Honeywell Aerospace Shares Plummet on Downbeat Outlook and Supply Chain Woes

Honeywell Aerospace's shares plummeted nearly 12% in premarket trading Thursday after slashing its 2026 sales growth forecast and projecting full-year earnings below Wall Street expectations.

The company cited persistent supply-chain bottlenecks as the reason for its downbeat outlook, despite reporting a 5% year-over-year revenue increase to $4.52 billion in its second-quarter results.

Adjusted earnings per share fell 32% to $1.87 due to separation-related costs and inventory obsolescence charges tied to the company's recent spinoff from Honeywell International, one of the last remaining major industrial conglomerates.

The restructuring was designed to unlock shareholder value by creating more focused standalone businesses, but the early going has been rocky for Honeywell Aerospace.