HON Honeywell (HON) Q1 FY26 earnings call
Honeywell delivered robust Q1 FY26 results, marked by strong organic orders and significant margin expansion across all segments, despite facing geopolitical uncertainties and temporary supply chain issues. The company is progressing rapidly with its portfolio transformation, including the Aerospace spin-off and strategic divestitures, positioning both core businesses for future growth. Management maintains its full-year outlook, anticipating a strong second-half ramp driven by solid backlog conversion and improving market conditions.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
HON operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Backlog | $35.3BHoneywell's backlog reached a record level of $35.3 billion in the quarter, growing 11% year-over-year.Source: earnings call transcript | $36.1BOrders were $10.6 billion in the quarter, up 3% year-over-year, excluding the effect of acquisitions, both supported by organic backlog growth of 8% to a new record of $36.1 billion.Source: earnings call transcript | — | $37B+Honeywell delivered a strong fourth quarter to close 2025, exceeding our expectations for both adjusted sales and adjusted EPS with orders up 23%, driving our backlog to over $37 billion.Source: earnings call transcript | $38B+Including the orders growth in Aerospace, we drove backlog to over $38 billion with book-to-bill above 1.1.Source: earnings call transcript | — | <$19BWe are instrumenting the business to outperform both in 2027 and over the long term, with strong short-cycle demand, a backlog of nearly $19 billion and momentum across the portfolio.Source: earnings call transcript | — |
| Orders | — | $10.6BOrders were $10.6 billion in the quarter, up 3% year-over-year, excluding the effect of acquisitions, both supported by organic backlog growth of 8% to a new record of $36.1 billion.Source: earnings call transcript | $11.9BOrders grew 22% organically from the previous year to $11.9 billion.Source: earnings call transcript | — | — | — | — | +12.3% |
| Book-to-bill ratio Aerospace Technologies | — | 1.1 ratioAerospace industry demand continues to outpace supplies, supporting our orders growth of 9% and a book-to-bill of 1.1.Source: earnings call transcript | 1.2 ratioOrders momentum continued with strong double-digit orders growth across all 3 end markets and book-to-bill of 1.2x.Source: earnings call transcript | — | 1.1 ratioWe continue to see strong Aerospace demand across commercial OE, commercial aftermarket and defense space, which is driving sustained orders growth of 28% over the last 12-months, which drove roughly $19 billion Aerospace backlog, a 20% increase from the prior year and 1.1 book-to-bill in the first quarter.Source: earnings call transcript | — | — | — |
| Book-to-bill ratio | — | — | — | — | — | 1.1 ratioFinally, book-to-bill for the total company was 1.1, and our ending backlog was up 9%.Source: earnings call transcript | 1 ratioFurthermore, book-to-bill in this quarter was 1.0, which drove ending backlog to nearly $19 billion, up 7%, excluding our divestitures.Source: earnings call transcript | -9.1% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.