Resideo Technologies, Inc. reported a net revenue of $1.912 billion for the first quarter of 2026, reflecting an increase of 8.0% compared to $1.770 billion in the same period of the previous year. The company's gross profit for the quarter was $551 million, resulting in a gross profit margin of 28.8%, slightly down from 28.9% in the prior year. Operating income decreased to $102 million, or 5.3% of revenue, from $136 million, or 7.7% of revenue, in the first quarter of 2025. The company achieved a net income of $38 million, translating to earnings per share of $0.17, a significant improvement from a net loss of $3 million in the prior year.
The financial performance was influenced by several factors, including an increase in sales days, favorable pricing and mix shifts contributing $90 million, and positive foreign currency exchange impacts of $30 million. However, the company faced challenges with rising operating expenses, which totaled $449 million, up 19.7% from $375 million in the previous year. This increase was driven by higher research and development costs, legal settlements, and one-time business separation costs of $24 million related to the planned spin-off of the ADI Global Distribution segment.
In terms of operational developments, Resideo's Products and Solutions segment generated $706 million in revenue, an 8.8% increase year-over-year, while the ADI Global Distribution segment reported $1.206 billion, a 7.6% increase. The company continues to expand its market presence, serving over 150 million residential and commercial spaces globally. As of April 4, 2026, Resideo had approximately 151 million shares outstanding and maintained a cash position of $438 million, down from $661 million at the end of 2025.
Looking ahead, Resideo anticipates mid-single-digit revenue growth for 2026, despite a challenging macroeconomic environment characterized by potential impacts from tariffs and geopolitical tensions. The company is closely monitoring these dynamics and is prepared to adjust its operations accordingly. The planned spin-off of the ADI Global Distribution segment is expected to be completed in the second half of 2026, which may further shape the company's strategic direction and financial performance in the coming quarters.
About RESIDEO TECHNOLOGIES, INC.
Resideo Technologies, Inc. is a global manufacturer and distributor of sensing and control products for home and commercial security, safety, comfort, and energy management. Its core offerings include HVAC controls, fire and carbon monoxide detection, security systems, and smart home solutions. Serving residential and professional markets worldwide, the company leverages innovation, proprietary brands, and extensive distribution networks to provide connected, safety-focused, and energy-efficient products.
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