Resideo Technologies (REZI) Q1 2026 Earnings
How Did REZI Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +1.69%.
Did REZI Beat Earnings? Q1 2026 Results
Yes. Resideo Technologies reported Q1 2026 earnings of $0.65 a share on May 12, 2026, beating the $0.61 consensus estimate by 7.4%. Revenue was $1.9B against a $1.9B estimate.
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.
- 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
What Was Resideo Technologies's Outlook in Q1 2026?
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
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.9B | $1.8B | +8.0% |
| Gross Profit | $551.0M | $511.0M | +7.8% |
| Operating Income | $102.0M | $136.0M | −25.0% |
| Net Income | $38.0M | $6.0M | +533.3% |
REZI Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.