HONEYWELL INTERNATIONAL INC (HON) Form 10-Q — Oct 22, 2026
Honeywell Technologies' Q3 2026 10-Q is its first report as a pure-play automation company following the June 29, 2026 spin-off of Honeywell Aerospace (now trading as HONA), which is reflected in discontinued operations. The company also completed a one-for-two reverse stock split and deconsolidated Quantinuum after its June 4, 2026 IPO, recognizing a $6.6 billion gain. Q3 continuing-ops net sales rose 1% to $4,994 million and diluted continuing-ops EPS fell to $2.40 from $2.99 a year ago, while YTD net income of $7,167 million was inflated by the Quantinuum gain. Segment profit rose to $1,062 million in Q3 from $866 million, led by Building Automation and Process Automation and Technology.
Key figures
- Eps
- Q3 diluted: $2.40 continuing ops, $2.08 total; YTD diluted: $19.19 continuing ops, $22.46 total
- Revenue
- 4994000000
- Net Income
- Q3 net income attributable $664M (vs $1,825M prior year); YTD $7,167M
- Total Debt
- Long-term debt $10,386M plus current maturities $3,783M plus commercial paper $2,424M as of September 30, 2026
- Revenue Yoy
- Q3 +1%; YTD +2%
- Total Assets
- 53098000000
- Cash Position
- 5694000000
- Shares Outstanding
- 317358518
- Pss sale usd
- 1370000000
- Wws sale usd
- 157000000
- Reverse split ratio
- 1-for-2
- Segment profit q3 usd
- 1062000000
- Quantinuum carrying value usd
- 7113000000
- Quantinuum equity method stake
- 48%
- Loss on debt extinguishment usd
- 241000000
- Quantinuum deconsolidation gain usd
- 6629000000
- Remaining performance obligations usd
- 18798000000
- Trademark license income aerospace usd
- 1125000000 over ~5 years
- Impairment assets held for sale ytd usd
- 311000000
- Johnson matthey catalyst acquisition usd
- 1743000000
- Aerospace spinoff derecognized assets usd
- 21900000000
- Aerospace spinoff derecognized liabilities usd
- 24900000000
AI analysis
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