What changed
GAAP EPS of $17.83 included a one-time gain on Quantinuum deconsolidation; adjusted EPS of $4.52 missed consensus of $4.72 (-4.2%). Revenue of $9.7B grew 4% organically, with orders up 4% and backlog at $38B. The key nuance: the spin-off of Honeywell Aerospace on June 29 distorts comparisons — standalone Honeywell Technologies (ex-Aerospace) posted adj EPS of $1.95 (+10% YoY) and segment margin expanded 100bps to 19.0%, signaling stronger underlying automation momentum.
Why it matters
GAAP EPS of $17.83 included a one-time gain on Quantinuum deconsolidation; adjusted EPS of $4.52 missed consensus of $4.72 (-4.2%). Revenue of $9.7B grew 4% organically, with orders up 4% and backlog at $38B. The key nuance: the spin-off of Honeywell Aerospace on June 29 distorts comparisons — standalone Honeywell Technologies (ex-Aerospace) posted adj EPS of $1.95 (+10% YoY) and segment margin expanded 100bps to 19.0%, signaling stronger underlying automation momentum.
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Jul 29, 2026 12:42 AM ET