Johnson Controls lifts annual profit forecast on data center demand

Johnson Controls International

29/07/2026 13:20

July 29 (Reuters) - Industrial supplier Johnson Controls International JCI.N raised its full-year profit forecast on Wednesday, anticipating sustained demand for data center-related products and services.
U.S.-listed shares of the Cork, Ireland-based company rose 6% premarket.
The company — which provides heating, ventilation and cooling (HVAC) systems, fire systems as well as security and refrigeration equipment to clients across sectors — is poised to benefit from long-term demand trends, as AI data centers, electrification, and smart buildings drive greater need for energy-efficient heating, cooling and building management systems. 
The company expects full-year 2026 profit of $5.05 per share, compared with its earlier forecast of $4.85 per share.
The Institute for Supply Management's manufacturing PMI stood at 53.3 in June, down from 54 in May but still indicating expansion. A reading above 50 signals growth in the manufacturing sector, which can support spending on industrial facilities and infrastructure and, in turn, bolster demand for companies such as Johnson Controls.
The company reported adjusted profit of $1.42 per share for the quarter ended June 30, above analysts' average estimate of $1.3 per share, according to LSEG-compiled data.
Total quarterly revenue rose 11.5% to $6.61 billion from a year earlier. 
Analysts on average were expecting revenue of $6.47 billion in the third quarter. 
Johnson Controls caters to companies in the aerospace manufacturing, healthcare and commercial construction industries.

 (Reporting by Megavarshini G. Somasundaram in Bengaluru; Editing by Diti Pujara)
 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com;))