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Home/News Feed/Honeywell shares drop 3% after Q1 revenue misses estimates despite earnings beat
HON
$222.85
+$0.01 +0.00%

Honeywell shares drop 3% after Q1 revenue misses estimates despite earnings beat

Company Fundamentals
23 Apr 2026
Proactive Investors
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Bearish
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Honeywell reported Q1 2026 adjusted EPS of $2.45, beating expectations of $2.32, but revenue fell short at $9.14 billion versus $9.28 billion forecast. Orders grew 7% organically, boosting backlog to $38.3 billion, and segment profit rose 6% to $2.1 billion with improved margins. The company is selling its Warehouse and Workflow Solutions business and plans an aerospace spin-off by June 2026. Despite near-term challenges, Honeywell reaffirmed its full-year 2026 outlook with expected sales of $38.8-$39.8 billion and EPS growth of 6%-9%.

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