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Honeywell International 8-K Report, Financial Results (Jul 23, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 23, 2026
Period End
July 23, 2026
Security
HON
In the record · 2016–202610-K1110-Q348-K196

HON filed 11 annual reports (10-K), 34 quarterly reports (10-Q) and 196 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Aug ’16Aug ’16
  2. Material agreement8-K · Apr ’19Apr ’19
  3. Leadership change8-K · Jul ’21Jul ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed July 23, 2026. Cited figures are marked; the original filing is the authoritative source.

Honeywell (HON) reported second quarter 2026 results on July 23, 2026, the first quarter reported after the June 29, 2026 spin-off of Honeywell Aerospace (HONA).

Consolidated results still include the former Aerospace Technologies segment, so the headline figures are not comparable to the go-forward company. Consolidated sales were $9.7 billiona (up 4% reported and organically), operating margin was 17.9%, segment margin was 23.1%, and GAAP diluted EPS was $17.83. That GAAP figure is inflated by a $6.6 billion pre-tax one-time gain on the deconsolidation of Quantinuum, and adjusted EPS was $4.52, down 4% year over year.

Honeywell Technologies, the continuing pure-play automation business, is the figure investors should focus on. Its sales were $5.2 billionb (up 3% reported, 4% organic), orders rose 16% to a roughly $20 billion backlog, segment margin expanded 100 bps to 19.0%, and adjusted EPS was $1.95, up 10%. Management raised its full-year 2026 Honeywell Technologies segment margin and adjusted EPS guidance to 20.1%-20.5% and $8.05-$8.35 (up 25%-29%), while lowering the sales outlook to $19.8-$20.0 billion.

Organic growth guidance was raised to 3%-4%, with second-half organic growth expected at 4%-6%. Operating cash flow is expected at about $2.1 billionc and free cash flow at about $2.0 billion, both unchanged. The sales range was trimmed partly for the pending divestitures of the PSS and WWS businesses, and the guidance includes the July 17 closing of the Johnson Matthey Catalyst Technologies acquisition.

Balance sheet activity was heavy. Cash fell to $8.8 billiond and total debt, including current maturities, was about $34 billion, while equity method investments rose to $7.5 billion, reflecting the Quantinuum deconsolidation.

Divestiture-related costs of $820 million in the quarter, and $1.1 billion year to date, weighed on GAAP results and are a key item to monitor. Honeywell Aerospace will report its standalone second quarter results on August 5.

02—Key points

Key Highlights

  1. Q2 2026 GAAP diluted EPS of $17.83 includes a one-time $6.6 billion pre-tax gain on deconsolidation of Quantinuum; adjusted EPS was $4.52, down 4% year over year.
  2. Honeywell Technologies (ex-Aerospace) delivered sales of $5.2B (+4% organic), segment margin of 19.0% (+100 bps), and adjusted EPS of $1.95 (+10%).
  3. Orders rose 16% in Honeywell Technologies, with backlog of roughly $20 billion; Building Automation orders grew 13% and Process Automation orders grew 24%, led by LNG.
  4. FY2026 guidance raised for segment margin (20.1%-20.5%) and adjusted EPS ($8.05-$8.35, up 25%-29%) and organic growth (3%-4%), while sales guidance was trimmed to $19.8B-$20.0B.
  5. Operating cash flow guidance of about $2.1B and free cash flow of about $2.0B were unchanged; Q2 free cash flow for Honeywell Technologies rose 300% to $456M.
  6. Divestiture-related costs of $820M in Q2 ($1.1B year to date) and a $311M year-to-date asset impairment weighed on GAAP results.
  7. Honeywell Aerospace (HONA) is now separately listed; its standalone Q2 results are due August 5, and the Q2 consolidated figures still include the former Aerospace segment.

03—Questions

Frequently Asked Questions

  1. Why are the headline Honeywell figures so different from Honeywell Technologies figures?

    The consolidated results still include the former Aerospace Technologies segment, which was spun off as Honeywell Aerospace (HONA) on June 29, 2026. Consolidated EPS of $17.83 also includes a one-time $6.6 billion pre-tax gain on the Quantinuum deconsolidation. Honeywell Technologies, the continuing pure-play automation company, is the better guide to the go-forward business: Q2 adjusted EPS was $1.95 and segment margin was 19.0%.

  2. Did guidance improve?

    Partly. Segment margin guidance rose to 20.1%-20.5% (from 19.8%-20.3%), adjusted EPS guidance rose to $8.05-$8.35 (from $7.90-$8.30), and organic growth guidance rose to 3%-4% (from 2%-3%). Sales guidance was lowered to $19.8B-$20.0B from $19.9B-$20.2B, partly reflecting the pending PSS and WWS divestitures, which are expected to close by early August.

  3. What should investors watch on the balance sheet and cash flow?

    Cash and equivalents fell to $8.8 billion from $12.5 billion at year-end 2025, and debt maturities are rising, with current maturities of long-term debt at $5.3 billion. Divestiture-related costs of $820 million in the quarter, and $1.1 billion year to date, are a material drag on GAAP results and cash. Management still expects about $2.0 billion of free cash flow for 2026.

  4. What is the outlook for the businesses?

    Management expects second-half organic growth of 4%-6% for Honeywell Technologies, supported by strong orders in Building Automation (data centers, hospitality) and Process Automation (LNG). Industrial Automation is improving in solutions, utilities, and warehouse backlog conversion. Guidance includes the Johnson Matthey Catalyst Technologies acquisition, which closed July 17, 2026.

04—Continue

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