HNI Corporation (HNI) Earnings: Q3 Fiscal 2026 Results

The quarter ended October 3, 2026 and HNI Corporation published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. HNI Corporation reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• HNI acquired Steelcase on December 10, 2025, so the year-ago quarter has no Steelcase sales. Steelcase and a dealer HNI bought in Q3 2026 added $870.6 million to net sales; organic net sales grew 5.6%.
• HNI's fiscal quarters end on a Saturday. Q3 fiscal 2026 ended October 3, 2026, and fiscal 2025 had an extra week in its fourth quarter, which HNI says will be about a three-point headwind to Q4 2026 sales growth.

Source: HNI Q3 fiscal 2026 results, November 3, 2026. Also in the Form 10-Q for the quarter ended October 3, 2026. Figures as reported; checked against the release on November 10, 2026.

How HNI Corporation splits revenue in its own release, under its own labels, for Q3 fiscal 2026 against Q3 fiscal 2025. Indented lines are parts of the line above them.

• HNI Corporation's Workplace Furnishings revenue was $1.4 billion in Q3 fiscal 2026, up 174% from $517 million in Q3 fiscal 2025, 89% of total revenue.
• HNI Corporation's Residential Building Products revenue was $175 million in Q3 fiscal 2026, up 5% from $167 million in Q3 fiscal 2025, 11% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 fiscal 2026 release, HNI Corporation said:

“The Corporation expects fourth quarter 2026 net sales in legacy Workplace Furnishings to increase at a low-single-digit rate year-over-year, including the negative impact of an extra week in 2025.”

“In Residential Building Products, fourth quarter 2026 net sales are expected to be roughly unchanged versus the same period in 2025, including the negative impact of an extra week in 2025.”

“Non-GAAP diluted earnings per share for the fourth quarter of 2026 are expected to increase at a rate in the mid-20 percent range from fourth quarter 2025 levels.”

“Non-GAAP diluted EPS growth of 20-25 percent expected in 2026”

Source: HNI Q3 fiscal 2026 release, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the HNI forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Net sales and GAAP diluted EPS, each as first reported in that quarter's release. Q4 fiscal 2025 had an extra week and a partial-month stub period of Steelcase results, and its GAAP loss included all of the Steelcase acquisition-related expenses. Q1 fiscal 2026 non-GAAP diluted EPS was $0.34 against the GAAP loss of $0.55.

We do not hold a confirmed date for HNI Corporation's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 fiscal 2026 (this page), reported Nov 3, 2026

HNI Corporation's net sales more than doubled, up 133% to $1,592.9 million in Q3 fiscal 2026, because it bought Steelcase in December 2025. Steelcase and a dealer acquisition contributed $870.6 million. Excluding them, organic net sales rose 5.6% to $722.3 million. (HNI Q3 fiscal 2026 release, Nov 3, 2026)

Workplace Furnishings, office and education furniture sold mainly through independent and company-owned dealers, was $1,417.9 million of the total. By product, systems, storage and tables brought in $634.3 million, seating $365.3 million, education $176.7 million and other products such as architectural products and accessories $241.7 million. Legacy Workplace Furnishings sales, excluding Steelcase, grew 5.9% to $547.3 million, which HNI credits mostly to contract customers. (HNI Form 10-Q, Q3 fiscal 2026, Nov 3, 2026; HNI Q3 fiscal 2026 release, Nov 3, 2026)

Residential Building Products, HNI's hearth business (gas, electric, wood and pellet fireplaces, inserts and stoves), grew 4.8% to $175.0 million. Remodel-retrofit revenue rose by double digits and more than offset weaker sales in new construction. (HNI Q3 fiscal 2026 release, Nov 3, 2026; HNI Form 10-K, fiscal 2025, Mar 3, 2026)

Orders rose 6% in Workplace Furnishings and 4% in Residential Building Products against Q3 fiscal 2025, and HNI says Steelcase order growth was stronger than in its legacy furniture business. HNI's five largest customers accounted for approximately 13 percent of consolidated net sales in fiscal 2025, and none reached 10 percent. (HNI Q3 fiscal 2026 release, Nov 3, 2026; HNI Form 10-K, fiscal 2025, Mar 3, 2026)

HNI's non-GAAP diluted EPS of $1.62 was 39 cents above GAAP EPS of $1.23 in Q3 fiscal 2026. The largest adjustment was $24.8 million of Steelcase purchase accounting, the amortization of acquired intangibles ($0.26 a share). HNI also excluded $10.4 million of restructuring and other charges ($0.11), mostly structural cost actions, and $0.9 million of acquisition costs. (HNI Q3 fiscal 2026 release, Nov 3, 2026)

The Steelcase deal lifted the share count and interest cost. Diluted shares averaged 72.5 million, against 46.7 million a year earlier, and net interest expense rose to $19.4 million from $7.2 million. HNI bought back only 0.1 million shares in the first nine months of fiscal 2026, against 1.8 million a year earlier, and had $277.9 million of repurchase authorization left at October 3, 2026. (HNI Q3 fiscal 2026 release, Nov 3, 2026; HNI Form 10-Q, Q3 fiscal 2026, Nov 3, 2026)

The GAAP effective tax rate was 25.8%, against 28.2% a year earlier, when non-deductible Steelcase transaction costs pushed it up. On a non-GAAP basis the rate was 24.7%. (HNI Q3 fiscal 2026 release, Nov 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

HNI gives a qualitative outlook in its release, with no dollar figures. For Q4 fiscal 2026 it expects legacy Workplace Furnishings net sales to grow at a low-single-digit rate, total Workplace Furnishings sales including Steelcase to nearly double, Residential Building Products sales to be roughly unchanged, and non-GAAP diluted EPS to grow at a rate in the mid-20 percent range. Both sales comparisons absorb the extra week in Q4 fiscal 2025. (HNI Q3 fiscal 2026 release, Nov 3, 2026)

For full-year 2026 HNI expects non-GAAP diluted EPS growth of 20-25 percent. It expects cumulative Steelcase synergies of $70 million by the end of 2027 and at least $130 million when fully mature, plus legacy manufacturing network savings of $20 million in 2027 and $30 million in 2028. (HNI Q3 fiscal 2026 release, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover HNI Corporation, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones HNI Corporation's own release and filings put weight on for Q3 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning HNI is on is HNI a buy or a sell?, what analysts expect next is on the HNI forecast, and what the company does is on the HNI Corporation (HNI) stock page.

Every number on this page can be traced to a document HNI Corporation published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.