EarningsQ2 2026 Earnings Report
DE:HO9 Q2 2026 EPS Results
Actual EPS€1.13
Consensus EPS€0.93
Beat/MissBeat by +€0.21
One Year Ago EPS€0.99
DE:HO9 Q2 2026 Revenue Results
Actual Revenue€1.31B
Expected Revenue€1.32B
Beat/MissMissed by -€4.23M
YoY Revenue Growth+120.72%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
DE:HO9 Upcoming Earnings
HNI's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:HO9 Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a clear and improving operational picture: organic demand indicators and orders strengthened (especially in Workplace), margins expanded materially, acquisition integration is progressing with growing synergy visibility, and management raised confidence in full-year and multi-year double-digit EPS growth. Offsetting risks include continued residential/new-construction softness, early-year volume impacts from geopolitical factors, and elevated post-acquisition leverage. Overall, the positive drivers (revenue lift from Steelcase, margin expansion, orders/backlog improvement, synergy upside, and cash flow deleveraging) materially outweigh the identified challenges.Company Guidance
Non-GAAP EPS Growth
Non-GAAP diluted EPS of $1.27 in Q2 2026, up 14% year-over-year and ahead of internal expectations.
Revenue Expansion Driven by Acquisition
Total net sales increased 121% overall in Q2 (largely reflecting the Steelcase acquisition); organic net sales were up slightly year-over-year.
Workplace Demand and Orders Improvement
Legacy Workplace organic orders increased 5% in Q2 and backlog ended the quarter 5% higher year-over-year; recent 5-week order acceleration exceeded the quarter average and preorder funnel (RFPs, bid quotes, design requests) showed strong activity.
Strong Segment Margin Performance
Segment operating margin expanded 470 basis points year-over-year to 20.4% in Q2, supported by price/cost actions, productivity and operational benefits.
Positive Guidance for Earnings
Company now expects full-year 2026 non-GAAP EPS growth of 20% to 25% (from 2025 full-year $3.46) and projects Q3 non-GAAP EPS growth in the mid- to high-20% range year-over-year; management anticipates double-digit EPS growth again in 2027.
Steelcase Integration and Synergy Upside
Integration of Steelcase progressing well; management expects Steelcase to be modestly accretive for the full year. Synergies are expected to reach at least $120 million when fully mature, with bottom-up project lists exceeding that figure and potential to increase; cumulative savings expected to exceed $70 million in 2027 and more than $150 million when fully mature (company cited both $120M and higher targets as confidence grows).
Tariff-Related Benefit in Q2 and Margin Tailwinds
Net tariff impact produced approximately $0.25 of EPS benefit in Q2 and about a 150 basis point operating margin improvement in the quarter; management expects about a 40 basis point tariff benefit for the full year.
Balance Sheet and Cash Flow Improvement
Free cash flow used to reduce net debt by approximately $100 million during the quarter; leverage decreased to 2.4x (from 2.5x prior quarter) and is expected to return to pre-Steelcase levels within 18–24 months of the Dec 2025 closing.
DE:HO9 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed