HON earnings release — EPS $1.95 vs $1.80 est · revenue $9.7B vs $5.0B est · gross margin 37.6% · operating margin 17.9%霍尼韦尔 (HON) 财报快讯 — EPS $1.95 vs $1.80 预期 · 营收 $9.7B vs $5.0B 预期 · 毛利率 37.6% · 经营利润率 17.9%
English Version
Earnings Release Details
Honeywell Technologies (NASDAQ: HON) released its second quarter 2026 earnings results at 6:00 a.m. ET on July 23, 2026, via a Business Wire press release and an SEC Form 8-K filing. This marks the first quarterly report following the June 29, 2026 spin-off of its legacy Aerospace segment, with the quarter’s results including the segment’s final operational data.
Actual vs. Consensus Results
Adjusted diluted EPS came in at $1.95, 8.3% above the consensus estimate of $1.80. Total revenue hit $9.7 billion, a 93.6% beat over the consensus forecast of $5.0 billion. This follows Q1 2026 results where EPS beat market expectations but revenue missed forecasts.
Earnings Quality Analysis
Gross margin reached 37.6%, operating margin hit 17.9%, with operating income growing 5.3% year-over-year. GAAP diluted EPS was $17.81, with a net margin of 58.5%. Operating cash flow totaled $1.3 billion, capital expenditures were $315 million, and free cash flow came in at $961 million. As of quarter end, the company held $8.8 billion in cash, $28.7 billion in total debt, and $20.0 billion in net debt.
Forward Guidance
The published press release excerpt does not include formal quarterly or full-year forward guidance, only noting that order volume rose 4% year-over-year and the company’s backlog totaled approximately $38 billion.
Independent Contextual Signals
On July 20, 2026, three days before the earnings release, several senior executives completed in-kind stock transfers: CEO Kapur Vimal, Building Automation President Billal Hammoud, Process Technologies President Kenneth J. West, and CFO Michal Stepniak all received F-InKind stock grants, with no open-market stock purchases or sales reported. As of December 31, 2025, institutional investors held 86.1% of HON’s floating shares, with 2,734 institutional holders and total institutional holdings valued at $106.7 billion.
Follow-Up Markers
Investors should monitor three key upcoming disclosures: 1) The Q2 2026 Form 10-Q filing, which will provide detailed segment-level financials for the post-spin-off company; 2) The official earnings call transcript, which will offer color on the massive revenue beat relative to consensus estimates; 3) Revised consensus analyst estimates to explain the wide gap between prior forecasts and actual Q2 revenue.
简体中文版本
本次财报发布
霍尼韦尔技术公司（纳斯达克代码：HON）于2026年7月23日美国东部时间上午6:00，通过Business Wire及SEC Form 8-K文件发布2026年第二季度财报。本季度为该公司完成原航空航天部门分拆（6月29日完成）后的首份季度业绩报告，财报包含原航空航天部门的当期运营数据。
实际业绩与市场预期对比
调整后每股收益（EPS）为1.95美元，较市场共识预期的1.80美元高出8.3%，超出预期；总营收达97亿美元，远高于市场共识预期的50亿美元，超出幅度达93.6%。这是该公司连续第二个季度实现EPS超出预期，2026年第一季度EPS为2.58美元，高于共识预期的2.43美元，但当时营收未达市场预期。
财报质量分析
本季度毛利率为37.6%，营业利润率为17.9%，营业收入同比增长5.3%；GAAP摊薄每股收益为17.81美元，净利润率达58.5%。经营现金流为13亿美元，资本支出为3.15亿美元，自由现金流为9.61亿美元。期末现金及现金等价物为88亿美元，总债务为287亿美元，净债务为200亿美元。
前瞻性指引
已发布的财报摘录未披露明确的季度或全年营收、EPS前瞻性指引，仅提及订单同比增长4%，未完成订单总额约380亿美元。
独立背景参考
2026年7月20日，即财报发布前3天，公司多名高管完成实物股票赠予交易：首席执行官Kapur Vimal、建筑自动化部门总裁Hammoud Billal、过程技术部门总裁West Kenneth J及首席财务官Stepniak Michal均获得F-InKind股票赠予，未进行公开市场股票买卖。截至2025年底，HON流通股的86.1%由机构持有，共2734家机构持仓，总持仓规模达1067亿美元。
后续关注要点
投资者需等待以下信息以进一步验证本季度业绩质量：1）2026年第二季度Form 10-Q文件，以获取分拆后各独立部门的详细财务数据；2）财报电话会议实录，以了解营收大幅超出预期的具体驱动因素；3）市场共识营收预期的官方修正说明，解释本次共识与实际营收的巨大差距。
This analysis was generated by InvestLog AI based on SEC filings, Form 4 insider transactions, Form 144 planned-sale notices, 13F institutional holdings, analyst ratings, and market data. It is for informational purposes only and does not constitute investment advice.这篇研究由 InvestLog AI 基于 SEC 披露、Form 4 内部人交易、Form 144 计划减持、13F 机构持仓、分析师评级和市场数据生成。内容仅供参考，不构成投资建议。