Q2 25 EPS
$2.75
BEAT +3.49%
Est. $2.66
Q2 25 Revenue
$10.35B
BEAT +2.87%
Est. $10.06B
vs S&P Since Q2 25
-13.3%
TRAILING MARKET
HON +0.3% vs S&P +13.6%
Market Reaction
Did HON Beat Earnings? Q2 2025 Results
Honeywell turned in a convincing second quarter, posting adjusted EPS of $2.75 against a consensus of $2.66, a 3.49% beat, while revenue of $10.35 billion topped estimates by 2.87% and grew 8.1% year over year. The industrial conglomerate's outperfor… Read more Honeywell turned in a convincing second quarter, posting adjusted EPS of $2.75 against a consensus of $2.66, a 3.49% beat, while revenue of $10.35 billion topped estimates by 2.87% and grew 8.1% year over year. The industrial conglomerate's outperformance was anchored by broad segment strength, with Building Automation leading the way at 8% organic growth and Aerospace Technologies adding 6% organically on the back of a 13% surge in defense and space demand, even as CEO Vimal Kapur acknowledged navigating an unpredictable macro environment. Three of four segments delivered organic growth above 5%, giving the company confidence to raise its full-year adjusted EPS guidance to $10.45 to $10.65 and lift its revenue outlook to $40.80 billion to $41.30 billion, implying organic sales growth of 4% to 5%. The quarter also marked meaningful progress in Honeywell's sweeping portfolio transformation, including the close of its $2.20 billion Sundyne acquisition and an announced deal for Johnson Matthey's Catalyst Technologies business, as the company advances its planned three-way separation into Automation, Aerospace, and Advanced Materials by the second half of 2026.
Key Takeaways
- • Double-digit organic growth in defense and space (13% YoY) and UOP (16% YoY)
- • Commercial aftermarket sales increased 7% driven by air transport and supply chain unlock
- • Building Automation led segments with 8% organic growth and 90 bps margin expansion
- • Strong petrochemical catalyst shipments and higher licensing sales in gas processing at UOP
- • Record backlog supported by strong double-digit order growth
- • Honeywell Accelerator operating system enabling rapid adaptation to changing conditions
HON YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
HON Revenue by Segment
With YoY comparisons, source: SEC Filings
“Honeywell delivered outstanding results in the second quarter with both organic growth and adjusted earnings per share exceeding guidance despite the unpredictable macroeconomic backdrop. With Building Automation leading the way, three out of four segments grew sales at better than 5% in the quarter, demonstrating the power of our Accelerator operating system to adapt quickly and drive growth even as business conditions change. During the quarter, we also saw promising results from our increased focus on new product innovation, which further supported the growth of our record backlog. In parallel, we continued to take a balanced approach to capital deployment, selectively pursuing attractive M&A opportunities, such as the bolt-on acquisition of Johnson Matthey's Catalyst Technologies business and the strategic tuck-in of Li-ion Tamer.”
— Vimal Kapur, Q2 2025 Earnings Press Release
HON Earnings Trends
HON vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HON EPS Trend
Earnings per share: estimate vs actual
HON Revenue Trend
Quarterly revenue: estimate vs actual
HON Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $2.45 | — | $9.14B | -1.48% |
| Q4 25 BEAT FY | $2.54 | $2.59 | +1.97% | $9.76B | +38.99% |
| FY Full Year | $9.72 | $9.78 | +0.66% | $37.44B | -0.43% |
| Q3 25 BEAT | $2.57 | $2.82 | +9.87% | $10.41B | +2.46% |
| Q2 25 BEAT | $2.66 | $2.75 | +3.49% | $10.35B | +2.87% |
| Q1 25 BEAT | $2.21 | $2.51 | +13.64% | $9.82B | +2.32% |