Honeywell (HON) Is One Of The Stocks To Buy Before SpaceX IPO
April 26, 2026
Honeywell International Inc. (NASDAQ:HON) is one of the
10 Best Stocks to Buy Before SpaceX IPO.
Honeywell International Inc. (NASDAQ:HON) reported its first-quarter fiscal 2026 earnings on April 23. The results were mixed, with the earnings exceeding expectations while revenue came in slightly below estimates. It delivered non-GAAP EPS of $2.45, surpassing forecasts by $0.13. Revenue for the quarter reached $9.14 billion, up 2.4% year-over-year; however, it missed expectations by $140 million. Despite this, demand remained steady, as orders increased by 7%. The company also shared a key strategic update, announcing plans to spin off its aerospace business. The transaction is expected to close in the third quarter on June 29, 2026.
For the full year 2026, Honeywell International Inc. (NASDAQ:HON) kept its guidance unchanged. Sales are expected to range between $38.8 billion and $39.8 billion, slightly below the consensus estimate of $39.51 billion. Organic growth is projected at 3% to 6%, while segment margins are expected to range from 22.7% to 23.1%. Adjusted EPS is guided at $10.35 to $10.65, broadly in line with market expectations.
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On April 13, under an agreement with engineering contractor Bechtel Energy Inc, Honeywell International Inc. (NASDAQ:HON) will provide liquefied natural gas process technology and equipment for two additional production units at NextDecade’s Rio Grande LNG export facility in Bronxville, Texas. During the process, HON will provide a coil-wound heat exchanger and the C3MR liquefaction process for project Train 4 and Train 5, the same technology being used for the first three trains.
During the expansion process, Honeywell’s role is to provide the production units with key equipment for the liquefaction process, which results in enhancing plant efficiency and reliability. Although there is no indication regarding the financial terms of the agreement, the company claims that its systems are designed to facilitate continuous operation and reduce operating costs.
Honeywell International Inc. (NASDAQ:HON) operates across multiple business areas, including industrial automation, aerospace technologies, building automation, and energy and sustainable solutions. The company operates across Europe, the United States, and other international markets.
While we acknowledge the potential of HON as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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