Honeywell Aerospace Stocks Plummet 24% on Disappointing Earnings and Cut Guidance

Honeywell Aerospace's first standalone earnings report as a public company sent shockwaves through Wall Street, causing its stock to plummet 24% on August 6, 2026. The share price fell from $203.64 to as low as $150.03 before recovering slightly to around $155.

The drop was triggered by the company's weak guidance and disappointing revenue numbers, including a 32% decline in adjusted earnings per share (EPS) year-over-year. Honeywell Aerospace reported second-quarter revenue of $4.52 billion, up 5% from last year, but its GAAP profit tumbled 71% to $0.78 per share due to separation-related costs.

CEO Jim Currier attributed the poor performance to a precision-casting supply shortage affecting just 2% of suppliers, which is diverting scarce components towards Boeing and Airbus production lines, starving the company's higher-margin aftermarket business. He warned that meaningful relief won't be seen until 2027.