Quarterly ResultMay 12, 2026, 04:14 PM
Resideo Q1 Net Revenue $1.91B, Net Income $38M; Adjusted EPS $0.65
AI Summary
Resideo Technologies announced strong first quarter 2026 financial results, with net revenue reaching $1.91 billion, an 8% increase year-over-year and exceeding the high-end of their outlook. Net income significantly improved to $38 million from $6 million in Q1 2025, and Adjusted EBITDA grew 28% to $215 million. The company also reaffirmed its full-year 2026 outlook and provided guidance for the second quarter.
Key Highlights
- Net revenue increased 8% year-over-year to $1.91 billion, exceeding outlook.
- Net income was $38 million, up from $6 million in Q1 2025.
- Adjusted EBITDA rose 28% year-over-year to $215 million, above outlook.
- GAAP diluted EPS was $0.17; Adjusted EPS was $0.65, up 3% YoY.
- Products and Solutions (P&S) net revenue grew 9% to $706 million.
- ADI Global Distribution net revenue increased 8% to $1.206 billion.
- Reaffirmed full year 2026 net revenue outlook of $7.8B - $7.9B.
- Initiated Q2 2026 net revenue outlook of $1.916B - $1.940B.