Resideo's Q3 revenue rises driven by customer demand
REZI•Resideo's third-quarter revenue rose 3% year over year to $727 million, while standalone adjusted diluted EPS increased 8%. The company forecast fourth-quarter 2026 revenue of $710 million to $730 million and full-year revenue of $2.927 billion to $2.947 billion.
1. Quarterly results
Revenue excluding OEM Security rose 6% year over year, driven by customer demand and pricing across sales channels and product categories. OEM Security revenue fell 34% because of reduced volumes from a large customer, as expected. Gross margin was 40.4%, improving for the 14th consecutive quarter.
2. Outlook and debt
Resideo expects at least $165 million in cash provided by operating activities in 2026. It repaid $1.1 billion of gross debt following the ADI spin-off.
