Honeywell International Inc. today announced its third-quarter results, with overall sales growing 7 % year-over-year and organic sales up 6 %. The company said its results met or exceeded its prior guidance. Operating income declined by 6 %, yet segment profit rose 5 % to US $2.4 billion, driven by strong performance in its Energy & Sustainability Solutions and Building Automation units. The operating margin contracted 220 basis points to 16.9 %, while the segment margin narrowed by 50 basis points to 23.1 %. Earnings per share (EPS) amounted to US $2.86, an increase of 32 % year-over-year, and adjusted EPS came in at US $2.82, up 9 %.

Operating cash flow surged 65 % to US $3.3 billion, although free cash flow slipped 16 % to US $1.5 billion. The company also announced that it is raising its full-year 2025 guidance for organic growth and adjusted EPS, and updated its free cash-flow target, factoring in the spin-off of its advanced materials business. That spin-off, Solstice Advanced Materials, is scheduled for October 30, 2025 and is expected to reduce full-year sales by US $0.7 billion, reduce adjusted EPS by US $0.21 and cut free cash flow by US $0.2 billion. Full-year sales are now expected in the range of US $40.7 billion to US $40.9 billion, with organic growth of approximately 6 %. Segment margin is forecast to be 22.9 % to 23.0 %, representing expansion of 30–40 basis points. Adjusted EPS is now expected to be US $10.60 to US $10.70, higher by US $0.10 at the midpoint from the prior range. Operating cash flow is projected at US $6.4 billion to US $6.8 billion, with free cash flow in the range of US $5.2 billion to US $5.6 billion.

Excluding the impact of a prior agreement with Bombardier Inc. and the Solstice spin-off, the company expects organic sales growth of about 5 %, a segment margin decline of 30–40 basis points, and adjusted EPS growth roughly 3 %. When excluding both the Bombardier agreement and the spin-off, adjusted EPS growth is expected in the range of 5 % to 6 %.

The company said its board has concluded its portfolio review and is pursuing the separation of its Automation and Aerospace businesses, so that it will become three publicly-listed industry-leading companies by the second half of 2026. CEO Vimal Kapur commented that the quarter’s strong results reflect the company’s momentum and its ability to unlock new value as it simplifies the business and advances its transformation.

Honeywell today announced an approximately $600 million equity capital raise for Quantinuum, developer of the world’s highest-performing quantum computer, at a pre-money equity valuation of $10 billion.

Quanta Computer, NVentures (NVIDIA’s venture capital arm) and QED Investors have joined existing shareholders JPMorganChase, Mitsui, Amgen, Cambridge Quantum Holdings, Serendipity Capital and Honeywell — all of whom have reinvested in this round. The round also includes participation from new investors MESH and Korea Investment Partners.

This capital raise will support Quantinuum’s advancement of quantum computing at scale, which includes continued progress toward the upcoming launch of Helios, the company’s next generation quantum computing system that is expected to launch this year. It will also support Quantinuum’s path to becoming the first to perform universal fault-tolerant computing.

A full-stack quantum computing provider, Quantinuum is accelerating commercially useful quantum computing with commercially available quantum computers that are the undisputed leaders in performance. Along with some of the most used developer tools and end-applications such as InQuanto, the company’s solutions are driving breakthrough scientific discoveries, economic growth and sustainable development.

Quantinuum continues increasing its commercial momentum and earning global recognition. The company will work with NVIDIA as a founding collaborator on breakthroughs at the NVIDIA Accelerated Quantum Research Center.  Additionally, Quantinuum has entered strategic partnerships aimed at innovative quantum computing solutions that will expand the capabilities of classical artificial intelligence and realize next-generation technologies.

Quantinuum recently announced partnerships and collaborations with RIKEN, SoftBank Corp., Infineon and STFC Hartree Center, as well as expansions into New Mexico, Qatar and Singapore.

The company’s collaborations collectively provide substantial investment funding, accelerate research and product development, scale manufacturing capabilities, secure supply chains and foster the overall growth of the quantum technologies industry.

Vimal Kapur, Chairman and CEO of Honeywell:
“Quantinuum continues to meet and exceed our stated objectives — strategically, technically and commercially. We have complete confidence in Quantinuum’s ability to continue to lead the quantum revolution and create long-term value for its investors and customers.”

Dr. Rajeeb Hazra, President & CEO of Quantinuum:
“We are proud to partner with investors who share deep conviction in our vision for the future of quantum and AI. With the continued support of our customers and supply chain partners, this new funding will further extend our leadership, accelerate our roadmap and strengthen the entire quantum ecosystem.”