Honeywell Aerospace Shares Drop 20% After Lowering 2026 Outlook

Shares of Honeywell Aerospace fell approximately 20% to $163.00 on Thursday following the release of its first quarterly report as an independent entity. While the company beat analyst expectations with second-quarter organic sales of $4.5 billion, it sharply reduced its full-year 2026 organic sales growth forecast to 4% to 5%, down from the previous 7% to 9% range. The company also lowered its adjusted earnings per share guidance to $7.60–$7.90.

Chief Executive Jim Currier attributed the downgrade to supply chain constraints that prevented the company from meeting high aftermarket demand. To address these bottlenecks, the company is adding more than 100 new suppliers and increasing spending on supplier tooling by roughly 20% over the first half of 2026 levels.

The financial update follows the formal separation of Honeywell Aerospace from its former parent company, Resideo, which took place on June 29.