Rational stock posts 6 percent half year revenue growth

Published on 10/07/2026 at 13:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bernstein kept an Outperform view and a EUR 1,070 target on October 2, 2026, while 14 analysts average EUR 796.00. Xetra trading stood at EUR 581 on October 7, 2026.

Makroaufnahme einer gebürsteten Edelstahloberfläche mit Wassertropfen — Rational AG (DE0007010803) zeigt in der Makroaufnahme die feine Textur einer gebürsteten Edelstahl-Geräteoberfläche, Illustration mit AI erstellt.

Rational (ISIN DE0007010803) was trading at EUR 581 on Xetra on October 7, 2026 at 12:46 p.m. CEST, up 0.61 percent from the prior close. The latest operating picture is defined by first half 2026 revenue of EUR 642 million and management's continued 2026 margin guidance.

Half year revenue reaches EUR 642 million

According to Yahoo Finance, Rational's revenue grew 6 percent after currency adjustments in the first half of 2026. Second quarter revenue increased 4 percent to EUR 324 million, while first half EBIT rose 11 percent year over year to EUR 170 million.

The EBIT margin reached 26.5 percent, helped by EUR 14 million in U.S. tariff refunds recognized in the second quarter. Management kept its full-year EBIT margin guidance at 25 percent to 26 percent, which makes the quality of that one-time benefit central to the investment case.

China and tariffs temper picture

The regional split is less even than the group figures suggest. According to Yahoo Finance, North American revenue reached EUR 150 million in the first half, up 4 percent, while Asia revenue declined 2 percent and China revenue fell 25 percent.

That weakness is balanced by product momentum. iCombi revenue increased 5 percent to EUR 562 million, while iVario revenue rose 14 percent to EUR 79 million in the first half. The contrast leaves volume growth and regional recovery more important than the headline margin alone.

Analyst targets stay above the share price

Bernstein Research kept its Outperform rating and EUR 1,070 price target on October 2, 2026, as reported by finanzen.ch. Goldman Sachs cut its target from EUR 833 to EUR 831 while retaining Buy, citing China and higher bond yields, according to finanzen.ch.

The published consensus is Outperform across 14 analysts, with an average target of EUR 796.00 and a target range of EUR 585 to EUR 1,070, according to MarketScreener. The average target lies 37.0 percent above the EUR 581 Xetra price, using the same currency.

Rational's next earnings announcement is scheduled for November 5, 2026, followed by its 2026 Capital Markets Day on November 19, 2026, according to Yahoo Finance.

Rational stock trades at EUR 581

Rational stock was trading at EUR 581 on Xetra on October 7, 2026 at 12:46 p.m. CEST. The session range was EUR 568.50 to EUR 584.50, while the 52-week range stood at EUR 560.50 to EUR 776.50.