Whirlpool Q1 earnings miss, cuts 2026 guidance, suspends dividend
Key takeaways
- The company reported first-quarter revenue of $3.27 billion, down almost 10% from the same period a year earlier.
- Whirlpool stock fell about 20% in premarket trading Thursday.
- In its earnings release, the company stated: "War in Iran resulted in recession-level industry decline in the U.S.
Whirlpool Q1 earnings miss, cuts 2026 guidance, suspends dividend Quartz · CFOTO / Getty Images Cris Tolomia Thu, May 7, 2026 at 7:39 PM GMT+7 3 min read WHR Whirlpool slashed its full-year earnings forecast and suspended its common stock dividend on Thursday after posting a first-quarter loss, citing the war in Iran for a severe drop in appliance demand across the U.S.
The company reported first-quarter revenue of $3.27 billion, down almost 10% from the same period a year earlier. Whirlpool posted a GAAP net loss of $85 million, compared with net earnings of $71 million in the first quarter of 2025. Adjusted loss per share came in at $1.43. Wall Street had expected an adjusted loss of $0.36 per share and revenue of $3.42 billion, according to Yahoo Finance.
Whirlpool stock fell about 20% in premarket trading Thursday.