Honeywell International Inc.: Mixed — EPS $2.27, Revenue $4.99B
Mixed ResultQ3 2026 · Pre-market
Did Honeywell International Inc. (HON) beat earnings today?
It was a mixed report for Q3 2026 — Honeywell International Inc. (HON) beat on EPS but missed on revenue.
Earnings Per Share+5.09% surprise
$2.27Actual
Expected: $2.16
vs. year ago +34.0%
Total Revenue-0.26% surprise
$4.99BActual
Expected: $5.01B
vs. year ago +1.0%
Released Oct 22 · 6:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $4.99B | $4.93B | +1.0% |
| Revenue detail — reported lines | |||
| └─Product sales | $3.63B | $3.57B | +1.5% |
| └─Service sales | $1.37B | $1.36B | +0.7% |
| └─Building Automation | $2.02B | $1.88B | +8.0% |
| └─Process Automation and Technology | $1.86B | $1.60B | +16.0% |
| └─Industrial Automation | $1.11B | $1.45B | -23.0% |
| Basic EPS | $2.42 | $3.01 | -19.6% |
| Diluted EPS | $2.40 | $2.99 | -20.0% |
| Adjusted EPS | $2.27 | $1.70 | +34.0% |
| Net income | $676.00M | $1.86B | -63.6% |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | FY 2026 Outlook |
|---|---|---|
| Sales | — | $20.0B-$20.1B (prev. $19.8B-$20.0B) |
| Organic Growth | 5%-6% | 4%-5% (prev. 3%-4%) |
| Segment Margin | — | ~20.5% (prev. 20.1%-20.5%) |
| Expansion | — | Up ~290 bps (prev. Up 250-290 bps) |
| Adjusted EPS | — | $8.40-$8.45 (prev. $8.05-$8.35) |
| Adjusted Earnings Growth | — | 30%-31% (prev. 25%-29%) |
| Operating Cash Flow | — | ~$2.1B (prev. ~$2.1B) |
| Free Cash Flow | — | ~$2.1B (prev. ~$2.0B) |
Business Highlights
- ➤Backlog increased 7% year over year to nearly $19B, excluding WWS and PSS divestitures.
- ➤Building products grew 11%, fueled by fire and security businesses.
- ➤Building solutions grew 4% on continued strength in services.
- ➤Project sales grew 14%, led by LNG and petrochemical projects.
- ➤Aftermarket grew 4%, driven primarily by refining demand.
- ➤Industrial Automation solutions grew 16%, led by industrial measurement and utilities.
- ➤Sensing delivered double-digit growth despite utility meter-deployment deferrals.
- ➤Completed WWS and PSS divestitures during the third quarter.
- ➤Acquired Johnson Matthey’s Catalyst Technologies business.
- ➤Honeywell Technologies operates with more than 50,000 employees globally.
Management Commentary
Vimal Kapur, Chairman and Chief Executive Officer
“Honeywell Technologies delivered strong results across the business in our first quarter as a standalone company. Continued momentum across all three segments, together with our improving position in high-growth verticals, translated to 7% organic sales growth, above the three-year target set at our June Investor Day. This performance, coupled with continued progress reducing fixed cost, enabled adjusted operating income to increase at more than three times the rate of sales, while adjusted EPS rose 34%, well ahead of our expectations for the quarter. As a result of this strong performance, we are raising our full-year 2026 outlook, which gives me great confidence in our long-term strategy and our ability to deliver on our 2029 targets,”