Earnings Call
Apr 23, 2026
Q1 FY2026
EPS Estimate
2.32
EPS Actual
2.45
Post-Earnings Close
$214.34
Earnings Reaction
-2.6%
Honeywell's first quarter 2026 results were headlined by adjusted EPS of $2.45, up 11% year-over-year and ahead of the $2.31 consensus estimate, with segment margin expanding 90 basis points to 23.3%, a beat driven by pricing discipline running toward the upper end of the 3%-4% range, accelerated stranded cost removal ahead of the Aerospace spin, and favorable mix in Aerospace toward higher-margin Electronic Solutions. Organic sales grew 2%, with Building Automation the standout at 8% organic growth for the fifth or sixth consecutive quarter of high-single-digit performance, while Aerospace grew 3% despite a meaningful supply chain disruption in January and February. The quarter was complicated by two distinct headwinds: temporary mechanical supply chain constraints in Aerospace concentrated in Engines and Power Systems and Control Systems, and revenue disruption in Process Automation and Technology from the ongoing Middle East conflict, which cost roughly 0.5% of total Honeywell revenue in Q1.
Report generated on Apr 23, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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