Astronics Corporation (ATRO) saw its stock plunge 12.36% in intraday trading on Wednesday, as investors reacted negatively to the company's mixed second-quarter results and concerns over potential tariff impacts. The aerospace and defense technology firm's revenue miss and tariff-related worries appear to have outweighed its better-than-expected earnings performance.

Astronics reported Q2 sales of $204.678 million, falling short of analyst expectations of $208.295 million. Despite this miss, the company posted adjusted earnings of $0.38 per share, surpassing the consensus estimate of $0.36 and marking a substantial 90% increase from the same period last year. The company also highlighted record aerospace segment sales for the quarter.

However, investors seemed to focus on the potential headwinds facing Astronics. The company disclosed that the annual impact of tariffs on material costs could range from $15 million to $20 million before mitigation efforts. This revelation, coupled with the revenue shortfall, likely contributed to the sharp sell-off. Despite raising the lower end of its 2025 revenue guidance to a range of $840 million to $860 million, the market's reaction suggests ongoing concerns about Astronics' near-term prospects in light of these challenges.