Pulling SEC filings + quote and writing the call…
MIDD
MIDDLEBY Corp
Next earnings Aug 4, 2026 (before open) · consensus $2.37 EPS, $854M rev
Last earnings +11.0% on 2026-05-07
$172.26
▲ +4.55%$172.26▲ +19.62%
over 1Y
L $111.68EODHDH $172.26
Earnings Dividend Split Congress buy Congress sellFilings colored by tone · hover for detail
Today+4.5%
1W+9.1%
1M+21.7%
3M+23.0%
YTD+14.3%
1Y+19.6%
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 16 analysts
Buy
Headline net loss masks healthy 18% operating margins and $630M cash flow; a residential sale and Food Processing spin-off are reshaping MIDD — hold through the breakup.
Middleby's FY2026 headline looks alarming — a $278M net loss and -$5.32 diluted EPS — but the operating business is far healthier than that figure implies. Revenue was roughly flat at $3.20B (+1.6%), gross margin held at 39.1%, operating income was $575M for an 18.0% operating margin, and the company still generated $630M of operating cash flow. The net loss is tied to the portfolio overhaul, not operating collapse: on December 4, 2025 Middleby agreed to sell a 51% stake in its Residential Kitchen Equipment Group at a valuation of $885 million (closed February 2, 2026), receiving ~$565 million net cash plus a $135 million promissory note and retaining a 49% interest, with that business now in discontinued operations. Prior years were solidly profitable ($428M in FY2024, $401M in FY2023), underscoring that the loss is transitional rather than structural.
Sources: SEC EDGAR (CIK 0000769520, latest 10-Q filed 2026-05-14) · EODHD · analysis by claude-code · as of 6/21/2026, 8:47:28 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.