Honeywell updates its full-year 2026 adjusted EPS guidance to $7.90 to $8.30 and raises second-half guidance to $4.40 to $4.70, driven by a one-for-two reverse stock split rather than improved business results.

The full-year adjusted EPS target increases to $7.90 to $8.30, up from prior guidance of roughly $3.95 to $4.15.

Guidance changes reflect revised weighted-average diluted shares and adjusted EPS for 2026, with revisions across sales, organic growth, margins, expansion, and cash flow metrics.

Sales and segment margin targets for both the full year and the second half remain unchanged.

Two disposals are pending—the sale of Productivity Solutions and Services and the sale of Warehouse and Workflow Solutions—with closings expected in the second half of 2026, leaving a leaner portfolio.

Investors will first see Honeywell Technologies’ standalone results on July 23, reflecting performance without the aerospace business.

Honeywell retains a significant stake in Quantinuum, a trapped-ion quantum computing company, with a $1.68 billion IPO valuation providing meaningful paper value outside the automation guidance.

The reverse split is intended to preserve meaningful share price after the aerospace spin-off and does not change total value for existing holders.

Honeywell Aerospace becomes a standalone company trading as HONA on Nasdaq, while Honeywell Technologies retains HON and focuses on automation, building controls, and process technology.

Non-GAAP measures and reconciliation caveats are provided, defining segment profit, adjusted margins, and noting spin-off impacts; forward-looking statements include risk factors.

Full-year 2026 sales guidance remains $19.9 billion to $20.2 billion with 2% to 3% organic growth; second-half sales guidance stays at $10.1 billion to $10.3 billion, and overall operating outlook remains steady with similar free cash flow expectations.

Segment margin guidance is updated to 19.8% to 20.3% for both periods, with second-half expansion of 310 to 380 basis points and second-half organic growth seen at 3% to 5%.