Honeywell Aerospace Q3 FY2026: profit beat, raised EPS and cash outlook
Honeywell Aerospace beat on profit and nudged full-year earnings and cash guidance higher in its first quarter as a standalone company. Sales rose 2.0% to $4.64 billion, adjusted EPS of $2.21 cleared the $1.90 consensus, and the board declared a $0.40 quarterly dividend. Read the scorecard for the quality of the beat, then the balance sheet for the debt and negative equity that arrived with the spin.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $2.29 included $0.18 per share of pension income, and adjusted EPS of $2.21 strips that out while still beating the $1.90 consensus. Net income attributable to Aerospace was $726 million, up 13.0% from $644 million. Adjusted EBIT of $1.16 billion rose just 1.0% and included roughly a $50 million tariff refund, so the operating improvement was thinner than the earnings-per-share beat suggests.
Sales rose 2.0% to $4.64 billion from $4.53 billion a year earlier, led by commercial original equipment at $690 million, up 7.0%. Backlog ended at $19.32 billion, up 12.0%, and trailing twelve-month orders grew 9.0%, so the demand line looks healthier than the sales line. The drag is visible: commercial aftermarket grew only 2.0% to $2.13 billion and Control Systems was flat at $1.35 billion, both tied to mechanical supplier constraints.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.