Johnson Controls International (NYSE:JCI) Issues Quarterly Earnings Results

Posted by Brenda Bartman on Oct 29th, 2026

Johnson Controls International (NYSE:JCI – Get Free Report) posted its earnings results on Tuesday. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.07, Zacks reports. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%. The firm had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.04 billion. During the same period in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis.

Here are the key takeaways from Johnson Controls International’s conference call:

Strong fiscal 2026 performance: Organic revenue rose more than 8%, adjusted EPS increased 37%, and free-cash-flow conversion reached 103%, exceeding the company’s initial and raised guidance.
Demand accelerated exiting the year, with orders up 44% and backlog up 43% to a record $23 billion, led by data centers and other mission-critical markets such as semiconductor, battery manufacturing, and research universities.
Johnson Controls forecast fiscal 2027 organic revenue growth of 11%–12% and adjusted EPS of $6.15–$6.30, representing approximately 21% EPS growth at the midpoint; management expects operating leverage above 30%.
The company plans approximately $900 million in fiscal 2027 capital expenditures to expand manufacturing, innovation, and digital capabilities, while restructuring actions are expected to generate $600 million in annualized savings by fiscal 2029.
Restructuring will require approximately $400 million of expense over fiscal 2027–2028, free-cash-flow conversion is expected to decline to about 95% as investment rises, and the planned intrusion-business divestiture is expected to be modestly dilutive.

Johnson Controls International Stock Down 0.1%

NYSE:JCI traded down $0.20 on Thursday, hitting $157.15. 886,659 shares of the company’s stock were exchanged, compared to its average volume of 4,118,017. The firm has a 50-day moving average price of $146.99 and a 200-day moving average price of $140.37. Johnson Controls International has a 52 week low of $108.41 and a 52 week high of $160.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The company has a market cap of $95.19 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.07 and a beta of 1.27.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 21st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.60 annualized dividend and a yield of 1.0%. Johnson Controls International’s payout ratio is 27.83%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on JCI shares. Robert W. Baird lifted their price objective on Johnson Controls International from $162.00 to $172.00 and gave the company a “neutral” rating in a report on Wednesday. Mizuho raised their target price on shares of Johnson Controls International from $150.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, October 15th. The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $186.00 to $191.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Johnson Controls International from $180.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. Finally, Evercore set a $170.00 price objective on shares of Johnson Controls International in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.86.

Get Our Latest Stock Analysis on Johnson Controls International

Key Headlines Impacting Johnson Controls International

Here are the key news stories impacting Johnson Controls International this week:

Positive Sentiment: JCI reported fiscal Q4 adjusted earnings of $1.66 per share and revenue of $7.11 billion, exceeding estimates of $1.59 and $7.04 billion, respectively. Revenue increased 10% year over year, supported by strong HVAC demand and improved margins. Johnson Controls Q4 Earnings and Revenue Beat Estimates
Positive Sentiment: Management issued an upbeat fiscal 2027 outlook, calling for 11%-12% organic revenue growth and adjusted EPS of $6.15-$6.30, above prevailing expectations. The company also highlighted a record $23 billion backlog and plans for approximately $900 million of capital spending. Johnson Controls Fiscal 2027 Outlook
Positive Sentiment: Analyst support improved after the earnings release. Bernstein raised its price target to $194 from $190, while Morgan Stanley reiterated a Buy rating with a $180 target. Citigroup and Robert W. Baird also increased their targets to $172, though both retained Neutral ratings. Bernstein Raises Johnson Controls Price Target
Neutral Sentiment: JCI agreed to sell its global intrusion products business to Truelink Capital. The divestiture should allow the company to focus more heavily on higher-growth building systems and data-center cooling, but financial terms and the transaction’s immediate earnings effect were not provided. Truelink Capital to Acquire Johnson Controls Intrusion Products Business
Positive Sentiment: Vertiv’s 61% revenue growth and surge in deferred revenue reinforce the broader data-center infrastructure boom. The report identifies advanced cooling as a key bottleneck, potentially benefiting JCI’s data-center cooling strategy and backlog. Vertiv Cashes In on AI Demand
Negative Sentiment: BNP Paribas Exane raised its target to $145 but maintained an Underperform rating, implying that the stock’s strong run has outpaced its estimated fair value. JCI’s elevated earnings multiple also leaves the shares sensitive to any slowdown in backlog conversion, data-center spending, or margins. BNP Paribas Exane Johnson Controls Rating

Insider Buying and Selling at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the sale, the vice president owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by insiders.

About Johnson Controls International

(Get Free Report)

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.