This Research Note examines Johnson Controls, a global provider in thermal management, mission-critical building systems, energy efficiency, and decarbonization, based on its Q4 report and earnings call, & year ending 30th September 2026.   We evaluate their strategy in data centers in the last 12 months before highlighting their OpenBlue platform enhancements and recent physical security divestments. This article updates our previous coverage of Johnson Controls in June 2026. Johnson Controls FY 2026 Financial Highlights Full year sales increased 8.8% to $25.7 billion Organic revenue growth increased more than 8% Adjusted EPS increased 37% Adjusted free cash flow conversion was 103% Backlog grew 43% to a record $23 billion.  Data Center Strategy We analyzed Johnson Controls data center strategy in our Research Note of June 2026. Following the acquisition of Alloy Enterprises, a startup developer of direct liquid-cooled components, and investment in Accelsius liquid cooling technology, the group continued accelerating its growth in data centers with an […]