Companies /Industrials

Resideo Technologies Inc

NYSE: REZI Industrial Distribution
$19.98
â–² $0.11 (+0.55%) today
Markets closed · 4:56pm ET

Q1 2026 Earnings

Reported May 12, 2026, 4:07pm ET · SEC source
$0.65
Beat +7.44%
EPS · est. $0.61
$1.9B
Beat +2.19%
Revenue · est. $1.9B
+3.3%
Beating market
REZI vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−14%−7%0+7%May 12May 13report 4:07pm ETearnings+0.9%−13.9%
−14%−7%0+7%May 12May 13earnings+0.9%−13.9%
REZI −13.9%S&P 500 +0.9%
−14%−7%0+7%May 12May 13report 4:07pm ETearnings+1.7%−13.9%
−14%−7%0+7%May 12May 13earnings+1.7%−13.9%
REZI −13.9%NASDAQ +1.7%
−20%−10%0+10%May 11May 20report 4:07pm ETearnings+0.3%−15.2%
−20%−10%0+10%May 11May 20earnings+0.3%−15.2%
REZI −15.2%S&P 500 +0.3%
−20%−10%0+10%May 11May 20report 4:07pm ETearnings+0.6%−15.2%
−20%−10%0+10%May 11May 20earnings+0.6%−15.2%
REZI −15.2%NASDAQ +0.6%
−17.91%
Day of report
−0.10%
Next session
−3.92%
One week
+5.01%
30 days

S&P 500 over the same 30 days: +1.69%.

Did REZI Beat Earnings? Q1 2026 Results

Resideo Technologies delivered a stronger-than-expected first quarter for fiscal 2026, posting adjusted EPS of $0.65 against the $0.57 consensus estimate, a beat of 14.04%, as revenue climbed 8.0% year-over-year to $1.91 billion with both its Products and Solutions and ADI Global Distribution segments contributing to the top-line advance. The standout driver beneath the headline numbers was a sharp expansion in adjusted profitability; Adjusted EBITDA surged 28% to $215.00 million at an 11.2% margin, aided in part by the absence of $90.00 million in Indemnification Agreement expense that weighed on the year-ago period. GAAP operating income fell 25% to $102.00 million, pressured by $24.00 million in business separation costs tied to the planned spin-off of ADI Global Distribution into a standalone public company, expected between mid-third and mid-fourth quarter 2026. Management reaffirmed its full-year outlook for revenue of $7.80 billion to $7.90 billion and Adjusted EPS of $3.00 to $3.20, while guiding Q2 Adjusted EPS to $0.71 to $0.75.

Key Takeaways
  • P&S revenue grew 9% YoY driven by price realization in OEM and security channels and new product demand in retail and electrical distribution channels
  • P&S achieved 12 consecutive quarters of year-over-year gross margin expansion
  • Approximately 200 basis points favorable foreign currency impact on P&S revenue
  • ADI revenue growth driven by demand in security, professional audio-visual, and data communications categories
  • ADI benefited from four extra sales days in Q1 2026 compared to Q1 2025
  • ADI e-commerce revenue grew 12% year-over-year driven by greater customer adoption
  • Absence of $90 million Indemnification Agreement expense that impacted Q1 2025

“Our first quarter results reflect the continued strong operational execution of both businesses in a dynamic macro-economic environment, resulting in results that exceeded the high end of our outlook range for all financial metrics.”

Resideo Technologies CEO, on the earnings call

Forward Guidance & Outlook

Resideo reaffirmed its full-year 2026 outlook: net revenue of $7,800–$7,900 million, Adjusted EBITDA of $935–$985 million, and Adjusted EPS of $3.00–$3.20. For Q2 2026, the company initiated guidance of net revenue of $1,916–$1,940 million, Adjusted EBITDA of $216–$230 million, and Adjusted EPS of $0.71–$0.75. Expected full-year GAAP-to-non-GAAP reconciliation items include depreciation and amortization of $212 million, net interest expense of $181 million, and stock-based compensation of $58 million.

REZI YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$600.0M$1.2B$1.8B$1.8B$1.9BRevenue$511.0M$551.0MGross Profit$136.0M$102.0MOperating Income$6.0M$38.0MNet Income
$0$600.0M$1.2B$1.8BRevenueGross ProfitOperating IncomeNet Income

REZI Revenue by Segment

ADI Global Distribution$1.2B+8.0%
Products & Solutions$706.0M+9.0%

Figures from SEC filings and company reports. Not investment advice.