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Get filing alertsHoneywell reports Q2 results post-Aerospace spin, books $5.1B Quantinuum gain
Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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Recognized $5.1B after-tax gain from Quantinuum deconsolidation, boosting reported EPS to $17.83 vs. adjusted $1.95 (up 10% YoY). Gain reflects accounting change for quantum computing investment.
Exhibit 99 view on EDGAR → -
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Completed Aerospace spin-off June 29; spun entity now trades as HONA. Honeywell Technologies is now pure-play automation (building, process, industrial) with Q2 sales $5.2B, up 4% organic.
Exhibit 99 view on EDGAR → -
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Raised FY26 adjusted EPS guidance to $8.05–$8.35 (up 25–29% YoY, from prior $7.90–$8.30). Segment margin outlook now 20.1–20.5% with 250–290 bps expansion (from 220–270 bps).
Exhibit 99 view on EDGAR → -
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Closed Johnson Matthey Catalyst Technologies acquisition July 17. Expects to divest Productivity Solutions and Warehouse/Workflow Solutions by early August; both incorporated in guidance.
Exhibit 99 view on EDGAR → -
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Q2 orders up 16% to ~$20B backlog. Segment margin 19.0%, up 100 bps YoY, driven by productivity and volume leverage in automation businesses.
Exhibit 99 view on EDGAR →
Summary
Honeywell Technologies reported second quarter 2026 results reflecting its new identity as a pure-play automation company following the June 29 spin-off of Honeywell Aerospace (now trading as HONA). The quarter featured a $5.1 billion after-tax gain from the deconsolidation of Quantinuum, the quantum computing venture, which lifted reported EPS to $17.83. Excluding that one-time item, adjusted EPS of $1.95 rose 10% year-over-year on sales of $5.2 billion (up 4% organically) and segment margin of 19.0%, a 100-basis-point expansion driven by productivity gains and volume leverage.
The company raised its full-year outlook: adjusted EPS guidance now stands at $8.05–$8.35 (25–29% growth, up from prior $7.90–$8.30), segment margin at 20.1–20.5% with 250–290 basis points of expansion (previously 220–270 bps), and organic sales growth of 3–4% (from 2–3%). The updated forecast incorporates the July 17 close of the Johnson Matthey Catalyst Technologies acquisition and the expected early-August divestitures of the Productivity Solutions and Warehouse/Workflow Solutions businesses. Strong order momentum—up 16% in the quarter to roughly $20 billion backlog—underpins the raised margin and earnings targets as Honeywell Technologies executes its portfolio transformation.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Honeywell announced second quarter 2026 earnings results via press release.
Added in current filing · verify on EDGAR →
On July 23, 2026, Honeywell International Inc. (the “Company”) issued a press release announcing its second quarter 2026 earnings, which is furnished herewith as Exhibit 99.
Honeywell disclosed its second quarter 2026 financial results through a press release attached as Exhibit 99. The 8-K body does not contain specific financial figures; those details would be in the exhibit itself.
Event · Exhibit 99
Added in current filing · view on EDGAR →
Honeywell Aerospace (NASDAQ: HONA), which successfully separated in a spin-off from Honeywell Technologies on June 29, 2026 (third quarter 2026).
Honeywell Technologies completed the separation of its Aerospace Technologies segment on June 29, 2026. The spun-off entity now trades independently as Honeywell Aerospace under ticker HONA. This transforms Honeywell Technologies into a pure-play automation company focused on building, process, and industrial automation.
Added in current filing · view on EDGAR → · paraphrased
Sales of $5.2 billion, up 3% reported and up 4% organic ... Operating margin of 12.8% and segment margin of 19.0% ... EPS of $16.65 and adjusted EPS of $1.95
For Q2 2026, Honeywell Technologies (excluding Aerospace) reported sales of $5.2 billion with 4% organic growth, segment margin of 19.0% (up 100 basis points year-over-year), and adjusted EPS of $1.95 (up 10% from $1.77 in Q2 2025). The results reflect strong orders growth of 16% leading to approximately $20 billion backlog.
Added in current filing · view on EDGAR → · paraphrased
The company now expects full-year sales of $19.8 billion to $20.0 billion with organic sales growth of 3% to 4% ... segment margin in the range of 20.1% to 20.5% with segment margin expansion of 250 to 290 basis points year over year; and adjusted earnings per share in the range of $8.05 to $8.35, up 25% to 29%.
Honeywell Technologies raised its full-year 2026 outlook. Sales guidance is now $19.8-20.0 billion (previously $19.9-20.2 billion) with organic growth of 3-4% (previously 2-3%). Segment margin guidance increased to 20.1-20.5% (previously 19.8-20.3%) with expansion of 250-290 basis points (previously 220-270 bps). Adjusted EPS guidance is now $8.05-8.35 (previously $7.90-8.30), representing 25-29% growth.
Added in current filing · view on EDGAR →
Guidance incorporates expected results for the acquisition of Johnson Matthey's Catalyst Technologies business, which closed on July 17, 2026, and the expected close of the Productivity Solutions and Services (PSS) and Warehouse and Workflow Solutions (WWS) business divestitures by early August.
Honeywell Technologies completed the acquisition of Johnson Matthey's Catalyst Technologies business on July 17, 2026. The company also expects to close the divestitures of its Productivity Solutions and Services (PSS) and Warehouse and Workflow Solutions (WWS) businesses by early August 2026. These transactions are incorporated into the updated full-year guidance.
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