Johnson Controls revenue rises 9% and orders 35%, net income falls 13%

what happened

Johnson Controls has published its fiscal results, according to TradingView, which summarized the company's 10-K annual filing. Revenue grew 8.8% to $25.67 billion, but net income attributable to the company dropped 13.3% to $2.85 billion from $3.29 billion a year earlier. Diluted earnings per share came in at $4.68 against $5.03.

The prior year included a gain from the sale of the R&LC HVAC business, which explains much of the drop in profit. Higher organic sales and favorable currency translation drove revenue, partly offset by acquisitions and divestitures. Orders climbed 35% on demand from data centers, battery makers and semiconductor manufacturers, and backlog rose 43%.

In the Americas, orders grew 48%, backlog rose 54% and segment EBIT increased 22%. The company expects roughly $900 million of capital expenditures in fiscal 2027 to expand its global thermal-management capacity.

why it matters

For markets, the key signal is demand for building climate equipment tied to data centers, which could support future revenue. The fall in net income also shows how one-time gains from business sales can distort year-over-year comparisons, so investors may focus on operating trends and whether order growth holds in upcoming reports.

market impact

Johnson Controls shares: strong data center demand offset by lower net income

• ↔Johnson Controls shares mixed — revenue and order growth sits alongside lower net income from last year's divestiture gain

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