Honeywell Technologies raised its profit targets for the second half and full year of 2026 on Wednesday, though the increase is almost entirely mechanical, reflecting a one-for-two reverse stock split rather than a stronger business.
The move came from the same industrial group whose quantum computing arm staged one of the year’s largest technology listings, and it completes a sweeping breakup of the 140-year-old company.
The split took effect on 29 June, the same day Honeywell spun off its aerospace division as a separate public company. Every two Honeywell shares were combined into one, cutting the number of shares outstanding from about 634 million to roughly 317 million.
Because per-share earnings are divided across a smaller share count, the headline guidance figures roughly double even though the operating forecast beneath them is unchanged.
Honeywell Technologies now expects full-year adjusted earnings of $7.90 to $8.30 per share, up from an earlier range of $3.95 to $4.15.
