Resideo Technologies Reports $1.98 Billion Revenue in Q2 2026, Net Income Recovery

Resideo Technologies, Inc. reported a revenue of $1.98 billion for the second quarter of 2026, reflecting a 2% increase from $1.94 billion in the same period of the previous year. For the first half of 2026, the company achieved a total revenue of $3.89 billion, up 4.8% from $3.71 billion in the first half of 2025. The growth in revenue was attributed to favorable pricing and mix shifts, as well as positive foreign currency exchange impacts. The gross profit margin improved to 30.0% from 29.3% year-over-year, driven by tariff refunds and higher margins on new sales volumes.

In terms of profitability, Resideo reported a net income of $97 million for the second quarter, a significant recovery from a net loss of $825 million in the same quarter of 2025. The earnings per share for the quarter were $0.51, compared to a loss of $5.59 per share in the prior year. The company’s income from operations was $131 million, down from $177 million in the second quarter of 2025, primarily due to increased operating expenses, including restructuring and business separation costs related to the recent spin-off of its ADI Global Distribution segment.

The ADI Spin-Off, completed on August 3, 2026, involved the distribution of shares of ADI Global Distribution Inc. to Resideo shareholders, effectively making ADI an independent public company. This strategic move is expected to allow Resideo to focus on its core products and solutions segment, which includes home heating, ventilation, and air conditioning controls, as well as security and safety products. Following the spin-off, Resideo's financials will reflect a reduced revenue base, as ADI previously contributed a significant portion of the company's earnings.

Operationally, Resideo's total assets increased to $8.78 billion as of July 4, 2026, compared to $8.43 billion at the end of 2025. The company reported a cash and cash equivalents balance of $549 million, alongside $400 million in restricted cash related to the ADI spin-off. The company’s long-term debt rose to $3.56 billion, up from $3.17 billion at the end of 2025, largely due to financing activities associated with the spin-off.

Looking ahead, Resideo anticipates low-to-mid-single-digit revenue growth for 2026, influenced by a dynamic macroeconomic environment and potential slowdowns in the U.S. residential housing market. The company is closely monitoring the impacts of tariffs and geopolitical factors on its operations and is prepared to adjust its business strategies accordingly.