Whirlpool Corporation (WHR)

NYSEConsumer DiscretionaryFurnishings, Fixtures & AppliancesSnapshot 2026-10-23

$28.11-2.40%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Whirlpool Corporation’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

-19.0% · beyond scale

+10% or more+5%0%−5%−10% or less

3.53 → 2.86 EPS · FY ending Dec 31, 2027 · 6 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 6 to 6; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
FY 2026 · Q4
Revenue	—	4.1B
EPS	—	1.235
FY 2026 · Annual
Revenue	—	14.83B
EPS	—	1.38
Eps growth	About 25%non-GAAP	—
FY 2027 · Annual
Revenue	—	15.32B
EPS	—	2.861

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Reduce debt by over $900 million in 2026	It aims to reduce debt by over $900 million in 2026.	Improving	debt reduction falls short of $900 million in 2026	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Restore profit margins through pricing and cost actions	Whirlpool plans to cut costs and raise prices to restore profit margins.	Intact	gross margin falls below 5.5% in FY26	Gross margin: 12.57% FY2026-Q2; GAAP. Published target: gross margin >= 5.5% in FY26. Target period is not explicitly aligned with this observation. Source published Aug 4, 202612.567529 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 6f19011b-9339-4885-a71a-711b48bc46f4. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated in 2 of 2 supplied earnings quarters. Q2 revenue was $3.517 billion versus $3.773 billion a year earlier, and ongoing EBIT margin was 1.8% versus 5.3%; management's 2026 plan calls for structural cost take-out to deliver over $150 million. Pricing actions and sequential margin improvement are reported, but the year-over-year margin comparison shows limited progress toward restored margins so far. Delivery assessment Oct 24, 2026
Generate operating cash flow of about $700 million in 2026	The company targets about $700 million in operating cash flow this year.	Broken	operating cash flow falls below $700 million in 2026	Cash from operations: $-120M FY2026-Q2; GAAP. Published target: operating cash flow >= $700 million in 2026. Target period is not explicitly aligned with this observation. Source published Aug 4, 2026-120,000,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Maintain revenue near $15 billion in 2026	A supporting condition in Whirlpool Corporation's published investment case. The stated target is revenue >= $15 billion in 2026.	Intact	revenue falls below $15 billion in 2026	Revenue: $3.517B FY2026-Q2; GAAP. Published target: revenue >= $15 billion in 2026. Target period is not explicitly aligned with this observation. Source published Aug 4, 20263,517,000,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 6f19011b-9339-4885-a71a-711b48bc46f4. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$2.86

