Resideo Technologies stock weighs Q2 growth against a tougher outlook

Published on 09/29/2026 at 15:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 2.00 percent to USD 1.98 billion and adjusted EPS gained 26.00 percent to USD 0.83. 2026 standalone revenue guidance is USD 2.9 billion to USD 2.95 billion.

REZI, US76203P1012, Illustration mit AI erstellt.

Resideo Technologies (ISIN US76203P1012) delivered second-quarter 2026 revenue of USD 1.98 billion, up 2.00 percent year over year, while adjusted EPS reached USD 0.83, up 26.00 percent from USD 0.66. The results arrived alongside a tougher second-half outlook shaped by input costs and an OEM security customer shifting toward vertical integration.

Q2 earnings set new records

In the earnings call dated August 12, 2026, The Globe and Mail reported adjusted EBITDA of USD 249 million, up 19.00 percent year over year. Operating cash flow was USD 148 million, compared with USD 200 million in the prior-year quarter, while Products and Solutions revenue increased 4.00 percent to USD 695 million.

Products and Solutions gross margin reached 43.60 percent, 70 basis points higher than a year earlier. The improvement gives Resideo an operational counterweight to softer housing conditions and rising costs for memory, metals, printed circuit boards and semiconductors.

Guidance highlights the key risk

Management guided to standalone 2026 revenue of USD 2.9 billion to USD 2.95 billion and adjusted EBITDA of USD 605 million to USD 625 million. Third-quarter standalone revenue guidance is USD 705 million to USD 730 million, with adjusted EBITDA expected at USD 145 million to USD 155 million.

The principal pressure point is the OEM security channel. Management expects the strategic shift by a large customer to reduce second-half 2026 revenue by USD 40 million to USD 50 million versus the prior-year period, while higher input costs are expected to weigh on third-quarter gross margin.

Evercore sets USD 30 target

As MarketBeat reported on September 28, 2026, Evercore initiated coverage with an outperform rating and a USD 30.00 price target. The same report put the analyst consensus at Hold with an average target of USD 35.00, showing a wide gap between Resideo's operating progress and investor expectations.

Resideo describes itself as a building technology supplier serving residential and commercial markets. Its investor-relations page lists FY 2025 standalone adjusted revenue of USD 2.9 billion and adjusted EBITDA of USD 581 million, alongside products deployed across more than 150 million spaces and a professional network exceeding 100,000 customers.

REZI stays near its yearly low

On the NYSE, REZI was last at USD 18.22 on September 28, 2026 at 4:00 p.m. ET. Its 52-week range was USD 17.96 to USD 31.52, and market capitalization stood at USD 2.8 billion on that date. For investors, the next test is whether new product launches and operating efficiencies can offset the quantified OEM revenue headwind.