The magnitude of the EPS miss and the sharp downward revision to full-year guidance signal deeper operational distress than previously anticipated. Watch for further restructuring announcements, potential asset sales, and any updates on the Latin American customer bankruptcy recovery. The net debt improvement to under $4.5B provides some balance sheet cushion, but the core business continues to deteriorate.
Price Chart
Executive Summary
Whirlpool reported Q3 2026 net sales of $3.677B (down 8.8% YoY) and a GAAP diluted EPS of $(3.80), well below the consensus estimate of $1.01. The company also lowered its full-year 2026 guidance, now expecting GAAP EPS of $(4.95) and ongoing EPS of $(1.30), versus prior guidance of $2.45-$2.95 GAAP and $3.00-$3.50 ongoing. The results reflect continued demand weakness, a $124M impairment of its Whirlpool India equity investment, and a $54M charge from a Latin American customer bankruptcy reorganization.
Key Financial Metrics
Key Facts
- Q3 2026 net sales $3.677B, down 8.8% YoY from $4.033B
- GAAP diluted EPS $(3.80) vs consensus $1.01 (a miss of >$4.81)
- Ongoing (non-GAAP) diluted EPS $(0.21) vs consensus $0.78
- Full-year 2026 GAAP EPS guidance lowered to $(4.95) from $2.45-$2.95
- Full-year 2026 ongoing EPS guidance lowered to $(1.30) from $3.00-$3.50
- Full-year 2026 net sales guidance lowered to $14.5B from $15.0B
- Recorded $124M non-cash impairment of equity method investment in Whirlpool India
- Recorded $54M charge related to a Latin American trade customer bankruptcy reorganization
- Net debt expectations improved to under $4.5B by year-end from prior under $5B
- Free cash flow guidance maintained at approximately $300M
Financial Impact
Q3 GAAP net loss of $249M available to common shareholders vs $73M profit in prior year; full-year GAAP EPS guidance cut from $2.45-$2.95 to $(4.95)
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| MDA North America | $2.5B | -8.3% |
| MDA Latin America | $858.0M | +6.9% |
| SDA Global | $286.0M | -0.7% |
Risk Factors
- Continued demand weakness in North America and global markets
- Further impairment charges on equity method investments or goodwill
- Credit rating downgrade risk given deteriorating earnings and high leverage
- Execution risk on price increases and cost take-out initiatives
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000106640-26-000070 |
| Document: whr-20261026.htm | 0000106640-26-000070 |
| Document: 0000106640-26-000070-index-headers.html | 0000106640-26-000070 |
| Document: 0000106640-26-000070-index.html | 0000106640-26-000070 |
| Document: 0000106640-26-000070.txt | 0000106640-26-000070 |
| 8-K Data (Synthetic) | 0000106640-26-000070 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 3 | $24.03 | awaiting T+60 | awaiting T+60 | $27.02 (+12.44%) |
Oct 26, 2026 1d ago | 8-K | $23.99 | awaiting T+60 | awaiting T+60 | $27.02 (−12.63%) |
Oct 20, 2026 7d ago | SC 13G | $26.53 | awaiting T+60 | awaiting T+60 | $27.02 (+1.85%) |
Oct 20, 2026 7d ago | 8-K | $26.53 | awaiting T+60 | awaiting T+60 | $27.02 (+1.85%) |
Jun 18, 2026 18w ago | 8-K | $36.57 $33.03 | ▼ −9.68% | ▼ −11.43% | $27.02 (−26.11%) |
Jun 16, 2026 19w ago | 8-K | $38.64 $35.21 | ▲ +8.88% | ▲ +12.03% | $27.02 (+30.07%) |
Jun 2, 2026 21w ago | 8-K | $35.51 $34.14 | ▼ −3.86% | ▼ −6.36% | $27.02 (−23.91%) |
Jun 1, 2026 21w ago | 8-K | $36.22 $35.21 | ▼ −2.79% | ▼ −4.02% | $27.02 (−25.40%) |
Apr 3, 2026 29w ago | 8-K | $41.61 $35.72 | ▼ −14.16% | ▼ −27.63% | $27.02 (−35.07%) |
Mar 30, 2026 30w ago | Court Ruling | $50.84 $37.86 | ▼ −25.53% | ▼ −41.55% | $27.02 (−46.85%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers