Whirlpool (WHR) Q2 2026 Earnings
How Did WHR Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +0.24%.
Did WHR Beat Earnings? Q2 2026 Results
No. Whirlpool reported Q2 2026 earnings of $-0.21 a share on Aug 3, 2026, missing the $0.05 consensus estimate by 536.6%. Revenue was $3.5B against a $3.6B estimate.
Whirlpool Corporation delivered a bruising second quarter for fiscal 2026, posting ongoing (non-GAAP) earnings per diluted share of negative $0.21, a stark miss against the $0.05 consensus estimate and representing a 536.59% shortfall, as elevated interest expense following a sweeping capital structure overhaul weighed heavily on profitability. Revenue of $3.52 billion declined 6.8% year-over-year and came in 0.95% below expectations, though on an organic basis, excluding the company's India divestiture and currency effects, the top-line erosion was a more modest 1.7%. The primary culprit behind the earnings deterioration was a surge in interest costs tied to Whirlpool's issuance of $2.00 billion in secured bonds and a new $2.00 billion asset-based lending facility, moves designed to clear debt maturities through 2028 but now expected to drive full-year interest expense to approximately $350.00 million. The company's shares had been priced for significant volatility heading into the report, with options markets flagging a potential 11% swing. Looking ahead, Whirlpool maintained its full-year net sales outlook of approximately $15.00 billion and ongoing EBIT margin of approximately 4.0%, while updating ongoing EPS guidance to a range of $2.50 to $3.00.
- Successful execution of previously announced pricing actions in North America, the largest price increase in over a decade
- Sequential margin expansion of 240 bps in MDA North America from Q1 to Q2
- Structural cost take-out program targeting over $150 million or 100 basis points of margin expansion
- Volume decline due to industry decline pressuring year-over-year performance
- Unfavorable impact of tariffs, raw material inflation, and fuel costs
- Higher interest expense from capital structure overhaul
- Unfavorable price/mix in Brazil impacting MDA Latin America margins
“We are encouraged by the sequential margin expansion achieved in Q2, driven by price increase execution, progress with our cost take-out program and key product innovation. These decisive actions position our business for sustained performance improvement.”
Whirlpool CEO, on the earnings call
What Was Whirlpool's Outlook in Q2 2026?
Whirlpool maintained its full-year 2026 operational outlook: net sales of approximately $15.0 billion (approximately 1.5% growth vs. 2025 like-for-like net sales of approximately $14.7 billion), ongoing EBIT margin of approximately 4.0%, and structural cost takeout exceeding $150 million (100 basis points of margin expansion). EPS guidance was updated to reflect new interest expense expectations, with GAAP EPS of $2.25 to $2.75 and ongoing EPS of $2.50 to $3.00. Cash flow outlook includes cash provided by operating activities of approximately $700 million and free cash flow of over $300 million, with net debt targeted below $5.0 billion at year end. The company expects a GAAP tax rate of approximately 20% and adjusted tax rate of 25%. Full-year interest expense is expected at approximately $350 million.
WHR YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $3.5B | $3.8B | −6.8% |
| Gross Profit | $442.0M | $604.0M | −26.8% |
| Operating Income | $163.0M | $207.0M | −21.3% |
| Net Income | $75.0M | $65.0M | +15.4% |
WHR Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.