Honeywell Technologies 10-Q, filed Jul 23, 2026

Summary

Honeywell International's second-quarter 2026 net sales rose 4% year over year, as 4% pricing, a 1% foreign-currency benefit, and 1% acquisitions offset a 1% volume decline and a 2% divestiture impact, while gross margin percentage fell 170 basis points to 37.6%. The quarter included a $6.629 billion gain on the deconsolidation of Quantinuum, a $311 million year-to-date impairment on assets held for sale tied to Productivity Solutions and Services and Warehouse and Workflow Solutions, and a 12% increase in backlog to $38.0 billion ahead of the Aerospace Spin-Off.

Key points

• Q2 2026 net sales rose 4% from a year earlier, with price +4%, foreign currency +1%, acquisitions +1%, volume -1%, and divestitures -2%.
• Gross margin percentage decreased 170 basis points to 37.6% in Q2 2026, and total research and development costs rose to $828 million from $719 million.
• Honeywell recorded a $6.629 billion gain on deconsolidation of Quantinuum and a $265 million equity loss on Quantinuum following the deconsolidation.
• Backlog increased 12% to $38.0 billion as of June 30, 2026, including $18.435 billion in Aerospace Technologies.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.