Honeywell Aerospace cuts full-year sales and profit guidance after Q2 earnings miss Wall Street estimates by $100 million in operating profit.
Honeywell Aerospace reported Q2 2026 sales of $4.5 billion, up 5% year over year, but missed Wall Street expectations of $4.6 billion. Adjusted EBIT fell 7% to $995 million, below the $1.1 billion forecast, while EPS dropped to $1.87 from $2.75 a year earlier.
The company reduced its full-year organic sales growth outlook to 4%-5% from 7%-9% and trimmed adjusted EBIT guidance to $4.35 billion-$4.45 billion from $4.65 billion-$4.75 billion. Full-year EPS guidance was set at $7.60-$7.90. Supply chain constraints and $100 million in separation-related costs weighed on results.
Shares plunged 21% in early trading as investors reacted to the weaker-than-expected performance and lowered outlook. CEO Jim Currier cited supply chain limitations as a key factor in the revised guidance.