Honeywell Aerospace plunges 11% after hours on weak Q2, slashed guidance in first post-split report

Published Aug 6, 12:09 AM UTC

Honeywell Aerospace shares fell 11% in extended trading after reporting weak Q2 results and slashing its full-year guidance, marking a poor debut as a standalone company since splitting from Honeywell Technologies in June 2025. Revenue rose 5.4% year-over-year to $4.52 billion, missing the $4.6 billion consensus estimate, while adjusted EPS dropped 32% to $1.87, below the $2.11 forecast. The company cited supply chain constraints that hindered factory output, despite strong demand evidenced by 8% order growth and $15 billion in new wins year-to-date. CEO Jim Currier admitted underestimating the time needed to fix supply chain issues, and CFO Josh Kepsen said guidance was set to be achievable without dramatic supply chain improvement. Analysts expressed shock and noted management credibility suffered, though they appreciated the reset of expectations. The company remains committed to 2030 targets but cut 2026 guidance early, raising doubts about long-term goals.