RESIDEO TECHNOLOGIES, INC. (REZI) Form 10-Q — Aug 12, 2026
Resideo Technologies reported Q2 2026 revenue of $1.98 billion, up 2.0% year over year, with gross margin of 30.0% and diluted EPS of $0.51 versus a prior-year loss of $(5.59) that was driven by an $882 million Honeywell indemnification charge. Net income was $97 million, but income from operations fell to $131 million from $177 million on restructuring, spin-related separation costs, and interest expense that nearly doubled. The headline event is the completed spin-off of ADI Global Distribution on August 3, 2026: ADIG is now an independent NYSE-listed company, Resideo retains no ownership, and ADI had contributed 64% of consolidated revenue.
Key figures
- Eps
- 0.51
- Revenue
- 1981
- Guidance
- 2026 revenue outlook: growth in the low-to-mid-single-digits range year-over-year; no material tariff impact expected; continued slowdown at a large OEM security customer in H2 2026
- Net Income
- 97
- Total Debt
- 3622
- Revenue Yoy
- Q2 2026 +2.0% YoY; six months +4.8% YoY ($3,893M vs $3,713M)
- Total Assets
- 8781
- Cash Position
- 549
- Shares Outstanding
- 151847378
- Gross margin q2
- 30.0% (vs 29.3% prior year, includes 140 bps tariff-refund benefit)
- Debt repaid post spin
- $518M (Feb 2028 tranche) + $382M (Jun 2031 tranche); ~$200M more expected by end of Q3
- Effective tax rate q2
- 41.6% (vs (11.8)% prior year)
- Interest expense net q2
- 46
- Adi revenue contribution
- 64% of consolidated revenue (six months 2026 and FY2025)
- Adig dividend to resideo
- 900
- Business separation costs
- $31M Q2 / $55M six months
- Income from operations q2
- 131
- Restructuring expenses q2
- 22
- Preferred conversion price
- adjusted to $18.844 from $26.92; 350,000 preferred shares outstanding post-spin
- Interest expense yoy change
- +91.7% on ~$1.2B added debt from Indemnification Agreement settlement
- Litigation settlement charge
- $24M settled ($19M charged in Q1 2026)
- Six month operating cash flow
- 3
- Remaining buyback authorization
- 108
- Tax matters termination payment
- ~$12M paid to Honeywell June 2026
- Deferred tax asset derecognition
- 44
- Tax matters other income benefit
- 77
- Six month operating cash flow prior year
- 135
Price after filing
Close on the filing date to close N calendar days later (from $24.21). Historical, not a forecast.
AI analysis
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