Johnson Controls Reports Record $23 Billion Backlog Driven by Data Center Demand
Johnson Controls (JCI) reported strong fiscal 2026 results, highlighted by an 8% organic revenue growth and a record-breaking backlog of $23 billion. The company is strategically pivoting its capital toward high-density thermal management solutions to meet the surging cooling requirements of artificial intelligence data centers and other mission-critical facilities. To support this transition, management has planned $900 million in capital expenditures for fiscal 2027 focused on facility expansion and equipment. Additionally, the company is undergoing a restructuring process to divest noncore residential assets, aiming to achieve $600 million in gross annualized savings by fiscal 2029 through improved operational efficiency and resource reallocation.
Tickers: $JCI
Topics: Backlog Growth Capital Expenditures Data Center Cooling Fiscal Year 2026 Results Restructuring
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