Honeywell Posts First Earnings Since Aerospace Spinoff: Revenue Up 4% to $9.7B, Raises Full-Year Guidance

Honeywell reported Q2 2026 revenue of $9.7 billion, up 4% year-over-year, in an SEC Form 8-K filing disclosed on July 23 (local time).

📊 Price at time of writing (July 23, 2026, 9:03 PM KST)
$232.99 ▲ +1.36%

Q2 Earnings at a Glance

The quarter includes two months of results from the Aerospace segment, which was spun off on June 29. Reported EPS jumped from $4.33 to $17.83, but the surge doesn't reflect operating performance — it stems from a one-time accounting gain tied to deconsolidating Quantinuum, the former quantum computing subsidiary. Excluding that one-time item, adjusted EPS came in at $4.52, down 4% from $4.72 a year earlier. Looking at Honeywell's core business alone (excluding Aerospace), revenue rose 3% to $5.2 billion, while adjusted EPS actually climbed 10% to $1.95.

• Total consolidated revenue: $9.7 billion, +4% year-over-year
• EPS: $17.83 (including one-time gain); adjusted EPS $4.52, -4% year-over-year
• Operating income: $1.7 billion, -6% year-over-year (operating margin 17.9%)
• Core Honeywell (ex-Aerospace) revenue: $5.2 billion, +3%; adjusted EPS $1.95, +10%

Outlook for the Year Ahead

Following the Aerospace spinoff, Honeywell raised its full-year 2026 guidance for its core business. The company now expects full-year revenue of $19.8–$20.0 billion, slightly below its prior guidance of $19.9–$20.2 billion, but raised its revenue growth outlook to 3–4% from 2–3%. Adjusted EPS guidance was raised to $8.05–$8.35 from $7.90–$8.30, with growth guidance also raised to 25–29%. The company expects full-year operating cash flow of about $2.1 billion and free cash flow of about $2.0 billion. Honeywell Chairman and CEO Vimal Kapur said, "This quarter marks a historic moment — completing our Aerospace separation and beginning a new era as a pure-play automation company," adding that "the benefits of simplification are already showing up."

Market Reaction

As of publication (9:03 PM KST on July 23, 2026), Honeywell shares stood at $232.99, up 1.36% from the previous close. International media covered the results as the company's first report card since the Aerospace spinoff, noting the combination of rising revenue, growing orders, and improving margins favorably. However, no specific figures were disclosed on how the results compared against consensus estimates.

Segment Breakdown

• Building Automation: revenue $2.0 billion, +10% year-over-year (segment margin 27.1%)
• Process Automation & Technology: revenue $1.7 billion, +4% year-over-year (segment margin 22.1%)
• Industrial Automation: revenue $1.5 billion, -5% year-over-year (segment margin 17.2%)

This article was automatically generated based on the original SEC Form 8-K filing and international media reports, with the goal of delivering key data promptly after the announcement. Readers are advised to review the company's official filing before making trading decisions. Prices reflect the time of writing and may differ from current levels.