Honeywell Aerospace Inc.: Beat — EPS $2.21, Revenue $4.64B
Earnings BeatQ3 2026 · After-market
Did Honeywell Aerospace Inc. (HONA) beat earnings today?
Yes, Honeywell Aerospace Inc. (HONA) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+18.82% surprise
$2.21Actual
Expected: $1.86
Total Revenue+1.40% surprise
$4.64BActual
Expected: $4.58B
vs. year ago +2.0%
Released Oct 28 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net sales | $4.64B | $4.53B | +2.0% |
| Revenue detail — reported lines | |||
| └─Product sales | $2.69B | $2.53B | +6.2% |
| └─Service sales | $1.95B | $2.00B | -2.3% |
| └─Electronic Solutions | $1.78B | $1.71B | +4.0% |
| └─Engines & Power Systems | $1.51B | $1.48B | +3.0% |
| └─Control Systems | $1.34B | $1.35B | 0.0% |
| GAAP Basic EPS | $2.29 | $2.03 | +12.8% |
| GAAP Diluted EPS | $2.29 | $2.03 | +12.8% |
| Adjusted EPS | $2.21 | - | - |
| Net income | $737.00M | $654.00M | +13.0% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | 2026 Outlook |
|---|---|---|
| Organic growth | — | 4% - 5% (prev. 4% - 5%) |
| Pro forma standalone adjusted EBIT | — | $4.375B - $4.425B (prev. $4.35B - $4.45B) |
| Year-over-year growth | — | Up 1% - 2% (prev. Flat - 3%) |
| Pro forma standalone adjusted earnings per share | — | $7.85 - $8.00 (prev. $7.60 - $7.90) |
| Second half free cash flow | — | $1.2B - $1.4B (prev. $1.0B - $1.4B) |
Business Highlights
- ➤Secured more than $20B in year-to-date new wins by estimated lifetime value.
- ➤U.S. Air Force advanced the SkyShot 1600 engine into Preliminary Design Review.
- ➤Secured over $2B in navigation and RF systems awards for missiles and munitions.
- ➤Phoenix Aviation Department agreed to study SURF-A technology for ground vehicle operators.
- ➤Announced a 300,000 square foot Tempe manufacturing expansion expected to open in late 2028.
- ➤Tempe expansion adds capacity, lean manufacturing, automation and supply-chain resilience for Control Systems.
- ➤Presented supply-chain transformation actions addressing constraints from a small number of mechanical suppliers.
- ➤Board approved an inaugural quarterly cash dividend of $0.40 per share.
Management Commentary
Jim Currier, Chief Executive Officer of Honeywell Aerospace
“Honeywell Aerospace delivered results above our expectations in its first quarter as a standalone company, increasing sales and adjusted EBIT sequentially and year over year as we accelerate investments to drive greater output and better serve our customers. Demand for our solutions remains robust with 9% orders growth over the last 12 months.”
Jim Currier, Chief Executive Officer of Honeywell Aerospace
“We are seeing encouraging signs from pacing suppliers as we deepen our commitment to enduring partnerships. This progress, combined with ongoing qualification of additional material sources, positions us for higher sales and output growth in 2027 and beyond.”
Jim Currier, Chief Executive Officer of Honeywell Aerospace
“The Board's decision to declare a regular dividend underscores the visibility into our durable free cash flow growth in the years ahead. Paying a competitive, growing dividend is a key component of our capital allocation strategy designed to deliver substantial shareholder value while maintaining financial flexibility and a strong investment-grade credit rating.”