At the archive date, HONEYWELL INTERNATIONAL INC was expected to release its Q3 2026 10-Q filing on October 21, 2026. Last quarter: Honeywell's Q2 FY2026 net income surged 262% YoY to $5.68B, driven primarily by a $6.63B gain on the Quantinuum IPO/deconsolidation, while core operating results grew modestly (revenue +4.3%, operating income +5.3%) amid the completed Aerospace Spin-Off and one-for-two reverse stock split.
Analyst consensus captured from Finnhub and Financial Modeling Prep. This archived preview is no longer updated with later results; see the HON page for retained reports.
What to Watch in Q3 2026
Drawn from management commentary in the Q2 2026 10-Q:
Quantinuum Deconsolidation Drove Massive One-Time Gain
On June 4, 2026, Quantinuum completed its IPO, and Honeywell retained a 48% noncontrolling equity-method interest, resulting in a $6,629 million gain on deconsolidation of subsidiary recorded in Q2 2026, which was the primary driver of the 261.9% YoY jump in net income. This was partially offset by a $265 million equity loss related to Quantinuum post-deconsolidation.
On June 29, 2026, Honeywell completed the Aerospace Spin-Off, distributing one share of Honeywell Aerospace common stock for every two shares of Honeywell Technologies held; beginning Q3 2026, Aerospace Technologies results will be reported as discontinued operations. The company also effected a one-for-two reverse stock split concurrent with the spin-off, with all share and EPS figures retrospectively adjusted.
Gross Margin Compressed 170 Basis Points
Q2 2026 gross margin percentage decreased 170 basis points to 37.6% versus 39.3% in Q2 2025, driven by higher direct/indirect material costs and higher labor costs that outpaced revenue growth from pricing actions.