MillerKnoll Q2 Review: Signs Of A Turnaround Are Here (Rating Upgrade)
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Gytis Zizys3.73K FollowersFollow5ShareSavePlay(10min)CommentsSummaryMillerKnoll, Inc. is upgraded to a Buy as 2026 is poised for a turnaround, driven by rising demand and operational improvements.MLKN's Q2 ’26 results showed sequential order growth, margin improvement, and guidance well above consensus, with shares rallying over 36% in the past month.Management expects sustained mid-single-digit growth, margin expansion, and leverage reduction, supported by increased store openings and strong contract demand.A conservative intrinsic value estimate of $25/share implies 37% upside for MLKN, underpinned by improving macro trends and sector momentum. Klaus Vedfelt/DigitalVision via Getty Images Introduction MillerKnoll, Inc. (MLKN) recently reported its fiscal Q2 ’26 earnings, which showed us a glimpse of some sort of a turnaround. This led me to change my rating from a Hold toThis article was written byGytis Zizys3.73K FollowersFollowMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MLKN over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.