Resideo Q2 2026: Record Results, ADI Spin-Off Completed, New CFO
REZI sits 32% above its 52-week low of $18.585.
Summary
Resideo reported record Q2 2026 results with revenue up 2% and a swing to profitability, driven by one-time benefits and strong segment performance. The company completed its ADI spin-off and appointed a new CFO.
Key Events · Earnings and Guidance · REZI
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Record Q2 Revenue and Profit
Revenue of $1.98 billion, up 2.0% year-over-year, with diluted EPS of $0.51 compared to a loss of $5.59 in Q2 2025. Gross margin improved to 30.0% from 29.3%.
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Tax Matters Agreement Termination
Resideo terminated its Tax Matters Agreement with Honeywell for a one-time payment of $12 million, recognizing $77 million in other income and derecognizing $44 million of deferred tax assets.
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IEEPA Tariff Refunds
Recognized $27 million in IEEPA tariff refunds in Q2 2026, contributing to gross margin improvement.
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ADI Spin-Off Completed
Completed the spin-off of ADI Global Distribution on August 3, 2026. ADIG paid a $900 million dividend to Resideo, which was used to repay $518 million and $382 million of term loans.
Analysis · REZI · Trade & Services
Resideo reported record Q2 2026 results with revenue of $1.98 billion, up 2.0% year-over-year, and diluted EPS of $0.51, a significant turnaround from a loss of $5.59 per share in the prior year. The quarter included a $77 million benefit from terminating the Tax Matters Agreement with Honeywell and $27 million in IEEPA tariff refunds. The company also completed the spin-off of ADI Global Distribution on August 3, 2026, which will materially reduce future consolidated revenue but improve leverage. The filing provides detailed financial statements and MD&A, offering a comprehensive view of the company's post-spin-off financial position.
At the time of this filing, REZI was trading at $24.60 on NYSE in the Trade & Services sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $18.59 to $31.50. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.