Hensoldt stock gains after stronger nine-month results
Published on 11/05/2026 at 17:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth and guidance improve
- HENSOLDT expanded its order base, revenue and adjusted profitability in the first nine months of 2026.
- The company expects full-year revenue of 2.8 billion euros and an adjusted EBITDA margin of around 19%.
- Capacity investments and fourth-quarter deliveries remain central to converting the record order backlog into cash flow.
HENSOLDT reported stronger growth and profitability for the first nine months of 2026 on Thursday, November 5. In its HENSOLDT Investor Relations release, the company said order intake rose 76.7% to 3.564 billion euros and the order backlog reached a record 10.367 billion euros.
Hensoldt stock traded at 82.44 euros on Lang & Schwarz at 17:39 CET on Thursday, November 5, 2026, 1.00% above the Xetra close of Thursday, November 5. The company had reported order intake from Eurofighter, Schakal and Puma programs as major contributors to the stronger order base.
What changed since the last report
Revenue increased 21.3% to 1.863 billion euros in the nine-month period, while adjusted EBITDA advanced 33.0% to 281 million euros. The adjusted EBITDA margin improved to 15.1% from 13.7% a year earlier, and adjusted EBIT rose 45.4% to 177 million euros.
Optronics was particularly dynamic. Segment revenue rose 52.4% to 354 million euros, while order intake more than tripled to 1.157 billion euros. In Sensors, order intake increased 54.5% to 2.631 billion euros, supported by radar and electronic-warfare programs.
HENSOLDT raised its 2026 revenue outlook to around 2.8 billion euros from around 2.75 billion euros previously. The company now expects its book-to-bill ratio at the upper end of the former 1.5 to 2.0 range and an adjusted EBITDA margin of around 19%.
Investors can follow the real-time quote of Hensoldt stock.
Management said capacity investments are supporting higher deliveries, while fourth-quarter milestones remain important for cash flow. Adjusted free cash flow was negative at 104 million euros after nine months, compared with negative 119 million euros a year earlier; third-quarter adjusted free cash flow was positive at 32 million euros.
Germany's DAX is the relevant domestic market reference for investors tracking German equities.
HENSOLDT's Capital Markets Day is scheduled for November 10, 2026, in London, with preliminary full-year results expected on February 24, 2027. More news and analyses on Hensoldt stock.
HENSOLDT AG at a glance
- Company: HENSOLDT AG
- ISIN: DE000HAG0005
- WKN: HAG000
- Listing: Frankfurt Stock Exchange
- Lang & Schwarz quote: 82.44 euros at 17:39 CET on November 5, 2026
- Xetra close: 81.62 euros on November 5, 2026
- Indices: MDAX, TecDAX
