Stock Market Live June 24, 2026: S&P 500 (SPY) Attempting to Regain Momentum
Q2 25 EPS
$0.66
BEAT +24.53%
Est. $0.53
Q2 25 Revenue
$1.94B
BEAT +6.58%
Est. $1.82B
vs S&P Since Q2 25
-2.8%
TRAILING MARKET
REZI +13.9% vs S&P +16.8%
Market Reaction
Did REZI Beat Earnings? Q2 2025 Results
Resideo Technologies delivered a standout second quarter, posting adjusted earnings of $0.66 per share against a $0.53 consensus estimate, a 24.53% beat, while revenue of $1.94 billion topped expectations by 6.58% and climbed 22.3% year over year. Th… Read more Resideo Technologies delivered a standout second quarter, posting adjusted earnings of $0.66 per share against a $0.53 consensus estimate, a 24.53% beat, while revenue of $1.94 billion topped expectations by 6.58% and climbed 22.3% year over year. The headline driver was broad-based organic momentum across both segments, with ADI Global Distribution contributing $1.28 billion in revenue, up 33% year over year, and Products & Solutions generating $666 million, its ninth consecutive quarter of gross margin improvement at 42.9%. Record adjusted EBITDA of $210 million, up 20% from a year ago, underscored the strength beneath the GAAP noise created by an $882 million charge tied to the termination of Resideo's long-standing indemnification agreement with Honeywell. That strategic clean-up, combined with a planned spin-off of ADI into an independent public company, has drawn renewed analyst attention, including a Morgan Stanley upgrade to Overweight with a $35 price target. Management responded to the quarter's strength by raising full-year 2025 revenue guidance to $7.45 billion to $7.55 billion and lifting adjusted EPS guidance to $2.75 to $2.87.
Key Takeaways
- • Snap One acquisition contributing $218 million in ADI revenue
- • Organic ADI growth of 10% driven by commercial customer strength and digital channel expansion
- • Products & Solutions organic growth of 5% driven by new product demand and price realization
- • Gross margin expansion of 120 basis points to 29.3% company-wide
- • ADI e-commerce organic growth of 19% vs. 6% in prior year
- • Exclusive Brands sales grew 32% year-over-year on an organic basis
- • Strong operating cash flow of $200 million driven by strong sales and collections
- • Products & Solutions gross margin at 42.9%, ninth consecutive quarter of year-over-year improvement
REZI YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
REZI Revenue by Segment
With YoY comparisons, source: SEC Filings
“Resideo had an exceptional second quarter, reporting record high results that were above the high-end of the range for all our key financial metrics. We are pleased to report that both the ADI and Products and Solutions segments generated organic net revenue growth, gross margin expansion, and robust Adjusted EBITDA growth.”
— Jay Geldmacher, Q2 2025 Earnings Press Release
REZI Earnings Trends
REZI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
REZI EPS Trend
Earnings per share: estimate vs actual
REZI Revenue Trend
Quarterly revenue: estimate vs actual
REZI Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.61 | $0.65 | +7.44% | $1.91B | +2.19% |
| Q4 25 MISS FY | $0.52 | $0.50 | -4.45% | $1.90B | +0.37% |
| FY Full Year | $2.58 | $2.68 | +4.01% | $7.47B | +0.59% |
| Q3 25 BEAT | $0.69 | $0.89 | +28.99% | $1.86B | -0.75% |
| Q2 25 BEAT | $0.53 | $0.66 | +24.53% | $1.94B | +6.58% |
| Q1 25 BEAT | $0.31 | $0.63 | +105.41% | $1.77B | +1.95% |