Jun 2026 (Q2 FY26) — Aug 11, 2026
Middleby Q2 FY26 — Strong Organic Growth Post-Transformation, Margin Pressures from Inflation
Read the full callMiddleby (MIDD) earnings
- Jul 2026
- Jun 2026 (Q2 FY26)
- Jan 2026
Middleby earnings: last reported Tue, 11 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 876 | +9.9% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 16.9 | −1.7 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 54.8 | −48.3% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Price
$107.76 −0.02% · −$0.02
Performance +0.4% 1Y
1Y: $107.31 on 17 Oct 2025 → $107.76. High $144.15 (6 Jul 2026), low $89.85 (19 Nov 2025).
- Previous close
- $107.78
- 52-week range
- $89.85 – $144.15
- One year
- −0.41%
Overview
- Symbol
- MIDD
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
Middleby Q1 FY26 — Strong Q1 Results, Raised Guidance, and Spin-off Progress
Read the full callDec 2025 (Q4 FY25) — Feb 26, 2026
The Middleby Corporation Q4 FY25 — Strategic Portfolio Optimization and Strong Capital Returns
Read the full callEvery analysed call
Middleby earnings calls (MIDD)
Financials
What the filings say
Net profit, year on year: −48% (quarter to jul 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 770 | 829 | 731 | 797 | 807 | 866 | 840 | 876 |
| Operating profit | 173 | 170 | 130 | 148 | -554 | 833 | 133 | 148 |
| Operating margin | 22.5% | 20.5% | 17.7% | 18.6% | −68.7% | 96.2% | 15.9% | 16.9% |
| Profit before tax | 155 | 153 | 111 | 127 | -579 | 807 | 113 | 126 |
| Tax rate | 26.2% | 26.6% | 23.5% | 20.0% | 11.4% | 15.5% | 24.5% | 34.2% |
| Net profit | 114 | 112 | 92 | 106 | -513 | 37 | -50 | 55 |
| EPS ($ per share) | 2.12 | 2.09 | 1.72 | 2.01 | -10.15 | 0.74 | -1.06 | 1.21 |
| Line item | Dec 2018 | Dec 2019 | Jan 2021 | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 2,009 | 2,361 | 2,569 | 3,062 | 3,499 | 3,900 | 4,328 | 4,050 |
| Total liabilities | 2,885 | 3,055 | 5,277 | 3,889 | 4,077 | 3,657 | 3,645 | 3,539 |
| Fixed assets | 315 | 352 | 344 | 381 | 444 | 511 | 385 | 432 |
| Total assets | 4,550 | 5,002 | 5,202 | 6,384 | 6,875 | 6,907 | 7,283 | 6,315 |
| Line item | Dec 2018 | Dec 2019 | Jan 2021 | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 369 | 377 | 525 | 423 | 333 | 629 | 687 | 630 |
| Cash from investing | -1,239 | -328 | -107 | -1,009 | -348 | -156 | -159 | -127 |
| Cash from financing | 856 | -25 | -252 | 503 | 8 | -391 | -74 | -971 |
| Net cash flow | -18 | 23 | 174 | -88 | -18 | 85 | 442 | -445 |
| Capital expenditure | -36 | -47 | -35 | -47 | -67 | -59 | -37 | -71 |
| Free cash flow | 333 | 331 | 490 | 377 | 265 | 570 | 650 | 559 |
MIDD revenue by segment
Food Processing Group grew from 18% to 28% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Commercial Foodservice Equipment Group | 64% | 60% | 62% | 59% | 62% | 180% | 73% | 72% | +8.6% |
| Food Processing Group | 18% | 22% | 19% | 22% | 21% | 79% | 27% | 28% | +13.3% |
| Corporate and Other | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2027 · share of revenue
- United States and Canada 64% ↓ 3 pt
- Europe and Middle East 24% ↑ 3 pt
- Asia 7%
- Latin America 5%
As MIDD cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
52 filings between Dec 9, 2025 and Oct 2, 2026.
Open market
decisions to buy or sellPurchases
$15.10M
8 purchases by 2 insiders
Sales
None
No insider sold shares.
