WHR NYSE Russell 1000 Earnings call
Whirlpool Corporation (WHR) · Q2 2026 results and valuation
Share price: $30.11 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 4 Aug 2026 and 7 May 2026
Net income turned to a profit from a loss last quarter. Management sounded about as positive as a typical company call, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
Turned profit
Net income vs Q1 2026
Outlook given
Net income 88.0M vs -82.0M
Revenue +7.5%
2 · How management spoke
Typical
More upbeat than 52% of company calls
Answers to analysts: typical, in line with the script.
Similar to last call.
3 · What stood out
Guidance
WHR expects margins to continue improving throughout the remainder of 2026 following sequential margin improvement in Q2.
Valuation
Is Whirlpool Corporation undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
The projected cash flow doesn't cover the debt, so the price is far above the model's fair value.
Current price
$30.11
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+29.4% for 10 yrs
Fair value / share
$-81.09
Buy below
$-60.82
Price vs fair value
n/a
Price vs buy-below price
n/a
Read between the lines
-
Guidance
Of the $150 million target, Whirlpool expects approximately $60 million in savings from its automation initiatives, $15 million from strategic sourcing, and $20 million from its targeted fixed…
-
Figure
Net sales reached $3.5 billion, which was impacted by softer industry demand in North America and promotional intensity.
Source quote
“We delivered net sales of $3.5 billion, which was impacted by softer industry demand in North America and promotional intensity...”
-
Fading
Whirlpool has issued the largest price increase in more than a decade that raised prices by more than 10%.
Source quote
“We have issued the largest price increase in more than a decade that raised prices by more than 10%, and we're... Second, we are taking decisive and bold actions to restore North American margins back to a healthy level. Third, our equity offering and a renewed revolver credit line, which we expect to finalize in Q2, puts our balance...”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“On strategic sourcing, we are deepening our relationships with critical suppliers in creating a win-win opportunity that drives mutual operational growth and margin enhancements.”
“Combined, these actions significantly improved our financial flexibility, cleared our debt maturity runway, and have positioned our business to better participate in growth opportunities.”
“More importantly, we are able to hold our market share, showcasing the success of our robust product innovation.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 3.52B | 3.27B | +7.5% | 3.77B | −6.8% |
| Gross profit | 442.0M | 415.0M | +6.5% | 610.0M | −27.5% |
| Operating income | 163.0M | 18.0M | +805.6% | 204.0M | −20.1% |
| Net income | 88.0M | -82.0M | Turned profit | 65.0M | +35.4% |
| EPS | 1.15 | -1.43 | Turned profit | 1.17 | −1.7% |
| P/E today 9.9 | 13.0 | 18.3 | −5.3 | 12-mo loss | — |
Topics
Most discussed now
- Whirlpool also announced new pricing actions in Latin America effective in August, which, in combination with some of its strategic...
- In line with its strategy of driving premium mix, Whirlpool is incredibly proud of the new KitchenAid Porcelain White suite.
- New What you do when you make these local distribution decisions, you basically on one hand, you want to be close...
- North America, in particular, delivered strong operational progress relative to the first quarter, supported by Whirlpool's second quarter…
- Whirlpool saw sequential EBIT margin improvement of 240 basis points, driven by the strong execution of its previously announced…
Faded since Q1 2026
- Fading Whirlpool's free cash flow was negative $896 million as the benefit from its inventory reduction efforts was more than offset...
- Fading Whirlpool's earnings per share, in particular, was negatively impacted by approximately $0.32 from the noncash loss associated with its…
- Fading The consumer sentiment was already on a very low level by any historical standard, but the war in Iran amplified...
- Fading While Whirlpool experienced high cost from the actions to reduce inventory levels and higher tariff costs year-over-year, these were…
Latest announcements
Official filings, newest first.
- Results of operations · SEC 8-K
- Restructuring costs · SEC 8-K
- Material agreement; Change to shareholder rights; Other events · SEC 8-K
- Material agreement; New financial obligation; Other events · SEC 8-K
- Other events · SEC 8-K
- Other events · SEC 8-K
- Results of operations · SEC 8-K
- Shareholder vote results · SEC 8-K