Q1 26 EPS
$-0.56
MISS 218.52%
Est. $0.47
Q1 26 Revenue
$3.27B
MISS 4.85%
Est. $3.44B
Did WHR Beat Earnings? Q1 2026 Results
Whirlpool Corporation delivered a deeply bruising first quarter of 2026, posting an ongoing loss of $0.56 per share as what management called "recession-level industry decline" swept through the U.S. Appliance market amid collapsing consumer confiden… Read more Whirlpool Corporation delivered a deeply bruising first quarter of 2026, posting an ongoing loss of $0.56 per share as what management called "recession-level industry decline" swept through the U.S. Appliance market amid collapsing consumer confidence. Revenue fell 9.6% year-over-year to $3.27 billion, while the company swung to a GAAP net loss of $85.00 million compared to net earnings of $71.00 million in the prior-year period. The North America segment bore the heaviest toll, with EBIT cratering 96% to just $6.00 million on a 7.5% drop in segment sales to $2.24 billion, as volume declines and pricing disruptions overwhelmed results. In response, Whirlpool announced its largest price increase in over a decade and completed a recapitalization generating more than $1.00 billion in proceeds to fund over $900.00 million in planned debt reduction. Looking ahead, management guided for full-year net sales of approximately $15.00 billion and ongoing EPS of $3.00 to $3.50, banking on structural cost savings and favorable tariff dynamics to stabilize margins.
Key Takeaways
- • Recession-level U.S. industry decline due to collapsing consumer confidence amid war in Iran
- • Supreme Court IEEPA ruling and anticipated refunds disrupted industry pricing
- • Unfavorable price/mix and lower volume in MDA North America
- • Higher costs incurred to reduce inventory levels
- • SDA Global growth driven by direct-to-consumer business and new product launches
- • Favorable Brazil tax ruling supporting MDA Latin America
- • Section 232 tariff changes favoring domestic manufacturers
WHR Forward Guidance & Outlook
For full-year 2026, Whirlpool expects net sales of approximately $15.0 billion (approximately 1.5% growth vs. 2025 like-for-like net sales of approximately $14.7 billion). The company guides for ongoing EBIT margin of approximately 4.0%, driven by the largest price increase in over a decade. Structural cost takeout is expected to deliver over $150 million or 100 basis points of margin expansion. GAAP EPS is guided at $2.45 to $2.95 and ongoing EPS at $3.00 to $3.50. Cash provided by operating activities is expected to be approximately $700 million with free cash flow of over $300 million. The company plans debt reduction of over $900 million and has suspended its common dividend to prioritize deleveraging. The transition to an approximately $2.25 billion asset-based revolving credit facility is expected to close in Q2 2026. The GAAP and adjusted tax rate is expected to be approximately 25%.
WHR YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
WHR Revenue by Segment
With YoY comparisons, source: SEC Filings
“We acted decisively to address pricing and costs in the face of rapid deterioration in macroeconomic conditions. Now, with Section 232 changes in favor of domestic manufacturers, Whirlpool Corporation is structurally positioned to win with our American-made products.”
— Marc Bitzer, Q1 2026 Earnings Press Release
WHR Earnings Trends
WHR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WHR EPS Trend
Earnings per share: estimate vs actual
WHR Revenue Trend
Quarterly revenue: estimate vs actual
WHR Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.47 | $-0.56 | -218.52% | $3.27B | -4.85% |
| Q4 25 MISS FY | $1.52 | $1.10 | -27.63% | $4.10B | -3.99% |
| FY Full Year | $6.66 | $6.23 | -6.51% | $15.52B | -1.03% |
| Q3 25 BEAT | $1.39 | $2.09 | +50.29% | $4.03B | +2.74% |
| Q2 25 MISS | $1.74 | $1.17 | -32.78% | $3.77B | -2.82% |
| Q1 25 BEAT | $1.67 | $1.70 | +2.00% | $3.62B | -1.25% |