Compensation
not trading decisions- 22
- Award — granted as compensation
- 12
- Tax withheld — shares kept back by the company to cover tax
Also filed: 10 conversions.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| GARDEN EDWARD P | $15.00M | — | Dec 15, 2025 |
| Nerbonne Robert A | $100.2K | — | Dec 9, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 2, 2026 | Cerwin Brittany C Chief Accounting Officer | Award | 6,695 | — |
| Oct 2, 2026 | FITZGERALD TIMOTHY JOHN Chief Executive Officer | Award | 21,517 | — |
| Oct 2, 2026 | Spittle Steve Chief Commercial Officer | Award | 9,181 | — |
| Oct 2, 2026 | Pool III James K Chief Technology and* | Award | 9,181 | — |
| Aug 26, 2026 | Palisi Chapin Sarah Director | Award | 558 | — |
| Jul 20, 2026 | EISENBERG GLENN A Director | Conversion | 349 | — |
| Jul 20, 2026 | Shah Tejas P. Director | Conversion | 349 | — |
| Jul 20, 2026 | Cerwin Brittany C Chief Accounting Officer | Conversion | 877 | — |
| Jul 20, 2026 | Pool III James K Chief Technology and* | Conversion | 1,823 | — |
| Jul 20, 2026 | Spittle Steve Chief Commercial Officer | Conversion | 1,823 | — |
| Jul 20, 2026 | Bowerman Julie Director | Conversion | 349 | — |
| Jul 20, 2026 | Scherger Stephen R. Director | Conversion | 349 | — |
| Jul 20, 2026 | Palisi Chapin Sarah Director | Conversion | 349 | — |
| Jul 20, 2026 | Hix Christopher M Director | Conversion | 349 | — |
| Jul 20, 2026 | FITZGERALD TIMOTHY JOHN Chief Executive Officer | Award | 4,455 | — |
| Jul 20, 2026 | OBRIEN GORDON Director | Conversion | 349 | — |
| Mar 13, 2026 | Mittelman Bryan E. Chief Financial Officer | Award | 3,012 | — |
| Mar 13, 2026 | FITZGERALD TIMOTHY JOHN Chief Executive Officer | Tax withheld | 4,688 | $670.8K |
| Mar 13, 2026 | Pool III James K Chief Technology and* | Award | 4,130 | — |
| Mar 13, 2026 | Pool III James K Chief Technology and* | Tax withheld | 1,626 | $232.6K |
| Mar 13, 2026 | Cerwin Brittany C Chief Accounting Officer | Award | 1,807 | — |
| Mar 13, 2026 | Cerwin Brittany C Chief Accounting Officer | Tax withheld | 801 | $114.6K |
| Mar 13, 2026 | Fuchsen Matthew R Chief Development Officer | Award | 2,345 | — |
| Mar 13, 2026 | Fuchsen Matthew R Chief Development Officer | Tax withheld | 688 | $98.4K |
| Mar 13, 2026 | FITZGERALD TIMOTHY JOHN Chief Executive Officer | Award | 10,579 | — |
| Mar 13, 2026 | Spittle Steve Chief Commercial Officer | Tax withheld | 1,626 | $232.6K |
| Mar 13, 2026 | Spittle Steve Chief Commercial Officer | Award | 4,130 | — |
| Mar 13, 2026 | Mittelman Bryan E. Chief Financial Officer | Tax withheld | 1,335 | $191.0K |
| Mar 6, 2026 | GARDEN EDWARD P Director | Award | 1,161 | — |
| Mar 6, 2026 | Scherger Stephen R. Director | Award | 1,161 | — |
| Mar 6, 2026 | Bowerman Julie Director | Award | 1,161 | — |
| Mar 6, 2026 | Shah Tejas P. Director | Award | 1,161 | — |
| Mar 6, 2026 | Nerbonne Robert A Director | Award | 1,161 | — |
| Mar 6, 2026 | Palisi Chapin Sarah Director | Award | 1,161 | — |
| Mar 6, 2026 | Hix Christopher M Director | Award | 1,161 | — |
| Mar 6, 2026 | OBRIEN GORDON Director | Award | 1,161 | — |
| Mar 6, 2026 | EISENBERG GLENN A Director | Award | 1,161 | — |
| Mar 6, 2026 | McCarthy Cathy L Director | Award | 1,161 | — |
| Mar 1, 2026 | Spittle Steve Chief Commercial Officer | Tax withheld | 2,344 | $395.8K |
| Mar 1, 2026 | Pool III James K Chief Technology and* | Tax withheld | 2,344 | $395.8K |
| Mar 1, 2026 | Cerwin Brittany C Chief Accounting Officer | Tax withheld | 1,256 | $212.1K |
| Mar 1, 2026 | Fuchsen Matthew R Chief Development Officer | Tax withheld | 990 | $167.2K |
| Mar 1, 2026 | FITZGERALD TIMOTHY JOHN Chief Executive Officer | Tax withheld | 6,486 | $1.10M |
| Mar 1, 2026 | Mittelman Bryan E. Chief Financial Officer | Tax withheld | 1,933 | $326.4K |
| Dec 15, 2025 | GARDEN EDWARD P Director | Purchase | 14,740 | $2.17M |
| Dec 12, 2025 | GARDEN EDWARD P Director | Purchase | 28,089 | $4.11M |
| Dec 12, 2025 | GARDEN EDWARD P Director | Purchase | 15,749 | $2.31M |
| Dec 11, 2025 | GARDEN EDWARD P Director | Purchase | 24,732 | $3.57M |
| Dec 11, 2025 | GARDEN EDWARD P Director | Purchase | 10,138 | $1.46M |
| Dec 11, 2025 | GARDEN EDWARD P Director | Purchase | 8,109 | $1.18M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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