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Resideo's Financial Performance for Q1 2026

On May 12, 2026, Resideo Technologies, Inc. released its preliminary financial results for the first quarter of 2026, showcasing impressive growth and performance metrics that surpassed market expectations. The company, known for its innovative technology-driven solutions in the residential and commercial sectors, reported a net revenue of $1.91 billion, marking an 8% increase year-over-year compared to $1.77 billion in Q1 2025. This positive trend aligns with Resideo’s strategic objectives and reflects the resilience of its operational models amid a fluctuating economic landscape.

Key Financial Highlights

The earnings report laid out several key metrics:

• - Gross Margin: The total company gross margin was reported at 28.8%, a slight dip of 10 basis points compared to the previous year.
• - Net Income: Resideo recorded a net income of $38 million for Q1 2026, a substantial rebound from a mere $6 million in Q1 2025.
• - Adjusted EBITDA: The adjusted EBITDA was noted at $215 million, signifying a 28% year-on-year increase.
• - EPS Growth: The diluted earnings per share (EPS) stood at $0.17, with adjusted EPS reaching $0.65, reflecting a 3% increase from the previous year.

This robust financial performance displays Resideo's ongoing commitment to not only meet but exceed stakeholder expectations. Jay Geldmacher, President and CEO of Resideo, commented on the results, stating that they reflect strong operational execution across both business segments amidst challenging macroeconomic conditions. He emphasized the discipline and leadership displayed by both the Products and Solutions (PS) and ADI Global Distribution (ADI) teams.

Specific Segment Performance

Breaking down the segments:
1. Products and Solutions (PS): This segment reported $706 million in revenue, up 9% from the previous year, benefiting from foreign currency impact and increased customer demand for new products. The gross margin for this segment improved to 41.8%, attributed to effective cost management and enhanced operational efficiencies.
2. ADI Global Distribution: With revenues of $1,206 million, this segment experienced an 8% year-on-year growth, although the gross margin slightly decreased to 21.2% primarily due to higher freight costs and a varied product sales mix. Notably, e-commerce sales under ADI surged by 12%, showcasing increased digital adoption among customers.

Cash Flow and Outlook

In Q1 2026, Resideo reported a net cash used by operating activities of $145 million, a significant increase from $65 million in 2025, largely influenced by costs associated with business separation activities and working capital dynamics. Looking forward, Resideo reaffirmed its full-year 2026 outlook, projecting revenues between $7.8 billion and $7.9 billion.

Conference Call Information

To discuss these results further, Resideo will hold a conference call for investors at 5:00 PM ET on May 12, 2026. Interested parties can access the details via the investor relations section of their website.

About Resideo

Resideo Technologies, Inc. is a globally recognized leader in technology-driven sensing and control solutions, catering primarily to residential and commercial markets. Established as an independent entity following its spin-off from Honeywell, Resideo focuses on enhancing home and workplace environments through innovative product offerings. For more information, visit Resideo's website.