Resideo Technologies (REZI) Just Soared 18% — Here’s Why

Resideo Technologies Inc. (NYSE:REZI) is on the AI Stocks Dominating List of Biggest Winners.

Resideo Technologies grew its share price by 18.15 percent on Wednesday to end at $22.98 apiece after raising the lower end of its full-year 2026 growth guidance, helped by strong revenues for the third quarter of the year.

In its earnings call on the same day, the listed home solutions provider said that it is now gunning for at least $2.927 billion in revenues for the full year, or an upgrade from at least $2.9 billion targeted previously. The higher end of its guidance, however, was lowered to $2.947 billion from $2.95 billion earlier.

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The outlook was supported by its earnings performance in the third quarter, with revenues hitting $727 million, or 3.4 percent higher than the $703 million in the same quarter last year. The figure fell within the company’s previous guidance of $705 million to $730 million.

Revenues excluding OEM security hit $694 million, or 6 percent higher than the $653 million in the third quarter of 2025, and grew year-on-year across all of its sales channels and product categories due to huge volumes supported by strong product demand and pricing.

Net income attributable to shareholders, on the other hand, fell by 90 percent to $13 million from $131 million amid the impact of discontinued operations with the successful spinoff of ADI Global Distribution.

For the fourth quarter of the year, Resideo Technologies Inc. is targeting revenues of $710 million to $730 million, which would mark a 61 to 62 percent decline from the $1.895 billion in the same period last year, as a result of the spinoff.

Adjusted EBITDA is projected at $145 million to $155 million, while adjusted earnings per share are targeted at $0.42 to $0.48.

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