# Honeywell Raises Full-Year EPS Guidance

> Honeywell Technologies boosts 2026 EPS forecast to $8.40-$8.45 after 34% Q3 earnings jump.
- Title: Honeywell Raises Full-Year EPS Guidance · BigGo Finance
- Summary: Honeywell Technologies boosts 2026 EPS forecast to $8.40-$8.45 after 34% Q3 earnings jump. Honeywell Technologies raised full-year 2026 EPS guidance to…
- Keywords: honeywell technologies, q3 2026, eps, adjusted eps, full-year guidance, 34% q3 growth, 2.27 eps, 21.3% segment margin, 19 billion backlog, 2029 eps target, process automation technology, industrial automation
- Source: BigGo Finance — https://finance.biggo.com/news/US_HON_2026-10-22
- Author: BigGo Finance
- Published: 2026-10-22T14:54:29+00:00
- Read time: 2 min
- Topics: honeywell technologies, q3 2026, eps, adjusted eps, full-year guidance, 34% q3 growth, 2.27 eps, 21.3% segment margin, 19 billion backlog, 2029 eps target, process automation technology, industrial automation
## Honeywell Q3 2026 Results
Honeywell Technologies reported its first quarter as a standalone pure-play automation company on October 22, 2026, beating its own Investor Day targets with 7% organic sales growth and adjusted EPS of $2.27.
## Q3 EPS Jump
Adjusted EPS rose 34% year-over-year to $2.27, driven by 23% segment profit growth and lower interest expense.
## Full-Year Guidance Raised
Honeywell raised full-year 2026 guidance across all metrics: organic growth to 4%-5% from 3%-4%, adjusted EPS to $8.40-$8.45, and free cash flow by $100 million to $2.1 billion.
## Segment Performance
Process Automation & Technology grew 8% organically, Industrial Automation improved on-time delivery to 60%, and Building Automation delivered eighth consecutive quarter of high-single-digit growth.
## CEO Confidence
CEO Vimal Kapur expressed confidence in achieving the company's 2029 target of $12 or better in EPS, citing a nearly $19 billion backlog and strong short-cycle demand.
## Data Center Opportunity
Honeywell is expanding data center content from building automation into process automation and industrial automation, targeting mid-single-digit growth in the vertical.
## Q4 Margin Mix
Q4 margin guidance reflects mix changes, with higher project and Catalyst Technologies revenue diluting margins by about 400 basis points.
## Industrial Automation Turnaround
Industrial Automation improved on-time delivery from under 40% to 60%, with past dues down 18% and new products well-received by channel partners.
## PA&T Margin Trajectory
PA&T margin expected to expand in 2027 and 2028 as Catalyst mix improves, project mix abates, and Johnson Matthey integration completes.
## M&A Priorities
Honeywell prioritizes industrial automation, higher-growth verticals, and frontier technologies for M&A, with no compulsion to meet 2029 EPS target through acquisitions.
## 2029 Target
Honeywell aims to achieve $12 or better in EPS by 2029, supported by a nearly $19 billion backlog and improving short-cycle demand.
## Key Risks
Persistent inflation and mix headwinds in PA&T could pressure margins if pricing actions fail to keep pace with inflation.
## 2027 Setup
Honeywell expects organic growth at or above 4%-6%, margin expansion, and fixed cost savings from accelerated stranded cost elimination by 2027.
## Bottom Line
Honeywell's first quarter as a standalone company beat targets, raised guidance, and demonstrated transformation into a pure-play automation leader.
## Key takeaway

Honeywell Technologies raised full-year 2026 EPS guidance to $8.40-$8.45 after reporting 34% year-over-year adjusted EPS growth of $2.27 in Q3.