Honeywell Aerospace

Q2 FY2026 EarningsQ2 FY26 revenue slightly missed consensus at $4.52B vs. $4.61B expected, while GAAP EPS of $0.78 significantly missed the $1.99 mean estimate due to $329M in one-time spin-off transaction costs and higher interest expense. Segment performance was mixed, with Electronic Solutions and Control Systems showing organic growth, while Engines & Power Systems profit margins contracted 600bps YoY to 12%. Post-spin leverage is substantial with $16B in new debt, though a $3.5B share repurchase authorization signals management's confidence in standalone cash flow generation.