Honeywell reaffirmed its 2026 guidance with sales of $38.8 billion to $39.8 billion, organic growth of 3%–6%, adjusted EPS of $10.35–$10.65 and free cash flow of $5.3 billion–$5.6 billion. It also projected post-spin Honeywell Technologies sales of $19.9 billion–$20.2 billion, 22%–28% EPS growth and about $2.0 billion free cash flow.
Honeywell confirmed its full-year 2026 targets of $38.8 billion to $39.8 billion in sales with 3%–6% organic growth, segment margins of 22.7%–23.1% (20–60 bps expansion) and adjusted EPS of $10.35–$10.65, a 6%–9% increase. It expects operating cash flow of $4.7 billion–$5.0 billion and free cash flow of $5.3 billion–$5.6 billion (4%–10% growth).
The planned spin-off of Honeywell Aerospace is set for June 29, 2026. Management will discuss the latest guidance during a conference call at 8:30 a.m. Eastern on June 8, followed by an Investor Day presentation in New York City on June 11, where strategic priorities and post-spin metrics will be outlined.
Post spin-off, the remaining Honeywell Technologies business expects 2026 sales of $19.9 billion to $20.2 billion with 2%–3% organic growth and segment margins of 19.8%–20.3% (220–270 bps expansion). Adjusted EPS is targeted at $3.95–$4.15 (22%–28% growth) with approximately $2.0 billion in free cash flow. This outlook reflects upcoming divestitures of Productivity Solutions and Warehouse units, inclusion of the Johnson Matthey Catalyst acquisition and removal of overfunded pension income and Quantinuum results.
