Resideo reports Q3 2026 results with modest revenue growth and sharp profit decline
Resideo Technologies announced third‑quarter 2026 revenue of $727 million, up about 3% year‑over‑year, while GAAP net income fell 66% to $31 million. Adjusted EBITDA rose 5% to $154 million and the company repaid $1.1 billion of gross debt, leaving total gross debt at $2.1 billion. Management also updated full‑year 2026 guidance to EPS of $1.92‑$1.98 and revenue of $2.93‑$2.95 billion, and expects low‑to‑mid‑single‑digit revenue growth for the year.
Why it matters
The guidance signals modest top‑line growth and limited earnings upside for 2026, which may temper investor expectations. The $1.1 billion debt repayment improves the balance sheet and could lower financing costs.
Key facts
- 1Total revenue was $727 million, up 3% year‑over‑year. prnewswire.com
- 2GAAP net income from continuing operations was $31 million, down 66% from $90 million a year earlier. prnewswire.com
- 3Adjusted EBITDA was $154 million, up 5% from $146 million in the prior year. prnewswire.com
- 4The company repaid $1.1 billion of gross debt, leaving total gross debt of $2.1 billion at quarter end. prnewswire.com
- 5Full‑year 2026 EPS guidance was set at $1.92‑$1.98 and revenue guidance at $2.93‑$2.95 billion. investing.com
- 6Resideo expects 2026 revenue growth in the low‑to‑mid‑single‑digit range year over year. tradingview.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.