Mohawk Industries Exceeds Expectations in Q2 2026
Mohawk Industries reported $3.0 billion in net sales for the second quarter of 2026, surpassing company expectations. Performance improved year-over-year driven by volume growth, pricing, and product mix.
Calhoun, Ga. – Mohawk Industries announced second quarter 2026 results that exceeded its own expectations, with net sales reaching $3.0 billion. The company reported a net earnings of $196 million, or $3.22 per diluted share. Adjusted net earnings were $223 million, with adjusted diluted earnings per share at $3.67.
Chairman and CEO Jeff Lorberbaum stated that the quarter's results significantly outpaced expectations due to volume growth, pricing, and product mix. For the six-month period ending July 4, 2026, net sales increased by 7.4% to $5.7 billion compared to the prior year. The reported Q2 EPS included a benefit of approximately $0.63 from tariff refunds, which were not included in previous guidance.
Despite a soft residential market, Mohawk reported outperforming its markets and gaining share in most regions. The commercial sector continued to perform strongly, enhancing margins through differentiated offerings. The company also continued its share repurchase program, buying back over 600,000 shares for approximately $60 million during the quarter.
Segment results showed net sales increases in the Global Ceramic Segment (up 7.9% as reported), Flooring North America Segment (up 3.1% as reported), and Flooring Rest of the World Segment (up 9.7% as reported). The company is also implementing new cost-saving projects expected to reduce costs by approximately $60 million by the end of 2027.