The strong beat and raised guidance across EPS, revenue, and FCF, combined with the completed Aerospace spin-off, signal accelerating operational momentum. Traders should watch for continued organic growth execution and margin expansion in Q4, with the stock likely to re-rate higher as the pure-play automation thesis gains traction.
Price Chart
Executive Summary
Honeywell Technologies (HON) reported Q3 2026 adjusted EPS of $2.27, a 34% YoY increase, on sales of $5.0B (+7% organic). The company raised its full-year 2026 guidance for organic revenue, adjusted EPS ($8.40-$8.45), and free cash flow ($2.1B), citing strong momentum across all three segments. The separation from Honeywell Aerospace is complete, and the company is now a pure-play automation company.
Key Financial Metrics
Key Facts
- Q3 2026 adjusted EPS of $2.27, up 34% YoY, beating consensus of $2.17
- Q3 2026 sales of $5.0B, up 1% reported and 7% organic YoY
- Segment margin expanded 370 bps to 21.3%
- Full-year 2026 adjusted EPS guidance raised to $8.40-$8.45 (from $8.05-$8.35)
- Full-year 2026 organic sales growth guidance raised to 4%-5% (from 3%-4%)
- Free cash flow guidance raised to $2.1B (from $2.0B)
- Backlog increased 7% YoY to nearly $19B, excluding divestitures
- Company completed separation from Honeywell Aerospace, becoming a pure-play automation company
Financial Impact
Adjusted EPS beat consensus by 4.6% ($2.27 vs $2.17). Guidance raised by $0.23 at the midpoint. Free cash flow guidance raised by $100M.
Risk Factors
- Reported revenue declined 23% in Industrial Automation segment due to divestitures, though organic growth was 4%
- Process Automation and Technology segment margin contracted 210 bps due to project mix and acquisition dilution
- Operating cash flow declined 74% YoY due to prior-year one-time gain from Resideo termination agreement
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000773840-26-000141 |
| Document: hon-20261022.htm | 0000773840-26-000141 |
| Document: 0000773840-26-000141-index-headers.html | 0000773840-26-000141 |
| Document: 0000773840-26-000141-index.html | 0000773840-26-000141 |
| Document: 0000773840-26-000141.txt | 0000773840-26-000141 |
| 8-K Data (Synthetic) | 0000773840-26-000141 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Insider Cluster | $219.98 | awaiting T+60 | — | $218.81 (−0.53%) |
Oct 26, 2026 1d ago | 144 | $219.28 | awaiting T+60 | — | $218.81 (−0.21%) |
Oct 26, 2026 1d ago | 144 | $219.28 | awaiting T+60 | — | $218.81 (−0.21%) |
Oct 22, 2026 5d ago | 8-K | $218.31 | awaiting T+60 | — | $218.81 (+0.23%) |
Oct 20, 2026 7d ago | Institutional Cluster | $214.73 | awaiting T+60 | — | $218.81 (+1.90%) |
Aug 26, 2026 8w ago | GOVT-CONTRACT | $220.39 | awaiting T+60 | — | $218.81 (−0.72%) |
Aug 26, 2026 8w ago | Court Ruling | $220.39 | awaiting T+60 | — | $218.81 (−0.72%) |
Aug 19, 2026 9w ago | 8-K | $221.73 | awaiting T+60 | — | $218.81 (−1.32%) |
Jul 28, 2026 13w ago | GOVT-CONTRACT | $241.12 $218.31 | ▼ −9.46% | ▼ −14.19% | $218.81 (−9.25%) |
Jul 18, 2026 14w ago | Institutional Cluster | $226.18 $207.29 | ▲ +8.35% | ▲ +13.19% | $218.81 (+3.26%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers