| Metric | Value ($ M) | Q2 FY25 |
|---|---|---|
| Revenue | 4.5K | 5.4% |
| Total Income | 4.5K | 5.4% |
| Expenditure | 3.5K | 9.4% |
| PBT | 378.00 | 62.2% |
| Net Profit | 246.00 | 70.8% |
| OPM | 22.00% | 2.85pp |
| NPM | 5.44% | 14.24pp |
| EPS | — |
Honeywell Aerospace Reports Q2 2026 Results; Updates 2026 Outlook
06 Aug 2026 · 6 Aug, 1:46 am
Summary
Honeywell Aerospace announced its second quarter results, with sales reaching $4.5 billion, up 5% year over year on both reported and organic bases. The company's backlog also saw a significant increase, growing 9% to $18.2 billion. While net income decreased by 70% to $0.3 billion and adjusted EBIT was down 7% to $1.0 billion, these figures were impacted by separation-related costs and inventory obsolescence. Management has revised its full-year 2026 outlook for organic sales growth and pro forma standalone adjusted EBIT, citing supply chain capabilities and strategic actions to drive future growth.
Key Highlights
- 1
Honeywell Aerospace reported sales of $4.5 billion for the second quarter, representing a 5% increase on both a reported and organic basis year over year.
- 2
The company's backlog grew to $18.2 billion at the end of the quarter, up 9% from the prior year, with trailing twelve-months orders up 8%.
- 3
Second quarter net income was $0.3 billion, a decrease of 70% compared to $0.85 billion in the prior year, impacted by separation-related costs and inventory obsolescence charges.
- 4
Adjusted EBIT for the second quarter was $1.0 billion, down 7% year over year, including approximately $100 million of separation-related costs and inventory obsolescence charges.
- 5
The company revised its full-year 2026 outlook for organic sales growth to 4%-5% and pro forma standalone adjusted EBIT guidance.
- 6
Commercial Aftermarket sales increased by 8% year over year to $2.0 billion, driven by broad-based demand across the installed base.
- 7
Defense and Space sales expanded by 3% to $1.8 billion, supported by increased domestic volumes.
Management Comments
Jim Currier
Our successful separation marks an important milestone for Honeywell Aerospace, and we enter this next chapter with solid momentum. We delivered mid-single-digit sales growth in our final quarter as a segment of Honeywell as the significant customer demand for our mission-critical portfolio continues. Secular trends across our end markets remain strong while supply constraints limited output growth in the quarter. As we establish Honeywell Aerospace as a standalone company, we will harness our increased financial flexibility and leverage our Honeywell Aerospace Operating System to drive greater innovation, more resilient output, and above market growth over time. For the second half of 2026, we believe it is prudent to align our guidance to our supply chain’s demonstrated capabilities at the end of the second quarter. At the same time, we are taking the strategic and tactical actions necessary to position Honeywell Aerospace for accelerating growth and compelling financial performance. We are committed to delivering on the 2030 targets laid out at Investor Day in June, and we are moving with the speed and urgency required for improved performance in 2027 and beyond.
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