The strong Q2 beat and initiation of a standalone outlook are positive catalysts, but the stock's historical negative drift on prior reports and the recent S-3ASR shelf filing suggest caution. Monitor the Q3 standalone results for confirmation of the post-spin-off trajectory and watch for any equity issuance under the shelf.
Price Chart
Executive Summary
Resideo reported record Q2 2026 revenue of $1.981B (+2% YoY) and record Adjusted EBITDA of $249M (+19% YoY), both above the high-end of guidance. GAAP net income swung to $97M from a -$825M loss in Q2 2025, driven by the termination of the Honeywell Tax Matters Agreement and absence of the Indemnification Agreement expense. The company completed the ADI spin-off on August 3, 2026, and initiated a standalone 2026 outlook. A new CFO, Shane Harrison, was appointed effective September 1, 2026. The results are strong, but the stock's historical negative drift on prior reports and the recent S-3ASR shelf filing warrant caution on the near-term reaction.
Key Financial Metrics
Key Facts
- Record Q2 2026 revenue of $1.981B, up 2% YoY and above the high-end of the outlook range.
- Record Q2 2026 Adjusted EBITDA of $249M, up 19% YoY and above the high-end of the outlook range.
- GAAP net income of $97M vs a net loss of $825M in Q2 2025, primarily due to the termination of the Honeywell Tax Matters Agreement and the absence of the Indemnification Agreement expense.
- Completed the ADI Global Distribution spin-off on August 3, 2026, receiving a $900M dividend from ADIG and repaying $900M of Term Loan B debt.
- Initiated standalone 2026 outlook: Q3 revenue $705-730M, full-year revenue $2.9-2.95B; Q3 Adjusted EBITDA $145-155M, full-year $605-625M.
- Appointed Shane Harrison as new CFO, effective September 1, 2026, with an initial equity award of $2M and a $400K cash sign-on bonus.
- Products & Solutions segment revenue grew 4% YoY to $695M with record gross margin of 43.6%.
Financial Impact
Record revenue and Adjusted EBITDA, with a $900M debt paydown post spin-off. Standalone 2026 outlook implies ~$2.9B revenue and ~$615M Adjusted EBITDA.
Risk Factors
- Execution risk on standalone business post-ADI spin-off, including potential for higher corporate costs.
- Uncertainty around tariff impacts and the continued soft U.S. residential housing market affecting the ADI business (now a separate entity).
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001740332-26-000022 |
| Document: 0001740332-26-000022-index.html | 0001740332-26-000022 |
| Document: 0001740332-26-000022.txt | 0001740332-26-000022 |
| 8-K Data (Synthetic) | 0001740332-26-000022 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 5d ago | Press Release | $17.48 | awaiting T+1 | — | $18.10 (+3.58%) |
Oct 8, 2026 17d ago | SC 13G/A | $17.20 $17.07 | ▲ +0.76% | ▲ +1.36% | $18.10 (−5.26%) |
Sep 3, 2026 7w ago | 3 | $19.53 $19.88 | ▲ +1.79% | ▲ +2.18% | $18.10 (−7.30%) |
Aug 18, 2026 9w ago | Insider Cluster | $21.02 $21.54 | ▲ +2.47% | ▲ +2.26% | $18.10 (−13.87%) |
Aug 17, 2026 10w ago | Insider Cluster | $20.64 $21.02 | ▲ +1.84% | ▲ +2.52% | $18.10 (−12.28%) |
Aug 12, 2026 10w ago | 8-K | $20.46 $20.50 | ▲ +0.20% | ▲ +0.39% | $18.10 (−11.51%) |
Aug 7, 2026 11w ago | S-3ASR | $24.21 $24.24 | ▲ +0.12% | ▲ +0.44% | $18.10 (−25.22%) |
Aug 4, 2026 11w ago | 8-K | $26.17 $26.24 | ▲ +0.27% | ▲ +0.47% | $18.10 (−30.82%) |
Jul 13, 2026 15w ago | 8-K | $35.40 $36.86 | ▲ +4.12% | ▲ +3.77% | $18.10 (−48.86%) |
Jun 24, 2026 17w ago | 8-K | $32.34 $30.96 | ▼ −4.27% | ▼ −3.54% | $18.10 (−44.02%) |
US Market Status
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