Mohawk Industries (NYSE:MHK) Issues Earnings Results

Posted by Francis Steltz on Jul 31st, 2026

Mohawk Industries (NYSE:MHK – Get Free Report) posted its earnings results on Thursday. The company reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $1.09, FiscalAI reports. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.79 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.77 earnings per share. Mohawk Industries updated its Q3 2026 guidance to 2.380-2.480 EPS.

Mohawk Industries Trading Up 5.4%

MHK opened at $119.47 on Friday. The business has a fifty day moving average price of $110.85 and a 200 day moving average price of $111.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. Mohawk Industries has a 12 month low of $92.99 and a 12 month high of $143.13. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 2.81 and a beta of 1.18.

Insider Activity

In related news, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total value of $1,875,302.00. Following the sale, the insider owned 14,132 shares of the company’s stock, valued at $1,596,492.04. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of Mohawk Industries stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total transaction of $527,650.00. Following the completion of the transaction, the chief executive officer owned 25,000 shares of the company’s stock, valued at $2,638,250. This represents a 16.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,186 shares of company stock valued at $4,460,321 in the last quarter. Company insiders own 17.90% of the company’s stock.

Institutional Investors Weigh In On Mohawk Industries

A number of hedge funds and other institutional investors have recently modified their holdings of MHK. AQR Capital Management LLC boosted its position in shares of Mohawk Industries by 73.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after acquiring an additional 670,601 shares in the last quarter. Steadfast Capital Management LP raised its position in shares of Mohawk Industries by 96.3% during the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after acquiring an additional 459,700 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in Mohawk Industries during the third quarter worth approximately $36,076,000. Gendell Jeffrey L lifted its stake in Mohawk Industries by 136.3% during the fourth quarter. Gendell Jeffrey L now owns 445,669 shares of the company’s stock worth $48,712,000 after purchasing an additional 257,100 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Mohawk Industries by 113.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 481,265 shares of the company’s stock valued at $52,602,000 after purchasing an additional 256,051 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on MHK. Wells Fargo & Company decreased their target price on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Evercore set a $110.00 price objective on shares of Mohawk Industries in a report on Monday, May 4th. Barclays lifted their target price on shares of Mohawk Industries from $96.00 to $109.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 price target on Mohawk Industries in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mohawk Industries has an average rating of “Hold” and an average price target of $124.42.

Get Our Latest Report on Mohawk Industries

Key Headlines Impacting Mohawk Industries

Here are the key news stories impacting Mohawk Industries this week:

Positive Sentiment: Q2 earnings and revenue surpassed estimates. Mohawk reported adjusted EPS of $3.67, well above the $2.57–$2.58 analyst consensus and up from $2.77 a year earlier. Revenue reached approximately $2.99 billion, compared with expectations of $2.79 billion, while sales increased 6.8% year over year. Mohawk Industries Q2 Earnings and Revenues Surpass Estimates
Positive Sentiment: Profitability improved significantly. GAAP net earnings were $196 million, versus $147 million in the prior-year quarter, while adjusted net earnings rose to $223 million from $173 million. The company’s 6.8% sales growth and substantially better adjusted EPS provide support for the stock’s positive reaction. Mohawk Industries Reports Q2 2026 Results
Positive Sentiment: Third-quarter guidance was slightly better than consensus at the midpoint. Mohawk forecast adjusted EPS of $2.38 to $2.48, with a midpoint of $2.43 versus the $2.40 analyst estimate. The range indicates continued earnings resilience, although it does not represent a major upward revision. Mohawk Industries Reports Q2 2026 Results
Neutral Sentiment: Valuation may offer recovery potential. A Seeking Alpha analysis argues that value is embedded in MHK during the current downcycle, implying upside if housing, remodeling, and broader flooring demand recover. The thesis remains dependent on a cyclical improvement rather than a near-term structural change. Mohawk Industries: Value Hiding In A Downcycle
Negative Sentiment: Downcycle risks remain. The investment case still faces exposure to housing activity, renovation demand, construction conditions, and margin pressure. At roughly $119.47, MHK trades above its 50-day and 200-day moving averages, which may increase expectations for sustained execution following the earnings beat.

Mohawk Industries Company Profile

(Get Free Report)

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.

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Earnings History for Mohawk Industries (NYSE:MHK)

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