Resideo Technologies, Inc. · NYSE:REZI
Resideo Technologies — Q2 2026 Earnings Presentation
29 slides from Resideo Technologies's earnings presentation, Aug 12, 2026
Slide 1: Q2’26 Earnings Presentation
Q2’26 Earnings Presentation August 12, 2026
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation and the related conference call contain “forward-looking statements.” All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will o
Slide 3: Agenda
Resideo at a Glance Agenda Q2’26 Financial Update Appendix 3
Slide 4: Resideo at a Glance
Resideo at a Glance
Slide 5: Completion of Business Separation Enables Value Creation
Completion of Business Separation Enables Value Creation Successfully finalized spin-off of ADIG August 3, 2026 ADIG began trading regular-way on NYSE August 4, 2026 5
Slide 6: Comfort. Protection.
COMFORT. PROTECTION : ; : | 6 | residea
Slide 7: Resideo at a Glance (NYSE: REZI)
Resideo at a Glance (NYSE: REZI) ~$2.9B 39.5% $581M 20.3% 150M+ homes & businesses with 14M+ connected customers FY25 Standalone FY25 Standalone FY 25 Standalone FY25 Standalone Adj. Revenue Adj. Gross Margin Adj. EBITDA Adj. EBITDA Margin FY25 Business Mix By Channel By Geography #1 #1 OEM Security
Slide 8: Our portfolio and platform are essential to all homes
Our portfolio and platform are essential to all homes A SYSTEM OF SYSTEMS Heating & Cooling Electrical / Energy Management Plumbing / Water Management Security / Life Safety Our communication protocol – reliable, secure, optimized The Resideo Ecosystem Redlink Plus for the home We are building an ec
Slide 9: Resideo is recognized and admired as a product manufacturer, partner, and employer
Resideo is recognized and admired as a product manufacturer, partner, and employer
Slide 10: We are ready to execute as a standalone company
We are ready to execute as a standalone company R ESID EO’S F O U R ST R AT EG IC PIL L AR S ACCELERATE FOCUS EXPAND LEVERAGE Development On The Pros Geographically Scale To Provide Of Differentiated Superior Value Solutions R EC ENT SEG M ENT PER F O RMAN C E R EF L EC TS O U R D U R AB L E B U SIN
Slide 11: Resideo is a compelling investment
Resideo is a compelling investment CAPITAL GROWTH PROFITABILITY FREE CASH FLOW ALLOCATION Margin Expansion Through Market Growth, Strong FCF Conversion Deleveraging While Mix, Delivery, and Pricing and New Products From Capex-light Model Reinvesting For Growth Cost Discipline 23–25% 92%+ Targeted 4-
Slide 12: Resideo is primed for profitable growth
Resideo is primed for profitable growth UNIQUE HIGHLY STRONG FOOTPRINT IN DURABLE POSITION THE HOME DEMAND with comprehensive portfolio through repair and based on domain expertise, managing critical systems in replacement and new trusted brands and the home construction deep customer relationships
Slide 13: Q2’26 Financial Update
Q2’26 Financial Update
Slide 14: Resideo – Q2’26 Financial Summary
Resideo – Q2’26 Financial Summary ($ in millions, except per share) Q2’26 Q2’25 YoY Change Revenue $1,981 $1,943 +2% P&S Revenue $695 $666 +4% ADI Revenue $1,286 $1,277 +1% Gross Margin 30.0% 29.3% +70 bps P&S Gross Margin 43.6% 42.9% +70 bps ADI Gross Margin 22.7% 22.2% +50 bps Income from Operatio
Slide 15: Consolidated Resideo - Key Q2’26 Financial Trends
Consolidated Resideo - Key Q2’26 Financial Trends Revenue Adjusted EPS +2% Y/Y +26% Y/Y $ in M’s $0.90 $2,000 $1,900 $0.80 $1,800 $0.70 $1,700 $0.60 $1,600 $0.50 $1,500 $0.40 $1,400 $0.30 $1,300 $0.20 $1,200 $1,100 $0.10 $1,000 $0.00 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 NOTE:
Slide 16: Consolidated Resideo - Key Q2’26 Financial Trends
Consolidated Resideo - Key Q2’26 Financial Trends Adjusted EBITDA Adjusted Cash Provided by Operations +19% Y/Y $ in M’s Change of ($52)M Y/Y $ in M’s 300 270 250 240 200 210 150 180 150 100 120 50 90 0 60 -50 30 -100 0 -150 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 NOTES: See Appe
Slide 17: Products & Solutions – Key Q2’26 Financial Trends
