Honeywell Aerospace Shares Plunge 24% After Guidance Cut Rattles Wall Street

Shares of Honeywell Aerospace (NASDAQ: HONA) cratered on Thursday, August 6, 2026, falling as much as 24% intraday to a fresh 52-week low of $150.03 before stabilizing near $155, after the company delivered a disappointing first earnings report as a standalone public company.

The stock, which closed Wednesday at $203.64, opened Thursday near $155 following an after-hours selloff triggered by weak guidance. Trading volume swelled to roughly 18 million shares, far above recent averages, as investors digested the news.

Honeywell Aerospace, spun off from Honeywell International on June 29, reported second-quarter revenue of $4.52 billion, up 5% year-over-year, but adjusted EPS of $1.87 missed estimates and fell 32% from $2.75 a year earlier. GAAP profit tumbled 71% to just $0.78 per share, weighed by roughly $100 million in separation-related costs.

The real catalyst for the selloff was management’s guidance cut. The company slashed full-year organic sales growth guidance to 4%-5% from a prior 7%-9%, and cut adjusted EBIT guidance by about $300 million at the midpoint. Its first-ever standalone EPS guidance of $7.60-$7.90 came in roughly 13% below the $8.86 consensus estimate.

Executives blamed a precision-casting supply shortage — concentrated at just 2% of suppliers — that is forcing the company to divert scarce turbine and engine components toward Boeing and Airbus production lines, starving its higher-margin aftermarket business.

CEO Jim Currier said meaningful relief isn’t expected until 2027. Analysts, including Wolfe Research, warned the stock faces a “bumpy ride” until results show improvement, prompting several price-target cuts, including from Evercore ISI.

Levels to Watch

• Support: $150 (intraday low/new 52-week low); a break below opens the door toward $145-$140
• Resistance: $167.31 (today’s intraday high); then $175-$180 as a near-term ceiling
• Key trend marker: $200-$204 (pre-selloff close), which now acts as a major overhead resistance zone
• Volume watch: Sustained heavy volume above 15 million shares could signal continued distribution pressure