Hensoldt stock eases as 2026 guidance stays firm
Published on 08/28/2026 at 21:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hensoldt AG (DE000HAG0005) stock traded at EUR 87.20 on August 28, 2026, after ending the session 2.26 percent lower, with a market value of EUR 10.17 billion and a 52-week range from EUR 63.18 to EUR 117.70.
The latest catalyst was Morningstar's upgrade to Buy, which helped lift the share price earlier in the week before the move faded by the close on August 28, 2026. A separate market note also pointed to a current 50-day moving average of EUR 80.82, leaving the stock above that line but below the October 2025 peak.
Guidance still holds
Management is sticking with 2026 guidance for revenue of EUR 2.75 billion and an EBITDA margin between 18.5 percent and 19.0 percent, even after the F126 frigate programme wind-down. That combination matters because it keeps the full-year framework intact while investors weigh the durability of the order book.
The most recent reported quarter showed revenue of EUR 671.0 million and EPS of EUR 0.07, compared with EUR 549.0 million and EPS of EUR -0.10 a year earlier. Revenue therefore rose EUR 122.0 million year over year, a concrete sign that execution is still improving even as the share price cools.
Orders and backlog
The same coverage cited a framework agreement with the Bundeswehr procurement office worth more than EUR 750 million, covering more than 300 equipment sets. Only 50 sets are currently in the first firm orders for delivery in 2028 and 2029, which shows how much of the value sits in later conversion rather than immediate revenue.
That order timing also helps explain why the stock can trade with volatility even after positive analyst commentary. The share moved from EUR 87.46 to EUR 89.46 in one session before easing back, a reminder that the market is still repricing the balance between visible demand and slower contract recognition.
Stuttgart ramp
The Stuttgart engineering hub remains one of the more concrete operational points in the current story. It is part of the company's effort to scale capacity while the defense electronics backlog translates into future deliveries.
Stock and venue
Hensoldt shares trade on Xetra in euros, and the latest close of EUR 87.20 leaves the stock below the 52-week high of EUR 117.70 but well above the 52-week low of EUR 63.18. For investors, the key numbers are still the EUR 2.75 billion revenue target, the 18.5 percent to 19.0 percent margin range, and the EUR 750 million-plus framework contract pipeline.
More on Hensoldt AG
Hensoldt's product mix centers on radar, optronics and electronic warfare systems for defense customers, with the current order discussion underscoring how long-cycle procurement shapes the business. The product side matters because it links today's backlog to deliveries years ahead.
Market data and company profile
Company: Hensoldt AG
ISIN: DE000HAG0005
Ticker: HAG
Exchange: Xetra
Price (as of August 28, 2026, 4:00 p.m. ET): EUR 87.20
Market cap: EUR 10.17 billion (as of August 28, 2026)
Sector / Industry: Aerospace and Defense / Defense Electronics
Index membership: MDAX
