HON Stock Jumps After Its Quantum Computing Subsidiary Files For IPO

• Quantinnum had a net loss of $136.6 million on revenue of $5.2 million for the three months ended March 31.
• Reported a net loss of $30.5 million on revenue of $19.1 million a year earlier.
• JPMorgan Chase & Co. and Morgan Stanley are leading the offering.

Honeywell International (HON) share jumped 2% after-hours after its quantum computing arm filed for a U.S. initial public offering (IPO).

The company, formed in 2021 through the merger of Honeywell Quantum Solutions and Cambridge Quantum, submitted its registration statement to the Securities and Exchange Commission (SEC) on Friday. Honeywell maintains an approximately 54% ownership stake in the company. 

While the number of shares to be offered and the price range have yet to be determined, the move marks a significant step toward making quantum computing accessible to public market investors.

Quantinnum had a net loss of $136.6 million and a revenue of $5.2 million for the three months ended March 31, compared with a net loss of $30.5 million and revenue of $19.1 million in the same quarter last year, according to its filing with the SEC.

Quantinnum’s hardware is currently in use by Microsoft, which integrates the company’s hardware into its Azure Quantum platform. Automaker BMW uses it for battery research and supply chain, while JP Morgan uses the hardware for fraud detection and risk management. 

JPMorgan Chase and Morgan Stanley are the leading banks for the offering. The shares are expected to trade on the Nasdaq Global Market under the symbol QNT. 

HON Portfolio Changes 

The IPO filing for Quantinuum aligns with Honeywell’s aggressive "portfolio transformation." On June 29, 2026, the company is scheduled to complete a spin-off of its Honeywell Aerospace division into an independent, publicly traded company.

Additionally, Honeywell recently announced agreements to divest its Warehouse and Workflow Solutions (WWS) and Productivity Solutions and Services (PSS) businesses. These sales are expected to close in the second half of 2026 as the company pivots its focus towards aviation, automation, and the energy transition.

HON Retail View 

Retail sentiment on Stocktwits was ‘bearish’ with ‘high’ message volumes. 

The stock has jumped 9% year-to-date.

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