Honeywell Surpasses Revenue Expectations with 3.4% Growth

Honeywell International reported its quarterly revenue for the period ending July 23, 2026. The company's revenue was $9.72 billion, a 3.4% increase from the same period last year.

The earnings per share (EPS) also exceeded expectations, reaching $1.95 compared to the estimated $1.80. This marks an EPS beat of $0.15, providing a clearer earnings signal than revenue growth alone.

Honeywell's 2026 framework targets 4-6% organic sales growth, with a segment margin of 24% and adjusted EPS of $12. The company also aims for more than $3 billion in free cash flow and conversion of at least 90% of that amount into free-cash-flow.

Morgan Stanley raised its price target for Honeywell from $245 to $250, while maintaining an equal-weight rating. Analysts' average 12-month target is currently set at $254.04, with a Hold rating across 25 brokerages.