Johnson Controls raises annual profit forecast on data center cooling demand

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May 6, 2026 7:55 AM EDT

FILE PHOTO: The logo and trading symbol for Johnson Controls International is displayed on a board on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 16, 2018. REUTERS/Brendan McDermid/ File Photo

May 6 (Reuters) - U.S. ‌industrial supplier ​Johnson ​Controls International on Wednesday raised its annual profit forecast above Wall Street ‌estimates, banking on rising demand for its ⁠data center thermal management and cooling solutions.

The company, ‌which offers IT cooling, ‌security and fire systems, has been benefiting from AI-driven data center expansion, part of ​a broader upswing for firms supplying essential infrastructure for the AI boom.

• Growing AI ⁠compute capacity has driven a sharp rise in cooling needs, ​leading customers to focus on energy-efficient thermal management solutions.

• Johnson Controls raised annual ​adjusted profit estimates to $4.85 ‌per share from a prior forecast of $4.70. Analysts on average were ⁠expecting $4.76 per share, according to data compiled by LSEG.

• The company forecast third-quarter adjusted profit of $1.28 ⁠per share, which was in line with analysts' estimates.

• ​It reported adjusted profit of $1.19 per share for the second quarter, compared with 82 cents per share a ‌year ago.

• Net sales in the second quarter were $6.14 billion, above $5.68 ‌billion a year earlier.

• U.S.-listed shares of ⁠the Cork, Ireland-based company ‌fell 1% in ​premarket trading following the results.

(Reporting by Apratim Sarkar in Bengaluru; Editing by Shreya ‌Biswas)


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