Hensoldt stock steadies near €92 as strong H1 2026 order boom underpins outlook
Published on 08/20/2026 at 11:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hensoldt stock (DE000HAG0005) is trading in the low-€90 range in August 2026, with recent quotes on the Tradegate venue showing €91.44 on August 20, 2026, after a year-to-date gain of 25.42 percent and a modest daily decline of 0.67 percent. A separate quote line for the CBOE listing shows a last close at €90.10 on August 19, 2026, highlighting how the shares are consolidating just below recent highs while investors digest strong first-half 2026 figures and updated guidance.
First-half 2026 orders and earnings accelerate
Fresh coverage of Hensoldt’s latest results highlights that in the first six months of the current fiscal year 2026, the company’s order intake doubled to €2.81 billion, helping lift the total order backlog to a record €10.36 billion. Over the same first-half 2026 period, revenue increased by 23.6 percent to €1.17 billion, while adjusted EBITDA rose by 28.5 percent to €137 million, indicating that profitability is growing faster than sales as operational leverage kicks in.
Market commentary notes that the company’s full-year 2026 guidance currently points to revenue of €2.75 billion and an adjusted EBITDA margin in a corridor between 18.5 percent and 19 percent. Given that Hensoldt achieved €1.17 billion of revenue and €137 million of adjusted EBITDA in the first half of 2026, the implied second-half contribution suggests a noticeable acceleration in both sales and earnings compared with the first six months.
Valuation, consensus and peer context
Recent analysis of Hensoldt indicates that, based on projected profits, the 2027 price-to-earnings ratio stands at 44, underscoring that the market is already pricing in substantial growth and margin improvement. Consensus expectations for full-year 2026 earnings per share sit at €1.85, with an anticipated dividend of €0.707 per share, which implies a forward dividend yield that remains modest relative to the company’s growth profile at current share-price levels.
On international trading platforms, the Hensoldt American depositary line shows a quote of $84.11 with the same value marked as the previous close, while a graphical summary of fundamentals lists first-quarter 2026 revenue at €496 million and an earnings figure of negative €19 million for that quarter. The transition from a loss-making first quarter 2026 to a much stronger first-half 2026 EBITDA figure of €137 million, as discussed in recent coverage, suggests that the second quarter delivered a clear profitability improvement versus the weak start to the year.
Market data snapshots from European venues confirm that Hensoldt shares have traded in a 52-week range between €7.22 and €13.74 for the US OTC line and are quoted around €90 to €92 on European platforms in mid-August 2026, underlining how the euro-denominated home-market listing has benefited from sector strength and rising defense budgets. An additional quote overview notes that the CBOE line closed at €90.10 on August 19, 2026, unchanged on the day, while the Tradegate real-time indication of €91.44 on August 20, 2026, reflects a modest intraday setback after a strong run since the start of the year.
Guidance points to stronger second half
Commentators covering Hensoldt’s first-half 2026 results point out that the company’s guidance for revenue of €2.75 billion in 2026, combined with the first-half revenue base of €1.17 billion, implies that second-half revenue needs to reach roughly €1.58 billion to meet the target. That would represent a clear step-up versus the first-half 2026 revenue level and underscores management’s confidence in converting the enlarged order backlog of €10.36 billion into sales during the remainder of the year.
With an adjusted EBITDA margin corridor of 18.5 percent to 19 percent for full-year 2026, the guidance also indicates that profitability in the second half should remain solid even as the company ramps deliveries and project execution. Using the midpoint of the margin corridor on the guided €2.75 billion revenue suggests a full-year adjusted EBITDA level clearly above the €137 million already reported for the first half, underlining the earnings momentum embedded in the current order book.
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Recent analysis of Hensoldt valuation and earnings consensus offers additional context on how these guidance figures compare with current market expectations.
Radar, sensors and electronic warfare systems
Hensoldt is best known for high-performance radar and sensor systems used on land, sea and air platforms, including air-defense radar suites and surveillance systems for fighter aircraft and drones. These systems combine active electronically scanned array technology with advanced signal processing to detect, track and classify targets in challenging environments, which plays directly into the increasing demand for integrated air and missile defense in Europe and beyond.
Beyond traditional radar, the company’s portfolio extends to optronics, electronic-warfare equipment and mission-management software that can be integrated into networked defense architectures. As defense customers upgrade legacy fleets and invest in modern sensor networks, Hensoldt’s mix of hardware, software and digital services positions it to capture follow-on orders from the record first-half 2026 backlog of €10.36 billion, which already reflects multi-year commitments.
Hensoldt stock on European exchanges
On European exchanges, Hensoldt stock is listed in euros and benefits from deep liquidity on platforms such as Tradegate, where a real-time indication of €91.44 on August 20, 2026, shows the shares consolidating after a year-to-date increase of 25.42 percent. A parallel quote on the CBOE venue at €90.10 on August 19, 2026, highlights the tight trading range around the low-€90 level that has emerged following the publication of the latest first-half 2026 figures.
For investors tracking the stock in US dollars, the over-the-counter line with the ticker HNSDF most recently showed a previous close at $84.11, according to a late-July 2026 quote summary that also documented first-quarter 2026 revenue of €496 million and an earnings loss of €19 million. Taken together with the first-half 2026 adjusted EBITDA of €137 million cited in more recent analysis, this sequence indicates that the company moved from a loss-making first quarter to a clearly profitable second quarter, supporting the positive share-price performance seen on European exchanges through mid-August 2026.
Fact box
Company: Hensoldt AG
ISIN: DE000HAG0005
Ticker: HAG
Exchange: Xetra (Germany)
Price (as of August 20, 2026, 11:02 a.m. CET): €91.44
Market cap: €12.50 billion (as of August 20, 2026)
Sector / Industry: Aerospace - Defense Equipment
Index membership: MDAX
