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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Fortune 500 multinational Honeywell Corporation expanded its relationship with Equinix, Inc. because of the secure, flexible solutions and global Fabric connectivity we provide, including for key metros such as Shanghai, Tokyo, and London.”
Honeywell expanded its Equinix footprint to support integration of internal AI applications, indicating Honeywell is investing in enterprise AI infrastructure.
“if we start with Fire, and since you mentioned Honeywell, they've done, I think from what I understand, a very nice job on the product portfolio over many, many years.”
JCI's CEO credits Honeywell with a strong fire-detection product portfolio built over many years, implicitly acknowledging a competitive gap JCI intends to close.
“The aftermarket growth has been softer than other airframe peers like Collins and Honeywell over the last 6 quarters or so.”
An analyst notes TransDigm's commercial aftermarket growth has lagged airframe peer Honeywell over the past year and a half.
“Our first wave partners for these new platforms include Honeywell, IBM, and others.”
Honeywell is among the first-wave partners for Qualcomm's newly introduced AI on-prem appliance and inference suite targeting enterprise generative AI workloads.
“So everybody might be experiencing different things, right? So let me just talk about Lennox. So we have no shortage of 454B for our production. And we're obviously working with our suppliers, the two suppliers we have to make sure that we get appropriate fair pricing because some of them are impacted on tariffs. And any indirect impact of tariffs through that is already captured in our overall inflation number. What we have heard from our dealers and contractors is there is shortage of retail canisters. So these are the Worthington-made tanks that they carry in their truck for service and repairs. They're not enough of 454B of those. I think that's where the shortage is. It's kind of unrelated to the Honeywell announcement, which also impacts the retail, and there's just a shortage of that, purely driven by filling capacity and purely driven by availability of tanks.”
An analyst asked about Honeywell's steep R-454B refrigerant price increase; Lennox management clarified the retail-canister shortage is industry-wide and separate from Honeywell's move, and does not affect Lennox's own contracted refrigerant pricing.
“We successfully completed the $1.8 billion sale of our LNG, process technology and equipment business to Honeywell at the end of September.”
Air Products closed the $1.8 billion divestiture of its LNG process technology and equipment business to Honeywell at the end of September 2024, adding that business line to Honeywell going forward.
“following a settlement of all Flexjet-related litigation matters, we made a one-time cash payment of $177 million in the first quarter”
Honeywell settled all Flexjet-related litigation with a one-time $177 million cash payment.
“does not incorporate the pending acquisition of Johnson and Marty's Catalyst Technologies business.”
Honeywell has a pending acquisition of Johnson Matthey's Catalyst Technologies business, not yet reflected in guidance.
“Close collaborative share owners as Quanta, NVIDIA, JPMorgan, Amgen, and Mitsui have led to new commercial partnerships that are supporting the development of critical applications for improving drug discovery, cybersecurity, and encryption for large financial institutions.”
Mitsui is a shareowner and commercial partner of Honeywell's Quantinuum quantum-computing business.
“Close collaborative share owners as Quanta, NVIDIA, JPMorgan, Amgen, and Mitsui have led to new commercial partnerships that are supporting the development of critical applications for improving drug discovery, cybersecurity, and encryption for large financial institutions.”
Amgen is a shareowner and commercial partner of Honeywell's Quantinuum, applying quantum computing to drug discovery.
“Close collaborative share owners as Quanta, NVIDIA, JPMorgan, Amgen, and Mitsui have led to new commercial partnerships that are supporting the development of critical applications for improving drug discovery, cybersecurity, and encryption for large financial institutions.”
JPMorgan is a shareowner and commercial partner of Honeywell's Quantinuum, developing encryption applications for financial institutions.
“Quantum also announced a partnership to integrate Helios with NVIDIA's AI supercomputing technology to create powerful new architecture that can solve the world's most pressing challenges.”
Honeywell's Quantinuum partnered with NVIDIA to integrate its Helios quantum computer with NVIDIA AI supercomputing.
“We exited the year with a sales growth of 6% excluding the impact of the 2024 Bombardier agreement, which demonstrates the outcome of our portfolio actions and our emerging focus on innovation stemming from continued investment in R&D.”
Honeywell references its 2024 aerospace agreement with Bombardier as a comparison item affecting reported growth.
