Applied Aerospace & Defense shares plunge 13% on lowered 2026 guidance
The NYSE-listed supplier reported 48.6% revenue growth in the third quarter but cut its full-year outlook, triggering a sharp sell-off.
The NYSE-listed supplier reported 48.6% revenue growth in the third quarter but cut its full-year outlook, triggering a sharp sell-off. Published 2026-11-12 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 13.25% on Thursday after the company reported third-quarter results that included a cut to its 2026 revenue guidance. The drop erased more than a year’s worth of gains for the NYSE-listed supplier, which had seen its stock slide 43.9% over the past three months.
Revenue growth masks guidance cut
Applied Aerospace & Defense reported third-quarter revenue of $182.1 million, representing a 48.6% increase from the prior year, according to a Business Wire release. The company also noted that earnings per share for the quarter were negative, with a net margin of -30.2%.
Despite the top-line growth, the company lowered its 2026 revenue guidance. This revision prompted a 5.6% pre-market decline on Wednesday, as reported by MT Newswires. The full-day fall on Thursday accelerated that initial reaction.
Analysts cut earnings estimates
Falling Shares data shows that consensus earnings per share estimates for the current year have been reduced by 29.4% over the past 90 days, moving from -1.02 to -1.32. The stock has lost 55.0% of its value from its 52-week high of $24.24.
MarketWatch and Motley Fool publications highlighted the disconnect between the company’s operational performance and its stock price. Barrons.com noted that while the supplier to SpaceX is performing well operationally, the stock has not reflected that stability.
Volatility remains high
The stock is rated Unstable by Falling Shares, with an annualised volatility of 79.4% compared to 14.5% for the benchmark index. There have been 33 sessions with moves of 5% or more in the past six months.
In the latest trading session on Tuesday, the broader S&P 500 fell 0.4% and the US Industrials sector (XLI) declined 0.1%. The company-specific portion of the latest move accounted for -1.4% of the total change, according to Falling Shares attribution.