Honeywell Q2 Profit Surges to $5.7B, Lifts FY26 EPS View to $8.05-$8.35
HON sits 22% above its 52-week low of $195.769.
Summary
Honeywell Technologies reported a massive Q2 profit surge, with consolidated net income hitting $5.682 billion, up from $1.570 billion a year ago, driven by a one-time gain on the deconsolidation of Quantinuum. Adjusted EPS came in at $4.52, slightly below last year's $4.72, but the standalone automation business showed strength with adjusted EPS of $1.95 versus $1.77. The company raised its full-year adjusted EPS guidance to $8.05-$8.35, up from the prior $7.90-$8.30, while trimming its sales forecast to $19.8-$20.0 billion from $19.9-$20.2 billion. This follows the July 8 guidance update that reflected the reverse stock split and spin-off of Aerospace, but today's release provides the first hard numbers for the post-breakup entity. Orders for the standalone business jumped 16%, building a $20 billion backlog, signaling robust demand for automation. The guidance incorporates the pending acquisition of Johnson Matthey's Catalyst Technologies and planned divestitures, with the full-year outlook implying 25-29% EPS growth.
At the time of this announcement, HON was trading at $239.01 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $73.8B. The 52-week trading range was $195.77 to $260.15. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: dpa-AFX.