$3.77 → $2.86 · observed estimates

FY2027 revenue$15.32B

$15.43B → $15.32B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$3.77	$15,425,489,808	5 / 8
2026-07-25	$3.77	$15,425,489,808	5 / 8
2026-07-26	$3.96	$15,424,638,790	10 / 10
2026-07-27	$3.96	$15,424,638,790	10 / 10
2026-07-28	$3.96	$15,424,638,790	10 / 10
2026-07-29	$3.71	$15,419,035,262	6 / 7
2026-07-30	$3.96	$15,424,638,790	10 / 10
2026-07-31	$3.96	$15,424,638,790	10 / 10
2026-08-01	$3.71	$15,419,035,262	6 / 7
2026-08-02	$3.71	$15,419,035,262	6 / 7
2026-08-03	$3.96	$15,424,638,790	10 / 10
2026-08-04	$3.80	$15,404,126,171	6 / 7
2026-08-05	$3.96	$15,424,638,790	10 / 10
2026-08-06	$4.06	$15,408,238,790	10 / 10
2026-08-08	$3.67	$15,448,241,338	5 / 7
2026-08-09	$3.73	$15,463,863,280	11 / 11
2026-08-10	$3.67	$15,448,241,338	5 / 7
2026-08-12	$3.67	$15,448,241,338	5 / 7
2026-08-13	$3.73	$15,463,845,100	11 / 11
2026-08-14	$3.67	$15,448,241,338	5 / 7
2026-08-15	$3.67	$15,448,241,338	5 / 7
2026-08-16	$3.67	$15,448,241,338	6 / 8
2026-08-17	$3.67	$15,448,241,338	6 / 8
2026-08-18	$3.67	$15,448,241,338	6 / 8
2026-08-19	$3.67	$15,448,241,338	6 / 8
2026-08-20	$3.67	$15,448,233,005	6 / 8
2026-08-21	$3.67	$15,448,233,005	6 / 8
2026-08-22	$3.67	$15,448,233,005	6 / 8
2026-08-23	$3.67	$15,448,233,005	6 / 8
2026-08-24	$3.67	$15,448,233,005	6 / 8
2026-08-25	$3.65	$15,436,061,235	6 / 8
2026-08-26	$3.65	$15,436,061,235	6 / 9
2026-08-27	$3.65	$15,436,061,235	6 / 9
2026-08-28	$3.65	$15,436,061,235	6 / 9
2026-08-29	$3.65	$15,436,061,235	6 / 9
2026-08-30	$3.65	$15,436,061,235	6 / 9
2026-08-31	$3.65	$15,436,061,235	6 / 9
2026-09-01	$3.65	$15,436,061,235	6 / 9
2026-09-02	$3.65	$15,436,061,235	6 / 9
2026-09-03	$3.65	$15,436,061,235	6 / 9
2026-09-04	$3.65	$15,436,061,235	6 / 9
2026-09-05	$3.65	$15,436,061,235	6 / 9
2026-09-06	$3.65	$15,436,061,235	6 / 9
2026-09-07	$3.65	$15,436,061,235	6 / 9
2026-09-08	$3.65	$15,436,061,235	6 / 9
2026-09-09	$3.65	$15,436,061,235	6 / 9
2026-09-10	$3.65	$15,436,061,235	6 / 9
2026-09-11	$3.65	$15,436,061,235	6 / 9
2026-09-12	$3.57	$15,426,259,211	6 / 9
2026-09-13	$3.57	$15,426,259,211	6 / 9
2026-09-14	$3.57	$15,426,259,211	6 / 9
2026-09-15	$3.57	$15,426,292,596	6 / 9
2026-09-16	$3.57	$15,426,292,596	6 / 9
2026-09-17	$3.53	$15,426,292,596	6 / 9
2026-09-18	$3.53	$15,426,292,596	6 / 9
2026-09-19	$3.53	$15,426,292,596	6 / 9
2026-09-20	$3.53	$15,426,292,596	6 / 9
2026-09-21	$3.53	$15,426,292,596	6 / 9
2026-09-22	$3.53	$15,426,292,596	6 / 9
2026-09-23	$3.53	$15,426,292,596	6 / 9
2026-09-24	$3.53	$15,426,292,596	6 / 9
2026-09-25	$3.53	$15,426,292,596	6 / 9
2026-09-26	$3.53	$15,426,292,596	6 / 9
2026-09-27	$3.53	$15,426,292,596	6 / 9
2026-09-28	$3.53	$15,426,292,596	6 / 9
2026-09-29	$3.53	$15,426,292,596	6 / 9
2026-09-30	$3.53	$15,426,292,596	6 / 9
2026-10-01	$3.53	$15,426,292,596	6 / 9
2026-10-02	$3.53	$15,426,292,596	6 / 9
2026-10-03	$3.53	$15,426,292,596	6 / 9
2026-10-04	$3.53	$15,426,292,596	6 / 9
2026-10-05	$3.53	$15,426,292,596	6 / 9
2026-10-06	$3.53	$15,426,292,596	6 / 9
2026-10-07	$3.53	$15,426,292,596	6 / 9
2026-10-08	$3.53	$15,426,292,596	6 / 9
2026-10-09	$3.45	$15,410,838,750	6 / 9
2026-10-10	$3.45	$15,410,838,750	6 / 9
2026-10-11	$3.45	$15,410,838,750	6 / 9
2026-10-12	$3.45	$15,410,838,750	6 / 9
2026-10-13	$3.39	$15,395,690,750	6 / 9
2026-10-14	$3.35	$15,390,761,011	6 / 9
2026-10-15	$3.35	$15,390,761,011	6 / 9
2026-10-16	$3.29	$15,390,761,011	6 / 8
2026-10-17	$3.29	$15,390,761,011	6 / 8
2026-10-18	$3.29	$15,390,761,011	6 / 8
2026-10-19	$3.29	$15,390,761,011	6 / 8
2026-10-20	$2.86	$15,318,337,720	6 / 8
2026-10-21	$2.86	$15,318,314,643	6 / 8
2026-10-22	$2.86	$15,318,314,643	6 / 8
2026-10-23	$2.86	$15,318,314,643	6 / 8
2026-10-24	$2.86	$15,318,314,643	6 / 8

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	2	8	3
2026-06-01	1	8	3
2026-07-01	1	8	3
2026-08-01	1	9	3
2026-09-01	1	9	3
2026-10-01	1	10	3

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 1 Buy / Strong Buy · 10 Hold · 3 Sell / Strong Sell

0 upgrades1 downgrades4 maintains

Recent actions · Sep 25–Oct 24 · 5 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Goldman SachsOct 12 · prior May 14

$53.00 → $41.00-22.6%

RBC CapitalOct 7 · prior Jun 16

$30.00 → $22.00-26.7%

$0$29.15$58.30

0 raises · 2 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Reduce debt by over $900 million in 2026Direct metric needs a verified mapping
Restore profit margins through pricing and cost actionsGross margin: 12.57%
Generate operating cash flow of about $700 million in 2026Published status: Broken
Maintain revenue near $15 billion in 2026Revenue: $3.517B

Next proof point

Oct 26, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.9%Typical daily move · historical

Downside history

-71.1%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Whirlpool Corporation outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

This is a cyclical business recovery story, not a proven durable compounder. The thesis is on watch: recent performance is weak relative to its industry cohort, while confidence in the assessment has moved from high to medium.

What's priced into Whirlpool Corporation

WHR screens as cheap versus peers, but the evidence says that discount reflects weak execution quality rather than a full stack of negative factors. The expectations gap is slightly negative, suggesting the market is not assuming a strong recovery; valuation evidence is high confidence, but it does not remove the business risks.

What the fundamentals likely do

Near term, consecutive earnings misses and a 49% estimated miss probability make the next results a key test. Q2 revenue and ongoing operating margin were below the prior year, while six-month operating cash flow was negative despite full-year cash flow goals. Management has reported pricing actions, restructuring, and financing steps, but margin recovery, debt paydown, and cash flow delivery remain unproven.

What Whirlpool Corporation hinges on

The multi-year thesis depends on cost reductions and pricing actions restoring margins, alongside progress toward management’s cash flow and year-end debt goals. A guidance cut would be a meaningful setback; continued strength or weakness among sector bellwethers could also affect the industry backdrop.