Honeywell Technologies Announces Leadership Updates for Process Technology and Building Automation

Moderna shares rose 50% premarket after its melanoma drug combo trial succeeded. Target fell 4% despite sales forecast raise. Honeywell Aerospace gained 2.8% on upgrade. Lowe's dropped 2.6% missing revenue expectations. Estée Lauder up 6.3% ahead of earnings. Rising Dragon surged 223.3% on SPAC deal news.

Honeywell shares (HON) fell about 4.7% to $231.49 after a June 29, 2026 Honeywell Aerospace separation left investors resetting expectations for the new unit, HONA. UBS cut HONA’s price target to $213 from $231 on Aug. 6. Honeywell reported Q2 revenue of $9.72B (-6.1% YoY) and GAAP EPS $17.83, with adjusted EPS $4.52, and raised full-year adjusted EPS guidance.

Wall Street slipped as oil rose and more earnings were reported. The S&P 500 fell 0.2% to 7,709.96, the Dow fell 0.9% to 53,885.10, and the Nasdaq fell 0.1% to 26,348.35. Honeywell Aerospace dropped 23.2% after results missed forecasts, with CFO Josh Jepsen citing supply chain constraints. Brent rose 3.8% to $82.49 amid Iran Strait of Hormuz deal talks.

Honeywell Aerospace reported Q2 2026 sales of $4.5B, up 5% YoY, and adjusted EBIT of $995M, down 7%, missing Wall Street expectations cited by Barron’s. Adjusted EPS was $1.87. The company cut full-year organic sales growth to 4% to 5% and adjusted EBIT to $4.35B–$4.45B, citing supply chain constraints. Backlog rose to $18.2B.

Honeywell Aerospace shares fell about 20% to $163 after its first standalone quarterly report cut 2026 guidance. The company reported Q2 organic sales of $4.5B and adjusted EPS of $1.78, but lowered full-year organic sales growth to 4% to 5% and adjusted EPS to $7.60 to $7.90, citing supply chain constraints. It plans to add 50+ suppliers and raise supplier tooling spending.

Honeywell Aerospace said supply constraints are hurting results and cut its 2026 outlook. The company cited a shift toward US defense and space work, higher spending on multi-sourcing and in-sourcing, and about $100 million in separation and inventory charges. In the latest quarter, adjusted EPS fell 32% while sales rose 5% to $4.52 billion, and it guided 2026 EPS of $7.60 to $7.90.