--- title: "Resideo Tech | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 1.912 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/286151066.md" datetime: "2026-05-12T20:17:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286151066.md) - [en](https://longbridge.com/en/news/286151066.md) - [zh-HK](https://longbridge.com/zh-HK/news/286151066.md) --- # Resideo Tech | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 1.912 B Revenue: As of FY2026 Q1, the actual value is USD 1.912 B, beating the estimate of USD 1.871 B. EPS: As of FY2026 Q1, the actual value is USD 0.17, missing the estimate of USD 0.38. EBIT: As of FY2026 Q1, the actual value is USD 149 M. ### Overall Company Financial Highlights (First Quarter 2026) - **Net Revenue:** Resideo Technologies, Inc. reported net revenue of $1,912 million for the first quarter of 2026, an increase of 8% year-over-year compared to $1,770 million in the first quarter of 2025, exceeding the high-end of the outlook range . - **Gross Margin:** The gross margin was 28.8%, marking a decrease of 10 basis points year-over-year . - **Net Income:** Net income for the first quarter of 2026 was $38 million, compared to $6 million in the first quarter of 2025 . - **Adjusted EBITDA:** Adjusted EBITDA reached $215 million, an increase of 28% year-over-year from $168 million in the first quarter of 2025, also above the high-end of the outlook range . - **Operating Income:** Operating income was $102 million, compared to $136 million in the first quarter of 2025 . - **Operating Expenses:** Total operating expenses amounted to $449 million, up from $375 million in the first quarter of 2025 . This included Research and development expenses of $48 million (up from $35 million), Selling, general and administrative expenses of $340 million (up from $306 million), Intangible asset amortization of $31 million (up from $30 million), Restructuring expenses of $6 million (up from $4 million), and Business separation costs of $24 million (up from $0) . ### Segment Performance (First Quarter 2026) #### Products and Solutions (P&S) - **Net Revenue:** The Products and Solutions segment recorded net revenue of $706 million, an increase of 9% compared to the first quarter of 2025, which included a favorable foreign currency impact of approximately 200 basis points . - **Gross Margin:** Gross margin for the segment was 41.8%, an increase of 40 basis points compared to 41.4% in the first quarter of 2025, primarily attributed to continued structural operating efficiencies . - **Income from Operations:** Income from operations was $128 million, compared to $136 million in the first quarter of 2025, primarily due to a one-time litigation settlement and restructuring expenses . - **Adjusted EBITDA:** Adjusted EBITDA for P&S was $177 million, or 25.1% of revenue, an increase of 12% year-over-year compared to $158 million, or 24.3% of revenue, in the first quarter of 2025 . - **Research and development expenses:** These expenses increased by $9 million due to investments in new product launches . - **Selling, general and administrative expenses:** These expenses rose by $18 million, primarily driven by a one-time litigation settlement . - **Restructuring expenses:** These expenses increased by $7 million due to optimizing the global manufacturing footprint . #### ADI Global Distribution - **Net Revenue:** The ADI Global Distribution segment generated net revenue of $1,206 million, an 8% increase compared to the first quarter of 2025, reflecting average daily sales growth of 1% year-over-year and four extra sales days, including an approximate 1% favorable foreign currency impact . - **Gross Margin:** Gross margin was 21.2%, a decrease of 40 basis points compared to 21.6% in the first quarter of 2025, primarily due to higher fuel costs for freight and an unfavorable product sales mix . - **Income from Operations:** Income from operations was $34 million, consistent with the first quarter of 2025 results . - **Adjusted EBITDA:** Adjusted EBITDA for ADI Global Distribution was $66 million, or 5.5% of revenue, a decrease of 8% compared to $72 million, or 6.4% of revenue, in the first quarter of 2025 . - **E-commerce revenue:** E-commerce revenue grew 12% year-over-year . - **Exclusive Brands revenue:** Exclusive Brands revenue grew 7% year-over-year . - **Research and development expenses:** These expenses increased by $4 million due to investments in new product launches . - **Selling, general and administrative expenses:** These expenses increased by $13 million, driven primarily by higher variable costs during the four extra sales days . ### Cash Flow and Liquidity - **Net Cash Used by Operating Activities:** Net cash used by operating activities was -$145 million in the first quarter of 2026, compared to -$65 million in the first quarter of 2025, primarily driven by business separation activities, higher cash interest paid, and working capital dynamics . - **Capital Expenditures:** Capital expenditures were -$36 million in the first quarter of 2026, compared to -$31 million in the first quarter of 2025 . - **Free Cash Flow (calculated):** Free cash flow was -$181 million in the first quarter of 2026, compared to -$96 million in the first quarter of 2025 . - **Cash and Cash Equivalents:** Cash and cash equivalents totaled $438 million as of April 4, 2026 . - **Total Outstanding Debt:** Total outstanding debt was $3.23 billion as of April 4, 2026 . ### Outlook Resideo Technologies, Inc. re-affirmed its full year 2026 outlook and initiated its outlook for the second quarter of 2026 . For the second quarter of 2026, the company anticipates net revenue between $1,916 million and $1,940 million, and Non-GAAP Adjusted EBITDA between $216 million and $230 million . For the full year 2026, net revenue is projected to be between $7,800 million and $7,900 million, with Non-GAAP Adjusted EBITDA expected to range from $935 million to $985 million . ### Related Stocks - [REZI.US](https://longbridge.com/en/quote/REZI.US.md) ## Related News & Research - [Resideo Advances ADI Spin-Off With Leadership Plans Filed](https://longbridge.com/en/news/285929823.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Analog Devices Reports Record Fiscal Second Quarter 2026 Financial Results | ADI Stock News](https://longbridge.com/en/news/287056268.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Analog Devices (NASDAQ:ADI) Updates Q3 2026 Earnings Guidance](https://longbridge.com/en/news/287055501.md)