Middleby (NASDAQ:MIDD) Updates Q3 2026 Earnings Guidance

Posted by Geri Gentry on Aug 11th, 2026

Middleby (NASDAQ:MIDD – Get Free Report) updated its third quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.670-1.830 for the period, compared to the consensus earnings per share estimate of 1.950. The company issued revenue guidance of $620.0 million-$640.0 million, compared to the consensus revenue estimate of $696.6 million. Middleby also updated its FY 2026 guidance to 6.730-6.890 EPS.

Middleby Stock Performance

Shares of NASDAQ MIDD opened at $130.30 on Tuesday. The company has a market capitalization of $5.89 billion, a P/E ratio of -15.37 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The business’s 50-day moving average price is $149.83 and its two-hundred day moving average price is $148.95. Middleby has a one year low of $110.82 and a one year high of $180.13.

Middleby (NASDAQ:MIDD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.09 by $0.26. The company had revenue of $875.55 million for the quarter, compared to the consensus estimate of $836.99 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Analysts anticipate that Middleby will post 9.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MIDD shares. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a research report on Wednesday, July 29th. Barclays set a $155.00 target price on shares of Middleby and gave the company an “overweight” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. lowered their price target on shares of Middleby from $185.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Finally, KeyCorp set a $152.00 price target on shares of Middleby in a research note on Tuesday, July 14th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.50.

Get Our Latest Research Report on Middleby

Key Middleby News

Here are the key news stories impacting Middleby this week:

Positive Sentiment: Middleby reported second-quarter revenue of approximately $875.5 million, up 9.9% year over year and above the $837.0 million consensus estimate. Reported EPS of $2.35 also exceeded expectations of $2.09. The Middleby Corporation Reports Second Quarter Results
Positive Sentiment: Commercial Foodservice sales reached $630.6 million, with organic growth of 8.3%. The company also repurchased 1.4 million shares during the quarter and 3.8 million shares year to date, supporting per-share value.
Positive Sentiment: Management said results exceeded the high end of its revenue and adjusted EBITDA outlook. The completed separation of the Food Processing business into independent company Midera marks a major strategic milestone and should allow Middleby to focus on its core commercial foodservice operations.
Neutral Sentiment: Analysts cited a consensus price target of $169.50, substantially above the stock’s recent trading level, although price targets may be revised following the weaker outlook. Middleby Receives Consensus Price Target
Negative Sentiment: Third-quarter 2026 guidance calls for EPS of $1.67-$1.83 and revenue of $620 million-$640 million, below analyst estimates of $1.95 EPS and $696.6 million revenue.
Negative Sentiment: Full-year 2026 guidance of $6.73-$6.89 EPS and approximately $2.48-$2.53 billion in revenue is also below consensus expectations of $8.48 EPS and $2.9 billion revenue. This outlook reset is the primary reason the stock is declining despite the quarterly beat.
Negative Sentiment: Continuing-operations net earnings and GAAP EPS were lower than the prior-year period, while the company reported a negative net margin, highlighting ongoing profitability concerns after the business separation.

Institutional Investors Weigh In On Middleby

Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Middleby by 49.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock valued at $858,161,000 after buying an additional 1,902,957 shares during the period. JPMorgan Chase & Co. raised its stake in Middleby by 3.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company’s stock worth $320,112,000 after buying an additional 75,047 shares during the period. Dimensional Fund Advisors LP raised its stake in Middleby by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,486,120 shares of the industrial products company’s stock worth $220,950,000 after buying an additional 58,696 shares during the period. Turtle Creek Asset Management Inc. lifted its holdings in Middleby by 4.2% during the third quarter. Turtle Creek Asset Management Inc. now owns 1,461,810 shares of the industrial products company’s stock worth $194,318,000 after acquiring an additional 59,050 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Middleby by 40.6% during the fourth quarter. Invesco Ltd. now owns 1,432,021 shares of the industrial products company’s stock worth $212,899,000 after acquiring an additional 413,485 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Company Profile

(Get Free Report)

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.