Marcus & Millichap (NYSE:MMI) surprises with Q3 2026 sales
Marcus & Millichap (NYSE:MMI) reported Q3 2026 revenue of $208.4M, up 7.5% YoY, beating estimates. EPS of $0.03 missed forecasts by 53.8%. Adjusted EBITDA of $8.24M exceeded expectations. Revenue growth has been volatile, with a 5-year decline of 4.7% but a 2-year growth of 15.3%. Analysts expect 7.8% revenue growth over the next 12 months.
How this was made

The 30-second read
Why it matters
The earnings miss may trigger short‑term sell‑offs, but the revenue beat and EBITDA beat provide a nuanced view.
Market read
Primary earnings disclosure for a mid‑cap consumer‑discretionary firm; immediate market impact expected.
What to watch
Adjusted EBITDA beat and long‑term revenue growth trends may offset short‑term EPS disappointment.
Background
Marcus & Millichap is a U.S. real‑estate brokerage reporting its third‑quarter 2026 results.
Ticker impact
Q3 2026 earnings report showed revenue beat but EPS miss of $0.03 vs $0.07 estimate.
likely pressure as the market prices in the EPS miss despite revenue beat
Investors focus on the 53.8% EPS miss; profit outlook remains weak.
Market effects
Real estate brokerage sector may see broader scrutiny on profitability metrics.
U.S. consumer discretionary segment could face modest pullback.
Limited to U.S. listed brokerage firms.
Counterpoint
Revenue beat suggests underlying demand; price could rebound if cost controls improve.
Key entities
- CompanyMarcus & Millichap
Real‑estate brokerage and services firm (NYSE:MMI).


