Applied Aerospace & Defense cuts 2026 outlook as shares drop 13.5%
The SpaceX supplier posted 48.6% revenue growth in the third quarter but lowered its full-year forecast, triggering a sharp sell-off.
The SpaceX supplier posted 48.6% revenue growth in the third quarter but lowered its full-year forecast, triggering a sharp sell-off. Published 2026-11-11 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Shares in Applied Aerospace & Defense fell 13.53% on Wednesday after the company lowered its 2026 revenue guidance, despite reporting a 48.6% jump in third-quarter sales. The drop left the stock 61.0% below its 52-week high.
Revenue growth masks guidance cut
Applied Aerospace & Defense reported third-quarter revenue of $182.1 million, a 48.6% increase from the prior year, according to an Associated Press snapshot of the results. The company noted strong demand from the space and defense sectors, with Business Wire confirming the financial figures.
The stock slid after the company reduced its full-year revenue forecast. MT Newswires reported that shares had already dropped 5.6% in pre-market trading following the guidance revision. Barrons.com noted that while the supplier’s operations remain solid, the market reaction was driven by the revised outlook rather than the quarterly performance itself.
Company-specific volatility drives decline
The decline occurred even as the broader market and its sector rose. The S&P 500 and the US Industrials sector (XLI) both gained 1.3% in the same session. By Falling Shares' measure, almost all of the move was company-specific, with the company-specific component accounting for -15.8% of the total change.
Falling Shares rates the stock Unstable, citing an annualised volatility of 83.7% compared to 14.7% for the benchmark. The stock has seen 34 sessions with moves of 5% or more in the past six months. Over the past five days, the shares have fallen 0.8%, while the one-month decline stands at 10.8%.