Honeywell Aerospace Plunges 20% After First Independent Earnings Miss

Published Aug 6, 02:44 PM UTC

Honeywell Aerospace (NASDAQ: HONA) stock plunged 20.8% in early trading on August 6, 2026, after reporting its first quarterly earnings since spinning off from Honeywell (NASDAQ: HON) in June. The company missed analyst expectations, posting pro forma earnings of $1.87 per share versus the $2.13 consensus estimate, on revenue of $4.5 billion. GAAP earnings tumbled 71% to $0.78 per share. While sales grew 5% year-over-year, earnings declined 32% pro forma. CEO Jim Currier cited strong customer demand but persistent supply constraints limiting growth. The company lowered its second-half guidance, projecting 5% sales growth, H2 earnings of about $7.75 per share, and free cash flow between $1 billion and $1.5 billion. The Motley Fool analyst rates the stock a 'wait and see,' noting it trades at roughly 20 times annual free cash flow.