$MIDD

Middleby (MIDD) shares fell 10.9% since its last earnings report, despite beating Q2 estimates with $2.35 EPS and $876M revenue. Commercial Foodservice sales grew 8.6% YoY. Margins declined due to tariffs and inflation. The company repurchased 1.4M shares and issued Q3 guidance. Analysts have downgraded estimates, giving MIDD a 'Strong Sell' rating.

Middleby (MIDD) reported Q2 2026 net sales of $875.5M, up 9.9% YoY. Commercial Foodservice revenue grew 8.3% to $630.6M. Adjusted EBITDA rose to $193.2M, and adjusted EPS increased to $2.35. The company raised full-year revenue guidance to $2.48B-$2.53B, expecting 7% organic growth. Management warned of inflationary pressures but highlighted strategic initiatives to offset costs. The spin-off of the food processing segment was completed, focusing the company on commercial foodservice.

Middleby (MIDD) shares fell 12.3% after its first earnings report since it completed a July 6 spin-off of its food processing unit into a new publicly traded company, Midera Food Processing. Middleby said it is now a pure-play commercial foodservice business, with 2025 sales growth guidance of 6% to 8% and EPS implying a P/E below 17.5.

Middleby (NASDAQ:MIDD) said dealer-channel growth remains positive but should moderate in H2, with Q3 and Q4 growth driven mainly by chain customers. Q2 organic adjusted EBITDA margin was 25.8%, below expectations due to mix, inflation and ice and beverage investments. Q2 adjusted EBITDA was ~$193M and adjusted EPS $2.35. Full-year organic growth outlook raised to 6% to 8%.

Markets were mostly higher as investors weighed President Trump’s harder stance toward Iran, reducing expectations for a near-term deal to reopen the Strait of Hormuz. Oil, Treasury yields, and European bonds moved accordingly. US movers included ASML, KLA, Rapid7 (raised EPS forecast), Jabil (UBS upgrade), and Riot Platforms (cloud deal).

Middleby (NASDAQ:MIDD) will report earnings Tuesday before market open. The company previously reported $839.9 million revenue, up 15% year on year, and beat revenue and EBITDA expectations. For the upcoming quarter, analysts expect revenue to fall 37.4% year on year. The average analyst price target is $168 versus $134.68.

Middleby (MIDD) shares fell about 7% after Q2 results beat expectations on revenue ($875.5M) and adjusted EPS ($2.35), but organic revenue growth (6.4%) lagged. The company cut full-year revenue guidance by 26.3% to a $2.51B midpoint and adjusted EPS by 29.2% to $6.81, citing portfolio restructuring and macro headwinds.

Middleby (Q2 2026) completed the separation of residential and food processing businesses, positioning it as a commercial foodservice solutions pure-play. Organic revenue rose 8.3% and full-year organic revenue guidance was raised to 6%-8%. Margins were pressured by mix shift to its ice and beverage platform and inflationary ocean freight and steel costs; management expects sequential margin improvement in Q3-Q4.

Middleby (NASDAQ: MIDD) reported Q2 CY2026 revenue of $875.5 million, down 10.5% year over year but above Wall Street estimates by 43%. Non-GAAP EPS was $2.35, up 12.3% versus consensus. Next-quarter revenue guidance was $630 million, 0.6% below estimates. Shares fell about 3% to $126.40 after the report.

MIDDLEBY Corp (MIDD) filed an SEC Form 8-K — Results of Operations and Financial Condition. 1400 Toastmaster Drive, Elgin, Illinois 60120 (847) 741-3300 www.middleby.com The Middleby Corporation Reports Second Quarter Results • Q2 2026 results exceeded high end of guidance range for revenue and Adjusted EBITDA • Organic sales growth of +8% in Commercial Foodservice • Ra