Loading
Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Chris Snyder | Morgan Stanley | 14 (7%) |
| Nigel Coe | Wolfe Research | 14 (7%) |
| Scott Davis | Melius Research | 12 (8%) |
| Sheila Kahyaoglu | Jefferies | 12 (17%) |
| Julian Mitchell | Barclays | 12 (8%) |
| Andy Kaplowitz | Citigroup | 12 (0%) |
| Deane Dray | RBC Capital Markets | 12 (0%) |
| Joe Ritchie | Goldman Sachs | 11 (9%) |
| Andrew Obin | Bank of America | 10 (0%) |
| Steve Tusa | JPMorgan | 10 (20%) |
| 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 | 14 (7%) |
| Wolfe Research | 1 | 14 (7%) |
| RBC Capital Markets | 1 | 12 (0%) |
| Barclays | 1 |
| 12 (8%) |
| Citigroup | 1 | 12 (0%) |
| Melius Research | 1 | 12 (8%) |
| Jefferies | 1 | 12 (17%) |
| Goldman Sachs | 1 | 11 (9%) |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $10.09B | +6.9% | $3.92 | +2.6% | 36.4% | 18.2% | 12.7% | $2.18B |
| FY2025 Q1 | $9.82B | +7.9% | $4.44 | -0.4% | 38.5% | 20.2% | 14.8% | $346M |
| FY2025 Q2 | $10.35B | +8.1% | $4.90 | +3.8% | 38.9% | 20.4% | 15.2% | $955M |
| FY2025 Q3 | $10.41B | +7.0% | $5.72 | +32.4% | 34.1% | 16.9% | 17.5% | $2.91B |
| FY2025 Q4 | $6.86B | -32.0% | $0.92 | -76.5% | 36.1% | 10.4% | -1.7% | $1.12B |
| FY2026 Q1 | $9.14B | -6.9% | $2.58 | -41.9% | 38.7% | 9.7% | 9.0% | $-873M |
| FY2026 Q2 | $9.72B | -6.1% | $17.81 | +263.5% | 37.6% | 17.9% | 58.5% | $98M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Honeywell delivered Q1 organic sales growth of 2% with adjusted EPS of $2.45, up 11% year-over-year, as margin expansion of 90 basis points to over 23% compensated for below-trend revenue growth caused by temporary aerospace supply chain constraints and Middle East conflict disruptions. Building Automation delivered its eighth straight quarter of strong growth, and process technology orders surged on LNG and refining wins. Management maintained full-year organic growth guidance of 3-6% and confirmed the Aerospace spinoff remained on track for June 29 completion.
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 |
What HON and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Two business jet OEMs have called out supply chain issues, Honeywell more publicly.”
An analyst notes Honeywell has publicly flagged supply-chain issues affecting business-jet production, a negative read-through for Honeywell as a key aerospace systems supplier.
“next decade's Rio Grande LNG project in Texas through an agreement with Bechtel”
Honeywell is providing LNG pretreatment and liquefaction solutions for the Rio Grande LNG project via an agreement with Bechtel, the EPC contractor.
“selected Honeywell to supply advanced technology services, proprietary catalyst and equipment to help double production capacity at Africa's largest refinery in Nigeria”
Dangote is a major Honeywell UOP customer, licensing Oleflex and petrochemical technology plus connected services to roughly double capacity at Africa's largest refinery.
“We amended an agreement to acquire Johnson Matthey”
Honeywell amended its agreement to acquire Johnson Matthey's Catalyst Technologies business, adjusting consideration and extending the close to end of July.
“we signed an agreement to sell Productivity Solutions and Services to Brady Corporation”
Brady Corporation is acquiring Honeywell's Productivity Solutions and Services business in an all-cash divestiture expected to close in 2H 2026.
“delivering strong investment-grade credit rating of A3, A- and BBB+ with a positive outlook from Moody's, Fitch and S&P, respectively”
S&P assigned Honeywell a BBB+ investment-grade rating with a positive outlook on its $20B Aerospace spin financing.
“delivering strong investment-grade credit rating of A3, A- and BBB+ with a positive outlook from Moody's, Fitch and S&P, respectively”
Moody's assigned Honeywell an A3 investment-grade rating with a positive outlook on its $20B Aerospace spin financing.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
HON Honeywell International Inc. | 5 | -6.9% | |
| MMM 3M Company | 6 | +1.3% |