MILLERKNOLL, INC. (MLKN) FY2026 10-K Annual Report
MILLERKNOLL, INC. (MLKN) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Jul 20, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
MILLERKNOLL, INC. FY2026 10-K Analysis
Business Overview
- • Core business: Research, design, manufacture, and distribution of interior furnishings globally for residential, office, healthcare, educational markets
- • New emphasis on sustainability and increased costs from environmental regulation compliance in 2026 year
- • Strategic focus on integrating customer-centered technologies and proprietary tools to enhance customer operations and competitiveness
- • Employee count approximately 10,544 with about 2% covered by collective bargaining agreements across UK, Italy, Brazil
- • Backlog of unfilled orders declined to $678.8 million in fiscal 2026 from $761.3 million in 2025, expected to fill next fiscal year
Management Discussion & Analysis
- • Revenue $3.84B, up 4.7% YoY; organic growth 3.6% driven by pricing, volume, and favorable FX
- • Operating margin 5.2% vs 1.4%; operating earnings $198.3M vs $50.5M; gross margin stable at 38.8%
- • Best: North America Contract $2.06B sales (+4.9%), margin 9.0% vs 6.2%; worst: International Contract $674M sales (+2.1%), margin 8.1% vs 9.6%
- • Operating cash flow $199.9M; capex $122.3M; share buybacks $16.3M; dividends $0.75/share unchanged
- • Management highlights growth focus on retail expansion and showroom enhancements; key risks include global economic instability, tariffs, supply chain, and geopolitical conflicts
Risk Factors
- • Tariff refund uncertainty under International Emergency Economic Powers Act (IEEPA), legal proceedings ongoing, final refund amount and timing unclear
- • Geopolitical instability (Middle East, Russia-Ukraine) risks indirect supply chain disruption, increased costs, and foreign currency volatility
- • Supply chain vulnerable to tariff-driven cost increases on steel, plastic, aluminum, particleboard; gross margin impacted in H1 fiscal 2026
- • Competitive threat from AI and agentic commerce technologies altering customer expectations and sales channels, risks to margins and relationships
- • Indebtedness $1.26 billion with restrictive covenants could limit financial flexibility and trigger accelerated repayments if breached
MILLERKNOLL, INC. FY2026 Key Financial MetricsXBRL
Revenue
$3.8B
▲ +4.7% YoY
Net Income
$92M
▲ +348.0% YoY
Gross Margin
38.8%
▼ -1bp YoY
Operating Margin
5.2%
▲ +379bp YoY
Net Margin
2.4%
▲ +339bp YoY
ROE
6.8%
▲ +971bp YoY
Total Assets
$4.0B
▲ +1.3% YoY
EPS (Diluted)
$1.32
▲ +344.4% YoY
Operating Cash Flow
$200M
▼ -4.5% YoY
Source: XBRL data from MILLERKNOLL, INC. FY2026 10-K filing on SEC EDGAR. All figures in USD.
Other MILLERKNOLL, INC. Annual Reports
Get deeper insights on MILLERKNOLL, INC.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.