Honeywell Ties Forge Software Growth to AI Revenue for 2026

Honeywell Technologies reported second quarter 2026 earnings on July 23, 2026, its first results after the June 29 separation from Honeywell Aerospace. Chief Executive Officer Vimal Kapur said AI-based software sold through Honeywell's Forge platform is expected to grow to just over $1 billion in annual recurring revenue (ARR) this year, up from about $900 million. Kapur said the figure is not final, noting that six months remain in the year.

According to their earnings release the total consolidated revenue for the quarter, which included both Honeywell Technologies and Honeywell Aerospace due to the timing of the separation, came in at $9.7 billion. The same materials show Honeywell Technologies alone reported standalone revenue of $5.2 billion for the quarter.

Honeywell raised its full year adjusted earnings per share guidance to $8.20 at the midpoint, up from a prior midpoint of $8.10, the company said. It also raised its organic sales growth outlook to a range of 3% to 4% for the year.

Total company orders grew 16% organically in the quarter, according to the company, with Building Automation orders up 13%. Chief Financial Officer Mike Stepniak said segment profit rose 9% for the quarter, with standalone segment margins expanded by 100 basis points to reach 19.0%