Resideo Technologies Q1 revenue rises, adjusted EPS up

Resideo Technologies

12/05/2026 21:25

Corrects income from operations to $102 mln, from $128 mln, in table

Overview

US sensing and controls maker's preliminary Q1 revenue grew 8% yr/yr

Adjusted EPS for preliminary Q1 rose 3% yr/yr

Company says growth driven by price realization and new product demand

Outlook

Resideo re-affirms 2026 net revenue outlook of $7.8 bln to $7.9 bln

Company sees Q2 2026 net revenue between $1.916 bln and $1.94 bln

Resideo expects 2026 non-GAAP adjusted EPS of $3.00 to $3.20

Result Drivers

PRICE REALIZATION & NEW PRODUCT DEMAND - P&S segment revenue growth driven by price increases in OEM and security channels and demand for new products in retail and electrical distribution channels

STRUCTURAL OPERATING EFFICIENCIES - P&S gross margin improvement attributed to continued achievement of structural operating efficiencies

CATEGORY & E-COMMERCE GROWTH - ADI revenue growth supported by demand in security, professional audio-visual, and data communications categories, and 12% e-commerce revenue growth

Company press release: ID:nPn1XpKwBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$1.91 bln
$1.87 bln (1 Analyst)
Q1 Adjusted EPS
$0.65
$0.61 (2 Analysts)
Q1 EPS
$0.17
Q1 Net Income
$38 mln
Q1 Gross Margin
28.80%
Q1 Income From Operations
$102 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Resideo Technologies Inc is $48.23, about 28.7% above its May 11 closing price of $37.47

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

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.)