key Stories Impacting Mohawk Industries

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Q2 earnings beat expectations: Adjusted EPS was $3.67, well above the $2.58 analyst consensus. Reported EPS was $3.22, while adjusted net earnings reached $223 million, compared with $173 million a year earlier. Mohawk Industries Reports Q2 2026 Results
• Positive Sentiment: Revenue exceeded forecasts and grew year over year: Second-quarter net sales were approximately $3.0 billion, up 6.8% from $2.8 billion last year and ahead of the roughly $2.79 billion consensus estimate. Sales increased 5.0% after adjusting for constant days and exchange rates. Mohawk Industries Q2 Earnings Snapshot
• Positive Sentiment: Profit growth was notable: Reported net earnings rose to $196 million from $147 million in the prior-year quarter, and adjusted EPS increased from $2.77 to $3.67. The results suggest improved operating performance despite ongoing challenges in the housing and remodeling markets. Mohawk Industries Reports Q2 2026 Results
• Neutral Sentiment: Third-quarter outlook was broadly in line with expectations: Mohawk guided for EPS of $2.38 to $2.48, versus analyst consensus of $2.40. The midpoint is modestly above consensus, but the lower end of the range leaves room for a potential slowdown from the strong second quarter.

Hedge Funds Weigh In On Mohawk Industries

A number of institutional investors have recently bought and sold shares of MHK. Dimensional Fund Advisors LP increased its stake in Mohawk Industries by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,138,557 shares of the company’s stock worth $343,045,000 after purchasing an additional 53,545 shares during the period. State Street Corp increased its stake in shares of Mohawk Industries by 2.1% during the second quarter. State Street Corp now owns 1,915,831 shares of the company’s stock worth $200,856,000 after purchasing an additional 39,556 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Mohawk Industries by 15.9% in the 4th quarter. AQR Capital Management LLC now owns 1,829,347 shares of the company’s stock worth $199,948,000 after buying an additional 251,012 shares during the last quarter. Steadfast Capital Management LP increased its stake in Mohawk Industries by 96.3% during the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after buying an additional 459,700 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Mohawk Industries by 28.4% during the fourth quarter. Morgan Stanley now owns 573,684 shares of the company’s stock worth $62,704,000 after purchasing an additional 126,975 shares in the last quarter. 78.98% of the stock is owned by institutional investors.

About Mohawk Industries

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.