Why Is APPLIED AEROSPACE & (AADX) Stock Down Today?

Applied Aerospace & Defense (AADX) shares fell 13.25% to $9.30 as the company lowered its full-year sales guidance following its third-quarter earnings release. While the firm reported record backlog and revenue growth, management cited project delays that necessitated a reduction in its financial outlook for the remainder of 2026.

What Happened

The company reported third-quarter 2026 results that included an EPS of $0.18, which exceeded the $0.09 estimate, and sales of $182.058 million, surpassing the $170.384 million consensus. Despite these top-line beats, Applied Aerospace lowered its FY2026 sales guidance from a range of $670.000 million to $690.000 million to a new range of $660.000 million to $670.000 million. The previous guidance midpoint of $682.419 million was also above the new upper limit. The earnings call highlighted a record backlog of $1.3 billion and 48.6% revenue growth, but these positives were offset by margin pressure and the lowered guidance.

What The Data Shows

The stock has experienced a sharp decline over the last eight sessions, moving down 25.0% from $20.66 to $15.50. On November 11, 2026, the stock printed 19 fresh 52-week lows and two fresh 52-week highs. The current price of $9.30 sits near the bottom of its 52-week range, which spans from $8.39 to $24.24. Fundamentals show a market cap of $1.9 billion. The company remains unprofitable with a trailing twelve-month EPS of -1.01 and a net margin of -30.2%.

What To Watch

Investors will monitor how the company manages the margin pressure and project delays that led to the guidance cut. The recent drop in price has brought the stock close to its 52-week low, a level that may attract attention from traders watching for a potential bottom in the 2026 trading range.