Key facts
- Honeywell Technologies raised its 2026 profit forecast to $8.05-$8.35 per share.
- Q2 adjusted earnings per share rose 10% to $1.95, while sales increased 3% to $5.2 billion.
- The results are the first since the spin-off of Honeywell Aerospace on June 29, 2026.
- Segment profit increased 9% to $985 million, with segment margin at 19.0%.
- Orders grew 16%, contributing to a backlog of about $20 billion.
Honeywell Technologies reported a second-quarter profit increase, with adjusted earnings per share rising to $1.95 from $1.77 in the same period last year. This marks the company's first earnings report following the completion of its separation from Honeywell Aerospace on June 29, 2026.
For the second quarter of 2026, Honeywell Technologies reported sales of $5.2 billion, a 3% increase on a reported basis and a 4% increase organically. The company's segment profit grew 9% to $985 million, and its segment margin expanded by 100 basis points to 19.0%. Orders were up 16%, contributing to a backlog of approximately $20 billion.
Consolidated results, which include the divested Honeywell Aerospace business for the reporting period, showed sales of $9.7 billion and adjusted earnings per share of $4.52. Honeywell Technologies' CEO, Vimal Kapur, stated that the results reflect the benefits of the business simplification and position the company for accelerated profitable growth as a pure-play automation company.
The spin-off of Honeywell Aerospace, which will trade under the ticker HONA, is the final step in Honeywell's portfolio transformation that began in 2023. The company also filed a Form 8-K with supplemental historical financial information to provide a baseline for evaluating its go-forward performance.