Story
Honeywell Technologies Lifts 2026 Profit Outlook in First Post-Split Report
Summary
Honeywell Technologies raised its full-year 2026 profit forecast in its first earnings report as a standalone automation company, even as its second-quarter adjusted profit fell short of analyst expectations.
Honeywell Technologies Inc. raised its full-year profit guidance on Thursday, signaling confidence in the demand for its automation products in its first quarterly report since completing a corporate separation. The upgraded outlook overshadowed a miss on quarterly profit estimates, and the company's shares rose 1.6% in pre-market trading.
Quarterly Performance
For the second quarter, Honeywell Technologies reported results that presented a mixed picture for investors. While sales beat forecasts, profit did not meet Wall Street's expectations.
- Adjusted Earnings Per Share: $4.52, a 10% increase from the prior year but below the analyst consensus of $4.81, according to data from LSEG.
- Quarterly Sales: $9.72 billion, a 4% year-over-year increase, surpassing the estimated $9.51 billion.
The company attributed the solid sales performance to resilient demand for its industrial and building automation products.
Updated 2026 Guidance
AdDespite the quarterly earnings miss, management provided an improved forecast for the full fiscal year. The company now expects annual adjusted earnings per share to be in the range of $8.05 to $8.35, up from a previous forecast of $7.90 to $8.30 provided last month.
Honeywell Technologies also projected full-year sales between $19.8 billion and $20.0 billion, which would represent organic sales growth of 3% to 4%.
Strategic Context
This earnings release is the first for Honeywell Technologies as a pure-play automation company. The former conglomerate Honeywell announced in February 2025 that it would split into three separate, publicly traded companies.
The separation created Honeywell Aerospace, which was spun off in June, and Solstice Advanced Materials. The remaining entity, Honeywell Technologies, is now focused on industrial, process, and building technologies. Management has previously outlined a strategy to drive growth by expanding into high-demand sectors such as data centers, semiconductors, LNG infrastructure, and life sciences.
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