Resideo Technologies forecasts FY26 revenue between $2.9B and $2.95B, disappointing investors despite a strong quarterly performance.
Resideo Technologies (REZI) saw its shares drop nearly 19% after issuing weaker-than-expected annual revenue guidance for FY26. The company projected stand-alone revenue between $2.9B and $2.95B, overshadowing its better-than-expected quarterly results.
The guidance fell short of market expectations, contrasting with recent performance. Analysts had anticipated stronger forward-looking figures, given the company’s recent quarterly beat. No prior-year comparison was provided in the release.
The sharp decline in REZI shares reflects investor concerns over the company’s growth outlook amid the disappointing revenue forecast.