Resideo Stock Jumps 18% on Third-Quarter Results and Updated Outlook

Resideo Technologies (NYSE: REZI) rose 18.2% on Wednesday, closing at $23.00 against a previous close of $19.45. The S&P 500 ETF (SPY) gained 1.32% over the same session, and Resideo traded on about 5.4 times its normal volume. The move followed the release of third-quarter 2026 results, which the company published in an 8-K filed the previous evening, Nov. 10, at 4:12 p.m. ET.

Revenue growth excluding OEM Security

Total revenue was $727 million, up 3% from $703 million a year earlier. Revenue excluding OEM Security rose 6% to $694 million, while OEM Security revenue fell 34% to $33 million, which the company said reflected reduced volumes from a large OEM Security customer. Gross margin was 40.4%, the 14th consecutive quarter of year-over-year gross margin expansion.

Updated 2026 outlook

The company gave a fourth-quarter revenue range of $710 million to $730 million and a full-year 2026 revenue range of $2,927 million to $2,947 million. It set full-year Standalone Adjusted EBITDA at $614 million to $624 million and Standalone Adjusted EPS at $1.92 to $1.98. It also expects at least $165 million of operating cash flow for the full year.

Debt reduction and profitability

Resideo repaid $1.1 billion of gross debt using a $900 million dividend from ADI and $200 million of cash on hand, leaving $2.1 billion of gross debt at the end of the quarter. GAAP income from continuing operations fell to $31 million from $90 million a year earlier, and GAAP diluted EPS was $0.14, down from $0.49 on a diluted basis, reflecting $30 million of business separation expenses. Standalone Adjusted EBITDA rose 5% to $154 million.

The filings do not state a specific reason investors bid up the shares on the day, beyond the results and outlook themselves. A 10-Q was also filed later that evening.