Resideo Technologies, Inc. (NYSE: REZI) announced its financial results for the third quarter ended October 3, 2026, in a filing dated November 10, 2026. The company reported total revenue of $727 million for the quarter, representing a 3% year-over-year increase. Revenue excluding OEM Security grew by 6% year-over-year to $694 million, while OEM Security revenue declined 34% year-over-year to $33 million.
Gross margin for the quarter was 40.4%, marking the 14th consecutive quarter of year-over-year expansion. This expansion was attributed to price increases, operational efficiencies, and tariff refunds, which were partially offset by unfavorable product sales mix and inflationary input costs.
GAAP income from continuing operations, net of taxes, was $31 million, a decrease of 66% compared to the same period in 2025. However, Standalone Adjusted EBITDA increased 5% year-over-year to $154 million. On a per-share basis, GAAP diluted EPS from continuing operations was $0.14, down 71% year-over-year, while Standalone Adjusted diluted EPS was $0.52, up 8% year-over-year.
In terms of liquidity, Resideo repaid $1.1 billion of gross debt during the third quarter. This repayment was funded by a $900 million cash dividend received from ADI Global Distribution Inc. following the August 3, 2026, separation of that business, along with $200 million of cash on hand. As of October 3, 2026, the company reported cash and cash equivalents of $229 million and total outstanding gross debt of $2.1 billion.
Resideo provided an updated outlook for the fourth quarter and full year 2026. For the fourth quarter, the company expects revenue between $710 million and $730 million, Standalone Adjusted EBITDA between $145 million and $155 million, and Standalone Adjusted EPS between $0.42 and $0.48. For the full year 2026, the company expects revenue between $2,927 million and $2,947 million, Standalone Adjusted EBITDA between $614 million and $624 million, and Standalone Adjusted EPS between $1.92 and $1.98.
