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The newly independent aerospace supplier missed second-quarter profit expectations and slashed its 2026 organic sales growth forecast to 4%–5% from 7%–9%
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Honeywell $HON Aerospace stock fell 21% in early Thursday trading after the company reported second-quarter results that missed Wall Street expectations and cut its full-year financial outlook, citing supply chain constraints that limited output during the quarter.
The Phoenix-based aerospace and defense company posted second-quarter sales of $4.5 billion, up 5% year over year, and adjusted earnings before interest and taxes of $995 million, down 7% from the same period a year earlier. Wall Street had projected $4.6 billion in sales and $1.1 billion in operating profit, according to Barron's. Adjusted earnings per share came in at $1.87, compared with $2.75 in the prior-year period.
