Honeywell stands by 2026 outlook ahead of aerospace spin-off

Honeywell International Inc. is keeping its 2026 outlook intact as it moves toward one of the most consequential steps in its breakup plan, a June 29 spin-off of Honeywell Aerospace. By standing by its forecast before the separation, the Charlotte, North Carolina-based conglomerate is asking investors to read the restructuring as a sign of strength, not stress.

Honeywell reaffirmed full-year 2026 adjusted earnings of $10.35 to $10.65 a share and revenue of $38.8 billion to $39.8 billion. It also laid out preliminary guidance for the company that will remain after the aerospace separation, to be renamed Honeywell Technologies, calling for adjusted earnings of $3.95 to $4.15 a share, revenue of $19.9 billion to $20.2 billion and about $2 billion in annual free cash flow.

The aerospace unit, which makes aircraft engines, parts and defense systems, will begin trading on Nasdaq under the ticker HONA after the split. Honeywell Technologies will keep the HON ticker. Shareholders of record on June 15, 2026, will receive one share of Honeywell Aerospace for every two shares of Honeywell common stock held, and Honeywell said it will complete a 1-for-2 reverse stock split effective June 29.

The latest update matters because Honeywell’s breakup strategy is now being judged on execution as much as ambition. The company completed the spin-off of Solstice Advanced Materials on October 30, 2025, the first major step in a plan announced in February 2025 to separate into three independent companies. With the aerospace transaction approaching, management is trying to show that each business can stand on its own with a clean capital structure and credible financial targets.

That case is also tied to the industrial backdrop. Chief Executive Vimal Kapur said the Middle East conflict cut first-quarter revenue by about 0.5%, mostly in Process Automation and Technology, and could trim second-quarter revenue by about 1%. Honeywell has already guided second-quarter sales to $9.4 billion to $9.6 billion. Kapur said he has high confidence the conflict will not weigh on the second half of the year if there is no major escalation, and he suggested it could eventually support demand tied to energy security and reconstruction.

Honeywell Aerospace has separately projected $6.5 billion in adjusted earnings by 2030, reinforcing the view that the standalone unit is being positioned for growth with jetmakers and defense customers. For investors, the unchanged 2026 outlook is a credibility test: Honeywell is signaling that the breakup is being driven from a position of operational stability, not corporate repair.