Johnson Controls Raises FY Profit View to $5.05 on Data Center Boom, Q3 Beats
JCI sits 45% above its 52-week low of $102.09.
Summary
Johnson Controls lifted its full-year adjusted EPS forecast to $5.05 from $4.85, citing sustained data center demand for its HVAC and building systems. Q3 adjusted EPS of $1.42 beat the $1.30 consensus, and revenue rose 11.5% to $6.61B, topping estimates. The premarket 6% jump reflects the magnitude of the beat and the raised outlook. This follows earlier Q4 guidance of $1.55, which already signaled confidence, but the full-year raise and strong Q3 execution add conviction. The data center tailwind is material and likely to persist as AI infrastructure expands.
At the time of this announcement, JCI was trading at $148.49 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $85.6B. The 52-week trading range was $102.09 to $151.18. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.