Honeywell Aerospace Stock Plummets 20.8% After Missing Earnings Expectations

Honeywell Aerospace's stock plummeted by 20.8% in early trading on Thursday after releasing its first earnings report as an independent company.

The supplier of airplane navigation systems, engines, and power systems missed expectations with a pro forma Q2 2026 earnings per share of $1.87, short of the predicted $2.13.

Honeywell Aerospace's revenue for the quarter came in at $4.5 billion, but its official GAAP profit per diluted share was only $0.78.

CEO Jim Currier attributed the shortfall to supply constraints limiting sales growth, despite strong customer demand and a growing backlog.