Johnson Controls beats Q1 EPS estimates; ups FY profit view

Johnson Controls International

04/02/2026 12:03

Corrects net income to $524 mln from $555 mln in Key Details table

Overview

Ireland-based energy solutions provider's Q1 sales rose 7% but missed analyst expectations

Adjusted EPS of $0.89 for Q1 beat analyst expectations

Company raised FY26 adjusted EPS guidance to $4.70 from $4.55

Outlook

Johnson Controls raises FY26 adjusted EPS guidance to $4.70 from $4.55

Company expects Q2 adjusted EPS of ~$1.11

Johnson Controls maintains FY26 organic sales growth forecast at mid-single digits

Result Drivers

ORDER GROWTH - Orders increased 39% organically year-over-year, reflecting strong customer demand in core markets

BACKLOG INCREASE - Backlog rose 20% organically year-over-year, driven by accelerated investments in data center projects

MARGIN EXPANSION - Margin expansion attributed to improved execution and operational efficiency across the enterprise

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$3.84 bln
$5.64 bln (16 Analysts)
Q1 Adjusted EPS
Beat
$0.89
$0.84 (17 Analysts)
Q1 EPS
$0.90
Q1 Net Income
$524 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Johnson Controls International PLC is $132.50, about 6.8% above its February 3 closing price of $124.01

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nPn9KmRkMa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)