Honeywell reaffirms 2026 guidance and issues Honeywell Technologies outlook
- Honeywell reaffirmed full-year 2026 sales of $38.8–$39.8 billion, organic growth 3%–6%, adjusted EPS $10.35–$10.65 and free cash flow $5.3–$5.6 billion.
- Honeywell Technologies (post spin) expects 2026 sales of $19.9–$20.2 billion, organic growth 2%–3%, adjusted EPS $3.95–$4.15 and ~ $2.0 billion free cash flow.
- The planned Honeywell Aerospace spin-off is expected to complete on June 29, 2026; the guidance framework excludes Aerospace results.
- Outlook assumes agreed divestitures of Productivity Solutions and Services and Warehouse and Workflow Solutions (expected to close by Q4) and includes estimated results for the Johnson Matthey Catalyst Technologies acquisition announced May 2025, expected to close in Q3.
2026 company-wide guidance
Honeywell reaffirmed full-year 2026 guidance: sales of $38.8–$39.8 billion with organic sales growth of 3%–6%; segment margin of 22.7%–23.1% (expansion of 20–60 basis points); adjusted EPS of $10.35–$10.65 (up 6%–9%); operating cash flow of $4.7–$5.0 billion; and free cash flow of $5.3–$5.6 billion (projected 4%–10% growth).
Honeywell Technologies preliminary outlook
Following the planned separation of Honeywell Aerospace, the remaining company to be named Honeywell Technologies provided a preliminary 2026 framework that excludes Aerospace results: sales of $19.9–$20.2 billion with organic growth of 2%–3%; segment margin of 19.8%–20.3% (expansion of 220–270 basis points); adjusted EPS of $3.95–$4.15 (up 22%–28%); and approximately $2.0 billion of free cash flow.
Spin-off, divestitures and acquisitions
The Aerospace spin-off is expected to be completed on June 29, 2026. The Honeywell Technologies outlook incorporates the impact of planned divestitures of Productivity Solutions and Services and Warehouse and Workflow Solutions, which the company said it has agreements to sell in the second quarter and expects to close by the fourth quarter. The outlook also includes estimated results for the Johnson Matthey Catalyst Technologies acquisition announced in May 2025 and expected to close in the third quarter. Management said it will change adjusted-result presentation by removing income from an overfunded pension liability and excluding consolidated Quantinuum results following its June 4 initial public offering.
Investor events and non-GAAP disclosures
Management will discuss the 2026 outlook on a conference call that precedes the company’s Investor Day on June 11, 2026; webcasts and presentation materials will be available via the investor relations site. The release relies on non-GAAP measures (adjusted sales, segment profit and margin, adjusted EPS, organic growth, free cash flow) and notes reconciliations are provided in the appendix.
Source: Honeywell
