Middleby (NASDAQ:MIDD) Releases FY 2026 Earnings Guidance

Middleby (NASDAQ:MIDD) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 6.730-6.890 for the period, compared to the consensus earnings per share estimate of 8.480. The company issued revenue guidance of $2.5 billion-$2.5 billion, compared to the consensus revenue estimate of $2.9 billion. Middleby also updated its Q3 2026 guidance to 1.670-1.830 EPS.

Middleby Trading Down 0.9%

Shares of Middleby stock opened at $118.95 on Thursday. The company has a fifty day simple moving average of $148.37 and a 200-day simple moving average of $148.52. Middleby has a 12-month low of $110.82 and a 12-month high of $180.13. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of -12.85 and a beta of 1.32.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.26. Middleby had a negative net margin of 13.22% and a positive return on equity of 16.66%. The company had revenue of $875.55 million during the quarter, compared to the consensus estimate of $836.99 million. During the same quarter in the prior year, the firm posted $2.35 earnings per share. Middleby’s revenue for the quarter was down 10.5% on a year-over-year basis. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, equities analysts forecast that Middleby will post 6.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Middleby in a research report on Wednesday, July 29th. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Jefferies Financial Group reduced their price objective on shares of Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Canaccord Genuity Group set a $157.00 price objective on shares of Middleby and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Middleby from $151.00 to $141.00 and set a “neutral” rating on the stock in a report on Wednesday. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Middleby currently has an average rating of “Moderate Buy” and a consensus target price of $161.62.

More Middleby News

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Q2 results exceeded expectations. Middleby reported adjusted EPS of $2.35 versus the $2.09 consensus estimate and revenue of $875.5 million versus expectations of approximately $837 million. Commercial Foodservice was the primary growth driver, with $630.6 million in sales and 8.3% organic growth. Middleby Q2 Earnings Snapshot
• Positive Sentiment: Share repurchases and the Food Processing separation provide potential support. Middleby repurchased 1.4 million shares during the quarter, or 3.8 million year to date, and completed the spin-off of its Food Processing business into independent company Midera on July 6. The separation is intended to sharpen Middleby’s focus on commercial foodservice and residential equipment. The Middleby Corporation Reports Second Quarter Results
• Neutral Sentiment: JPMorgan retained a Neutral rating but lowered its price target. The firm reduced its target from $151 to $141, still implying substantial upside based on the cited trading level. The change signals that valuation support remains, but near-term catalysts are limited. Benzinga
• Negative Sentiment: Forward guidance fell well short of Wall Street expectations. Middleby forecast third-quarter adjusted EPS of $1.67–$1.83 versus consensus of $1.95 and full-year EPS of $6.73–$6.89 versus $8.48 expected. Full-year revenue guidance of roughly $2.48–$2.53 billion also trailed the approximately $2.9 billion consensus. Tariffs, inflation and margin pressure are weighing on the outlook, while reported net earnings from continuing operations and GAAP EPS declined year over year. Middleby Q2 Earnings Beat Estimates on Commercial Foodservice Strength

Institutional Investors Weigh In On Middleby

Large investors have recently bought and sold shares of the stock. Danske Bank A S purchased a new position in Middleby during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Middleby by 135.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 141 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Middleby during the fourth quarter valued at $35,000. EverSource Wealth Advisors LLC increased its position in Middleby by 280.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 241 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Middleby by 90.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Company Profile

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.