Honeywell International (HON) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 23, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

2.32

Last Year’s EPS

2.37

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 17 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Jan 29, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a constructive outlook: strong order growth (23%), record backlog, double-digit Q4 organic sales in key segments (aerospace and building automation), robust EPS and free cash flow performance, and clear 2026 guidance (3%–6% organic sales growth, 6%–9% EPS growth). Strategic progress — Solstice spin complete, aerospace spin targeted for Q3 2026, and QuantiNUM progress — supports long-term value creation. Offsetting risks include softness in petrochemical catalysts and short-cycle industrial automation (specific weakness in Europe and China), P&T near-term flatness, margin pressure from R&D/Quantinuum investments (~30 bps), one-time Q1 cash items ($177M), and execution/timing risks around conversion of long-cycle orders and the aerospace spin. Overall, the positives (order/backlog strength, margin trajectory, cash generation, and clear portfolio roadmap) outweigh the near-term operational and timing headwinds.

Company Guidance

Honeywell guided full-year 2026 sales of $38.8–$39.8 billion (3%–6% organic growth), adjusted EPS of $10.35–$10.65 (up 6%–9%), and segment margins of 22.7%–23.1% (up 20–60 bps), with free cash flow of $5.3–$5.6 billion (~14% cash margin, ~83% conversion at the high end / ~90% excluding noncash pension income); capital expenditures are expected to rise by roughly $250 million to support backlog, the tax rate is ~19%, average shares are expected to decline ~1% (adding ~$0.08 to EPS), and price is expected to contribute roughly 3%–3.5% (Q4 price was ~4 pts); Q1 guidance calls for 3%–5% organic sales growth, segment margin of 22.4%–22.6% and EPS growth of 2%–6%, and the company flagged a ~+$100 million increase in QuantiNUM/Continuum investment (about a ~30 bps margin headwind) while forecasting aerospace to grow high single digits, building automation above mid-single digits, P&T roughly flat, and industrial automation down low single digits to roughly flat, with backlog conversion and record backlog expected to drive second‑half strength.

Strong Order Growth and Record Backlog

Orders grew 23% organically in Q4, driving backlog to over $37 billion (backlog up 15% year over year to a new record), supporting conversion-driven revenue growth in 2026.

Fourth Quarter and Full-Year Revenue Growth

Q4 sales grew 11% organically (6% excluding the 2024 Bombardier agreement); full-year 2025 sales increased 7% organically (6% excluding Bombardier), exceeding the high end of original full-year guidance by two points.

Earnings and Cash Generation Outperformance

Q4 adjusted EPS was $2.90 (up 17% year over year, down 3% excluding Bombardier); full-year adjusted EPS was $9.78 (up 12% year over year, up 7% excluding Bombardier). Free cash flow was $2.5 billion in Q4 (up 48% year over year, up 13% excluding Bombardier) and $5.1 billion for the year (up 20%, up 7% excluding Bombardier).

Strong Segment Performance — Aerospace and Building Automation

Aerospace organic sales grew ~11% (excluding Bombardier) with Q4 aerospace adjusted segment margin at 26.5% (up 40 bps sequentially). Building Automation grew ~8% organic (solutions +9%, products +8%) with segment margin ~27% (up ~20 bps year over year).

Robust Profitability and Margin Expansion

Adjusted segment profit increased 23% in Q4 (2% excluding Bombardier) and full-year adjusted segment profit grew 11% (6% excluding Bombardier). Company expects 2026 segment margin expansion of 20–60 bps to 22.7%–23.1%.

Capital Allocation and Balance Sheet Actions

Returned $900 million to shareholders in Q4 (dividends + buybacks), repaid $2.3 billion of debt in Q4 and $3.8 billion for the full year, repurchased $3.8 billion (18M shares) in 2025, funded $2.2 billion of acquisitions and $1.0 billion of capex; 2026 plan emphasizes debt reduction ahead of separation.

Positive 2026 Financial Outlook

Full-year 2026 guidance: sales $38.8–$39.8 billion (organic growth 3%–6%), adjusted EPS $10.35–$10.65 (up 6%–9%), free cash flow $5.3–$5.6 billion (up 4%–10%), with continued margin expansion and ~3%+ pricing expected.

QuantiNUM/Continuum Progress and Strategic Investment

Continuum raised $840 million at a $10 billion pre-money valuation; launched Helios (near-double qubit count and high fidelity) and announced integration with NVIDIA. Honeywell is increasing Quantinuum-related investment by roughly $100 million year-over-year to accelerate commercialization.

Portfolio Simplification Milestones

Solstice Advanced Materials spin completed in Oct 2025; aerospace spin targeted for Q3 2026 with leadership and board announced; plan to pursue sale of productivity solutions & services and warehouse & workflow solutions in 2026 to simplify the company into clearer end-market focuses.

Honeywell International (HON) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HON Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2026	2026 (Q1)	2.31 / -	2.365	―	―	―
Jan 29, 2026	2025 (Q4)	2.54 / 2.59	2.327	11.30% (+0.26)
Oct 23, 2025	2025 (Q3)	2.44 / 2.66	2.431	9.30% (+0.23)
Jul 24, 2025	2025 (Q2)	2.50 / 2.59	2.346	10.44% (+0.25)
Apr 29, 2025	2025 (Q1)	2.08 / 2.37	2.12	11.56% (+0.25)
Feb 06, 2025	2024 (Q4)	2.19 / 2.33	2.45	-5.02% (-0.12)
Oct 24, 2024	2024 (Q3)	2.36 / 2.43	2.139	13.65% (+0.29)
Jul 25, 2024	2024 (Q2)	2.28 / 2.35	2.101	11.66% (+0.25)
Apr 25, 2024	2024 (Q1)	2.05 / 2.12	1.95	8.72% (+0.17)
Feb 01, 2024	2023 (Q4)	2.44 / 2.45	2.374	3.20% (+0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HON Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 29, 2026	$216.64	$227.24	+4.89%
Oct 23, 2025	$193.50	$206.67	+6.81%
Jul 24, 2025	$222.93	$209.15	-6.18%
Apr 29, 2025	$186.00	$196.04	+5.40%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.