Johnson Controls sees 2026 profit higher than estimates on data-center demand
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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
(Reuters) -Johnson Controls International forecast 2026 profit above expectations on Wednesday, banking on sustained demand from data centers for its building and industrial equipment.
As businesses accelerate their adoption of AI, the need for data centers has skyrocketed, helping companies like Johnson Controls, which makes liquid cooling systems for IT equipment as well as specialized security and fire systems.
Shares of Cork, Ireland-based Johnson Controls rose 4.5% in premarket trading.
It expects a full-year 2026 adjusted profit per share of roughly $4.55, compared with Wall Street expectations of $4.43 apiece, according to data compiled by LSEG.
The company posted fourth-quarter revenue of $6.44 billion, up 3.1% from a year earlier.
Excluding items, quarterly profit per share came in at $1.26, compared to expectations of $1.20.
(Reporting by Aishwarya Jain in Bengaluru; Editing by Maju Samuel)
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