The beat on both revenue and Adjusted EPS vs consensus, combined with reaffirmed full-year guidance and a Q2 outlook above current run-rate, supports a positive near-term bias. However, negative operating cash flow and elevated debt ($3.23B) warrant monitoring. The ADI spin-off progress is a key catalyst for H2 2026.
Price Chart
Executive Summary
Resideo reported Q1 2026 net revenue of $1.912B, up 8% YoY and above the high-end of its outlook, with GAAP diluted EPS of $0.17 and Adjusted EPS of $0.65, which also exceeded the high-end of guidance. The company reaffirmed its full-year 2026 outlook and initiated Q2 2026 guidance, while operating cash flow was negative $145M due to business separation costs and working capital dynamics.
Key Financial Metrics
Key Facts
- Net revenue of $1.912B, up 8% YoY from $1.770B, above high-end of outlook
- GAAP diluted EPS of $0.17 vs $0.02 loss in prior year; Adjusted EPS of $0.65 vs $0.63, above high-end of outlook
- Adjusted EBITDA of $215M, up 28% YoY from $168M, above high-end of outlook
- Products & Solutions segment revenue up 9% to $706M; ADI segment revenue up 8% to $1.206B
- Cash used by operations was $145M vs $65M in prior year, driven by separation activities and working capital
- Company reaffirms full-year 2026 outlook; initiates Q2 2026 guidance with revenue $1.916B-$1.940B and Adjusted EPS $0.71-$0.75
- Total debt of $3.23B; cash and equivalents of $438M at quarter end
Financial Impact
Revenue beat consensus by ~2.2% ($1.912B vs $1.87B est); Adjusted EPS of $0.65 vs consensus $0.60 represents an ~8.3% beat
Risk Factors
- Negative operating cash flow of $145M driven by separation costs and working capital
- Total debt of $3.23B against $438M cash; leverage remains elevated
- ADI segment gross margin contracted 40bps YoY; segment EBITDA margin declined from 6.4% to 5.5%
- Execution risk around planned ADI spin-off and ongoing tariff/trade uncertainties
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001740332-26-000013 |
| Document: 0001740332-26-000013-index.html | 0001740332-26-000013 |
| Document: 0001740332-26-000013.txt | 0001740332-26-000013 |
| 8-K Data (Synthetic) | 0001740332-26-000013 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Press Release | $17.48 | awaiting T+1 | — | $17.83 (+2.00%) |
Oct 8, 2026 18d ago | SC 13G/A | $17.20 $17.07 | ▲ +0.76% | ▲ +1.36% | $17.83 (−3.66%) |
Sep 3, 2026 7w ago | 3 | $19.53 $19.88 | ▲ +1.79% | ▲ +2.18% | $17.83 (−8.70%) |
Aug 18, 2026 9w ago | Insider Cluster | $21.02 $21.54 | ▲ +2.47% | ▲ +2.26% | $17.83 (−15.18%) |
Aug 17, 2026 10w ago | Insider Cluster | $20.64 $21.02 | ▲ +1.84% | ▲ +2.52% | $17.83 (−13.61%) |
Aug 12, 2026 10w ago | 8-K | $20.46 $20.50 | ▲ +0.20% | ▲ +0.39% | $17.83 (−12.85%) |
Aug 7, 2026 11w ago | S-3ASR | $24.21 $24.24 | ▲ +0.12% | ▲ +0.44% | $17.83 (−26.35%) |
Aug 4, 2026 11w ago | 8-K | $26.17 $26.24 | ▲ +0.27% | ▲ +0.47% | $17.83 (−31.87%) |
Jul 13, 2026 15w ago | 8-K | $35.40 $36.86 | ▲ +4.12% | ▲ +3.77% | $17.83 (−49.63%) |
Jun 24, 2026 17w ago | 8-K | $32.34 $30.96 | ▼ −4.27% | ▼ −3.54% | $17.83 (−44.87%) |
US Market Status
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