Stock Market Live June 24, 2026: S&P 500 (SPY) Attempting to Regain Momentum
Q1 26 EPS
$0.65
BEAT +7.44%
Est. $0.61
Q1 26 Revenue
$1.91B
BEAT +2.19%
Est. $1.87B
vs S&P Since Q1 26
-16.1%
TRAILING MARKET
REZI -16.5% vs S&P -0.4%
Market Reaction
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 Product… Read more 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
REZI 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, source: SEC Filings
REZI Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Jay Geldmacher, Q1 2026 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% |