Johnson Controls Sees Data Centers Becoming One-Third Of Its Business
Johnson Controls International Plc (NYSE: JCI ) stock was volatile in Wednesday trading after the building solutions company reported fiscal third-quarter 2026 results that topped Wall Street estimates and raised its full-year outlook. Adjusted earnings were $1.42 per share, beating the analyst consensus estimate of $1.30. Revenue increased to $6.61 billion from a year earlier, exceeding the consensus estimate of $6.47 billion. The company said its backlog reached $21 billion, up 32% organically from a year earlier. Johnson Controls Quarterly Performance Orders increased 27% year over year, excluding acquisitions and foreign currency impacts. Sales rose 9%, while organic sales increased 10%. Gross profit increased 10.2% to $2.47 billion. Gross margin expanded to 37.4% from 37.1% a year earlier. Regional Performance Americas: Sales increased 11% to $4.50 billion, with organic sales als...
Johnson Controls International Plc (NYSE: JCI ) stock was volatile in Wednesday trading after the building solutions company reported fiscal third-quarter 2026 results that topped Wall Street estimates and raised its full-year outlook. 30. 47 billion. The company said its backlog reached $21 billion, up 32% organically from a year earlier.
Johnson Controls Quarterly Performance Orders increased 27% year over year, excluding acquisitions and foreign currency impacts. Sales rose 9%, while organic sales increased 10%. 47 billion. 1% a year earlier.
50 billion, with organic sales also rising 11%, driven by continued strength in Applied HVAC and double-digit growth in Products and Systems and Services. Orders increased 37%, excluding acquisitions and currency effects. 9 billion, supported by sustained demand from data centers and other mission-critical facilities. 1%.
26 billion, while organic sales increased 1%, constrained by ongoing conflict in the Middle East. 1 billion. 3%, aided by pricing and productivity gains, partly offset by business divestitures. Asia-Pacific: Sales increased 15% to $846 million, with organic sales also up 15%, led by 20% growth in Products and Systems and continued strength in Applied HVAC.
0 billion. 2% on productivity improvements, favorable business mix and higher revenue. Cash Flow And Outlook Johnson Controls ended the quarter with $641 million in cash and cash equivalents. 29 billion from $787 million a year earlier.
19 billion from $693 million. Chief Executive Officer Joakim Weidemanis said demand for AI data centers, biopharma manufacturing, hospitals and universities continued to support growth. He said the company introduced an AI factory absorption chiller reference design that can reduce cooling electricity demand by about 44% by converting waste heat into cooling. Weidemanis also highlighted the company’s investment in Armada for modular data centers and said Johnson Controls is making progress with its Alloy investment in cooling distribution units, including recent certification from NVIDIA Corp.
(NASDAQ: NVDA ). Johnson Controls raised its full-year guidance and now expects organic sales growth of about 8%, up from its previous outlook of about 6%. 53. Johnson Controls said data centers are expected to account for about one-third of its revenue over the next three to five years, up from the high teens as a percentage of fiscal 2026 sales.
76 at the time of publication on Wednesday, according to Pro data. Photo via Shutterstock