HON · Earnings call · 2026Q3T · Full report

Data Center Expansion

HONEYWELL INTERNATIONAL INC · 2026-10-22 · Importance 51 · Surprise 64 · In source text

Data center orders grew more than 100% year to date in Process Automation, and management expects very high growth in 2027 based on pipeline visibility. Honeywell’s data center offering is expanding beyond Building Automation to include Process Automation power islands, controls, and energy storage. Liquid cooling is creating additional opportunities for Industrial Automation sensors and Sundyne pumps, although management expects that contribution to scale mainly after 2027. Growth outside the U.S., particularly in Europe, Korea, and India, is expected to benefit from Honeywell’s global presence.

Key facts

• Honeywell year-to-date data-center orders growth was more than 100%, and it expects very high growth in 2027 based on pipeline visibility.
• Honeywell's data-center orders were up over 100% in Q3 2026.
• Honeywell expects its share of data-center spend to increase as liquid cooling adoption grows, supported by sensors for liquid-cooling sensing and Sundyne pumps; the opportunity will likely scale after 2027.
• Honeywell said data centers had historically represented a mid-single-digit business for Building Automation and could eventually become mid-single digits of Honeywell overall.
• Honeywell expects to perform well as data-center growth expands outside the U.S., particularly in Europe, Korea, and India.
• Honeywell's data-center offering includes Building Automation, Process Automation orders for power islands, controls, and energy storage, and sensing and Sundyne pumps for liquid cooling.

Impact estimates