- Net sales · Q3 20263,677 $m -8.8% vs Q3 2025 ($4,033m)
- GAAP diluted EPS · Q3 2026-3.80 $ $1.29 in Q3 2025
- Ongoing diluted EPS (non-GAAP) · Q3 2026-0.21 $ $2.09 in Q3 2025
- Ongoing EBIT (non-GAAP) · Q3 202697 $m -46.1% vs Q3 2025 ($180m)
- 2026 ongoing diluted EPS outlook (non-GAAP) · Outlook issued 26 October 2026about -1.30 $ Was $2.50-$3.00 (3 August)
- 2026 year-end net debt outlook · Outlook issued 26 October 2026below 4.5 $bn Was below $5.0bn (3 August)
In its third-quarter release on 26 October 2026, the appliance maker said it now expects full-year ongoing (non-GAAP) earnings per diluted share of about minus $1.30 and GAAP EPS of about minus $4.95. Expected 2026 net sales are now about $14.5bn, down from about $15.0bn, and the ongoing EBIT margin (non-GAAP) is seen at 2.0%-2.2%, against about 4.0% in August. Whirlpool says pricing actions support that margin outlook.
| Items | Outlook issued 3 August 2026 | Outlook issued 26 October 2026 |
|---|---|---|
| 2026 ongoing diluted EPS (non-GAAP) | $2.50 to $3.00 | about -$1.30 |
| 2026 GAAP diluted EPS | $2.25 to $2.75 | about -$4.95 |
| 2026 net sales | about $15.0bn | about $14.5bn |
| 2026 free cash flow (non-GAAP) | more than $300m | about $300m |
In the third quarter, net sales fell 8.8% to $3,677m from $4,033m a year earlier. Organic net sales (non-GAAP), which exclude currency effects and $180m of India sales in the prior-year quarter, fell 5.4% to $3,643m. The GAAP net loss available to common shareholders was $249m, or $3.80 per diluted share, against a profit of $73m, or $1.29, in the third quarter of 2025. Ongoing EBIT (non-GAAP) dropped 46.1% to $97m, for a margin of 2.6% against 4.5%, and ongoing EPS (non-GAAP) was a loss of $0.21, compared with earnings of $2.09.
Q3 2026: from GAAP to ongoing (non-GAAP) EPS (adjustments pre-tax; tax effects shown as separate steps)
- GAAP diluted EPS$-3.80 per diluted share
- Whirlpool India equity investment impairment+$1.89 per diluted share
- Latin America trade customer bankruptcy charge+$0.82 per diluted share
- Restructuring+$0.53 per diluted share
- Impact of M&A transactions+$0.20 per diluted share
- Income tax impact−$0.39 per diluted share
- Normalized tax rate adjustment+$0.54 per diluted share
- Ongoing diluted EPS (non-GAAP)$-0.21 per diluted share
Source: Whirlpool Q3 2026 release, Form 8-K Exhibit 99.1, 26 October 2026, Q3 2026.
The largest adjustment was a non-cash $124m impairment of Whirlpool's equity-method stake in Whirlpool India, which the company says followed a prolonged fall in that company's stock-market value. A $54m charge relates to the bankruptcy reorganisation of a significant Latin American trade customer: $46m of credit losses after expected credit-insurance recoveries, plus $8m of other direct costs. Restructuring cost $35m. By segment, MDA North America net sales fell 8.3% to $2,495m, a decline Whirlpool puts down to soft industry demand. Its EBIT fell to $74m from $134m, though the company reports a sequential margin improvement from price increases and structural cost cuts.
“Our structural cost take out and pricing realization drove consecutive margin progress through Q3. While the pace of recovery is slower than expected, these actions are setting a clear path for further improvements in 2027.”
MDA Latin America grew net sales 6.9% to $858m, but its EBIT fell 61.3% to $18m; Whirlpool says mix shifts after Grupo Casas Bahia's bankruptcy reorganisation pressured the margin.
Over the first nine months of 2026, free cash flow (non-GAAP) was an outflow of $1,081m, against an outflow of $907m a year earlier. For the full year Whirlpool still sees operating cash flow of about $700m, as it did in August, while it now expects free cash flow (non-GAAP) of about $300m, against more than $300m then. It now expects net debt below $4.5bn at the end of 2026, against below $5.0bn in the August outlook. Chief financial officer Roxanne Warner said the company has kept a clear debt maturity ladder until 2028. Whirlpool has announced a 7% price increase in North America effective in the fourth quarter and increases of up to 10% across Latin America.
- Whirlpool Corporation, third-quarter 2026 results release (PR Newswire), 26 Oct 2026, 21:05 CET
- Whirlpool Corporation, third-quarter 2026 results release and financial statements (Form 8-K, Exhibit 99.1, SEC EDGAR), 26 Oct 2026, 21:09 CET
- Whirlpool Corporation, Form 8-K, Item 2.02 (SEC EDGAR filing index), 26 Oct 2026, 21:09 CET
- Whirlpool Corporation, second-quarter 2026 results release with prior 2026 outlook (Form 8-K, Exhibit 99.1, SEC EDGAR), 3 Aug 2026, 22:15 CEST