Whirlpool (WHR) Q3 2026 Earnings
Ongoing EPS excludes a $124 million non-cash impairment of the Whirlpool India equity method investment ($1.89/share), a $54 million trade customer bankruptcy reorganization charge ($0.82/share), $35 million restructuring expense ($0.53/share) and $13 million M&A transaction impacts ($0.20/share); GAAP diluted EPS was $(3.80).
How Did WHR Stock React to Q3 2026 Earnings?
Did WHR Beat Earnings? Q3 2026 Results
No. Whirlpool reported Q3 2026 earnings of $-0.21 a share on Oct 26, 2026, missing the $1.01 consensus estimate by 120.8%. Revenue was $3.7B against a $3.9B estimate.
Whirlpool delivered a deeply disappointing third quarter of 2026, posting adjusted EPS of negative $0.21 against a Wall Street consensus of roughly $1.01, swinging to a loss where analysts had expected a solid profit, while revenue of $3.68 billion fell 8.8% year over year and came in 6.45% below estimates. The headline numbers were compounded by a series of large charges, most notably a $124 million non-cash impairment of its Whirlpool India equity investment and a $54 million charge tied to the bankruptcy reorganization of Latin American trade customer Grupo Casas Bahia, which together drove GAAP diluted EPS to negative $3.80. Ongoing EBIT did improve sequentially to $97 million from $62 million in Q2, reflecting pricing actions and structural cost cuts, but that figure was well below analyst expectations, prompting at least one major bank to reiterate an underperform rating. Management cut its full-year outlook, now guiding for net sales of approximately $14.50 billion and ongoing EPS of roughly negative $1.30, while maintaining free cash flow guidance of about $300 million, with CEO Marc Bitzer acknowledging that the pace of recovery remains slower than expected.
- Price increases and structural cost take-out drove sequential EBIT margin expansion in MDA North America
- MDA North America sales down 8.2% ex-currency on soft industry demand
- Cost inflation in raw materials, fuel and logistics partially offset pricing gains
- MDA Latin America sales up 2.5% ex-currency on volume; margin pressured by mix shifts after the Grupo Casas Bahia bankruptcy reorganization
- SDA Global EBIT margin of 18.6%, supported by product innovation and direct-to-consumer sales
- Deconsolidation of the India business removed $180 million of prior-year quarterly sales
- $124 million impairment of the Whirlpool India equity method investment
- $54 million trade customer bankruptcy reorganization charge
- Restructuring costs of $35 million vs $6 million a year ago
- Interest expense rose to $102 million from $92 million
“Our structural cost take out and pricing realization drove consecutive margin progress through Q3. While the pace of recovery is slower than expected, these actions are setting a clear path for further improvements in 2027.”
Whirlpool CEO, on the earnings call
What Is Whirlpool's Outlook?
Full-year 2026 guidance was updated as follows: - Net sales of about $14.5 billion, an approximate (1.5)% decline vs. 2025 like-for-like net sales of about $14.7 billion. - GAAP net earnings margin of about (2.2)% and ongoing EBIT margin of 2.0–2.2%, supported by pricing actions. - GAAP EPS of about $(4.95) and ongoing EPS of about $(1.30). - GAAP tax rate of about 8% and adjusted tax rate of about 25%. - Operating cash flow of about $700 million, capital expenditures of about $400 million and free cash flow of about $300 million. - Net debt below $4.5 billion at year-end, improved from a prior expectation of under $5 billion. Fourth-quarter 2026 outlook: - Net sales of about $4.0 billion. - Ongoing EBIT of about $89 million (about 2.2% margin). - GAAP EPS of about $(0.83) and ongoing EPS of about $(0.35). Management expects its actions to set a clear path for further improvements in 2027.
WHR YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $3.7B | $4.0B | −8.8% |
| Gross Profit | $473.0M | $590.0M | −19.8% |
| Operating Income | $4.0M | $185.2M | −97.8% |
WHR Revenue by Segment
When Does Whirlpool Report Next?
Figures from SEC filings and company reports. Not investment advice.