Honeywell Technologies raised its profit targets for the second half and full year of 2026. This update is a mechanical result of a one-for-two reverse stock split. It does not indicate a stronger business outlook. The industrial group completed its restructuring. This included spinning off its aerospace division.
Honeywell confirmed it retains a large stake in quantum computing firm Quantinuum. This reaffirmation follows Quantinuum's successful $1.68 billion IPO. The IPO was one of the year's largest technology listings. The announcement highlights Honeywell's continued confidence in the venture.