“our partnership with LS ELECTRIC on which we want to work more joint solution between electrical system and control system”
Honeywell partners with LS Electric to jointly develop electrical-plus-control solutions, targeting data-center building-automation demand.
“uplift from the LNG and Sundyne acquisitions”
Acquired Sundyne is cited as margin-accretive within Energy and Sustainability Solutions, indicating the deal is performing well post-close.
“the CAES acquisition, which was acting as a headwind for our margins in 2025 would not be a factor. In fact, it will be a tailwind.”
Integration of acquired CAES pressured Aerospace margins in 2025 but is expected to turn to a tailwind in 2026 as integration costs subside.
“the collaboration with new shareholders such as Quanta and NVIDIA in addition to others like JPMorgan, Amgen and Mitsui may prove even more critical.”
NVIDIA is named among new Quantinuum investors/collaborators, tying NVIDIA into Honeywell's quantum-computing effort on applications like drug discovery and encryption.
“Gulfstream recently announced that Honeywell's engines and avionics will power its new super midsized G300 business jet platform, which will offer superior range, efficiency and safety to current comparable aircraft.”
Honeywell won engine and avionics content on Gulfstream's (General Dynamics) new G300 business jet, a positive OEM platform win.
Honeywell closed fiscal 2025 with Q4 organic sales growth of 6% ex-Bombardier and adjusted EPS of $2.90, up 17% year-over-year, once again exceeding guidance as record orders and backlog provided strong momentum into 2026. The Aerospace spin was accelerated to Q3 2026 with leadership named, and the PSS and Warehouse sale simplified the portfolio to three focused end markets. Management introduced 2026 EPS guidance of $10.35-$10.65, up 6-9% year-over-year, anchored by record backlog exceeding $37 billion and the Quantinuum confidential IPO filing.
Demand | Margin | Capital Allocation | Supply Chain | Competitive Dynamics | Pricing | Revenue Growth | Innovation & R&D | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 3 | 7 | 2 | 1 | 1 | ||
| 2025Q1 | 10 | 3 | 3 | 3 | 1 | 4 | 1 | |
| 2025Q2 | 8 | 4 | 5 | 2 | 2 | 2 | 1 | 3 |
| 2025Q3 | 9 | 8 | 6 | 2 | 2 | 1 | 1 | 1 |
| 2025Q4 | 6 | 5 | 3 | 4 | 2 | 3 | 5 | |
| 2026Q1 | 9 | 4 | 1 | 6 | 1 | 2 | 6 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 3 | 10 | 8 | 9 | 6 | 9 |
| Margin | 3 | 3 | 4 | 8 | 5 | 4 |
| Capital Allocation | 7 | 3 | 5 | 6 | 3 | 1 |
| Supply Chain | 3 | 2 | 2 | 6 | ||
| Competitive Dynamics | 2 | 1 | 2 | 2 | 4 | 1 |
| Pricing | 1 | 4 | 2 | 1 | 2 | 2 |
| Revenue Growth | 1 | 1 | 1 | 3 | 6 | |
| Innovation & R&D | 1 | 3 | 1 | 5 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Nigel Coe | Wolfe Research | 12 (8%) |
| Chris Snyder | Morgan Stanley | 12 (8%) |
| Sheila Kahyaoglu | Jefferies | 12 (17%) |
| Julian Mitchell | Barclays | 12 (8%) |
| Andy Kaplowitz | Citigroup | 10 (0%) |
| Scott Davis | Melius Research | 10 (10%) |
| Steve Tusa | JPMorgan | 10 (20%) |
| Deane Dray | RBC Capital Markets | 10 (0%) |
| Joe Ritchie | Goldman Sachs | 9 (11%) |
| Andy Obin | Bank of America | 8 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Morgan Stanley | 1 | 12 (8%) |
| Jefferies | 1 | 12 (17%) |
| Barclays | 1 | 12 (8%) |
| Wolfe Research | 1 |
| 12 (8%) |
| JPMorgan | 1 | 10 (20%) |
| Citigroup | 1 | 10 (0%) |
| Melius Research | 1 | 10 (10%) |
| RBC Capital Markets | 1 | 10 (0%) |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
HON Honeywell International Inc. | 5 | -6.9% | |
| MMM 3M Company | 6 | +1.3% |