Products & Solutions – Key Q2’26 Financial Trends P&S Revenue P&S Gross Margin Rate P&S Adjusted EBITDA +4% Y/Y +70 bps Y/Y +6% Y/Y $ in M’s $ in M’s $180 $750 45% 40% $150 $600 35% $120 30% $450 25% $90 20% $300 15% $60 10% $150 $30 5% $- 0% $- Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26
Slide 18: ADI Global Distribution – Key Q2’26 Financial Trends
ADI Global Distribution – Key Q2’26 Financial Trends ADI Revenue ADI Gross Margin Rate ADI Adjusted EBITDA +1% Y/Y +50 bps Y/Y -4% Y/Y $ in M’s $ in M’s $120 $1,400 24% $1,200 $100 20% $1,000 $80 16% $800 $60 12% $600 $40 8% $400 4% $20 $200 $- 0% $- Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q
Slide 19: Condensed Summary Balance Sheet
Condensed Summary Balance Sheet $ in millions July 4, 2026 December 31, 2025 Cash and cash equivalents $549 $661 Accounts receivable, net $1,214 $1,073 Inventories, net $1,392 $1,354 Gross debt1 $3,622 $3,231 NOTES: 1 Gross debt at July 4, 2026 includes $400M of ADIG notes that conveyed to ADIG on A
Slide 20: Resideo Standalone 2026 Outlook
Resideo Standalone 2026 Outlook $ in Millions Resideo Standalone Full Year 2026 Outlook Resideo Standalone Q3’26 Outlook Standalone Revenue $2,900 - $2,950 Standalone Revenue $705 - $730 Standalone Adjusted EBITDA $605 - $625 Standalone Adjusted EBITDA $145 - $155 Standalone Revenue and Standalone A
Slide 21: Bridge from P&S Segment Results to Standalone Resideo
Bridge from P&S Segment Results to Standalone Resideo (In millions) Q1 20263 Q2 20263 1H 20263 P&S Reported Segment Revenue 706 695 1,401 1Standalone Adjusted COGS reflects a gross up adjustment for Sales to ADI 46 43 89 intercompany sales to ADI. Standalone Adjusted Revenue 752 738 1,490 2Q1 2026 d
Slide 22: Appendix
Appendix
Slide 23: FY25 Non-GAAP Standalone Adjusted Revenue, Adjusted Gross Margin, and Adjusted EBITDA reconciliations
FY25 Non-GAAP Standalone Adjusted Revenue, Adjusted Gross Margin, and Adjusted EBITDA reconciliations (unaudited) ($ in millions) 2025 ($ in millions) 2025 GAAP Income from Operations1 $555 Reported Revenue1 $2,688 (+) Stock based compensation 19 (+) Addback of intercompany revenue eliminated on 175
Slide 24: Q2’26 and Q2’25: GAAP Net Income to Non-GAAP Adjusted Net Income reconciliation
Q2’26 and Q2’25: GAAP Net Income to Non-GAAP Adjusted Net Income reconciliation (unaudited) ($ in millions) Q2'26 Q2'25 GAAP Net income (loss) $97 $(825) Less: preferred stock dividends 8 8 Less: undistributed income allocated to preferred stockholders 10 — GAAP Net income (loss) available to common
Slide 25: Q2’26 and Q2’25: GAAP Diluted EPS to Non-GAAP Adjusted Diluted EPS reconciliation
Q2’26 and Q2’25: GAAP Diluted EPS to Non-GAAP Adjusted Diluted EPS reconciliation (unaudited) (per diluted share) Q2'26 Q2'25 GAAP Net income (loss) available to common shareholders per $0.51 $(5.59) diluted share Indemnification Agreement expense — 5.61 One-time tax impact of Indemnification Agreem
Slide 26: Q2’26 and Q2’25: GAAP Net Income to Non-GAAP Adjusted EBITDA reconciliation
Q2’26 and Q2’25: GAAP Net Income to Non-GAAP Adjusted EBITDA reconciliation (unaudited) ($ in millions) Q2'26 Q2'25 Revenue $1,981 $1,943 GAAP Net income (loss) $97 $(825) GAAP Net income (loss) % of revenue 4.9% (42.5)% Provision for income taxes1 69 87 GAAP Net income (loss) before taxes 166 (738)
Slide 27: Q2’26 and Q2’25: Segment GAAP Income from Operations to Non-GAAP Adjusted EBITDA
Q2’26 and Q2’25: Segment GAAP Income from Operations to Non-GAAP Adjusted EBITDA (unaudited) Products & Solutions ($ in millions) Q2'26 Q2'25 ADI Global Distribution ($ in millions) Q2'26 Q2'25 Revenue $695 $666 Revenue $1,286 $1,277 GAAP Income from operations $138 $142 GAAP Income from operations
Slide 28: Non-GAAP reconciliation of Free Cash Flow, Free Cash Flow Conversion and Adjusted Capex
Non-GAAP reconciliation of Free Cash Flow, Free Cash Flow Conversion and Adjusted Capex (unaudited) ($ in millions) 2024 2025 LTM Q2’26 Standalone Adjusted EBITDA (Standalone AEBITDA) $544 $581 $608 Less: Adjusted Capex $55 $62 $71 = Free Cash Flow (FCF) $489 $519 $537 Free Cash Flow Conversion = FC
Slide 29: www.resideo.com
www.resideo.com 29