Rheinmetall stock falls 1.78 percent as AERIE system ships

Published on 10/07/2026 at 13:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rheinmetall stock posted Q2 2026 revenue of EUR 3.29 billion, up 69 percent year over year. Its 2026 sales guidance is EUR 13.7 billion to EUR 14.2 billion.

Bauhaus-Poster mit stilisierten Zahnrädern in Schwarz, Grau und Stahlblau, geometrisch — Rheinmetall AG (DE0007030009) Bauhaus-Poster mit stilisierten Zahnrädern in Schwarz, Grau und Stahlblau, Illustration mit AI erstellt.

Rheinmetall stock (ISIN DE0007030009) was trading at EUR 936.00 on Xetra on October 7, 2026, down 1.78 percent from the prior close. The company also announced the delivery of the containerized AERIE counter-uncrewed aircraft system with Praetorian Aeronautics on October 7, 2026, according to Rheinmetall. The release adds a fresh operational milestone while the share price remains below EUR 1,000.

Q2 growth meets a lower guide

Rheinmetall generated EUR 3.29 billion in revenue in Q2 2026, up 69 percent from the prior-year quarter, while its 2026 sales guidance stands at EUR 13.7 billion to EUR 14.2 billion. These figures and the guidance adjustment were reported by HKCM.

The lower guidance followed cancellation of the F126 frigate program, but the same Q2 report recorded 39 percent first-half revenue growth to EUR 5.23 billion. That combination gives the stock a clear tension between fast demand growth and execution risk.

Operating profit rises sharply

Operating profit reached EUR 562 million in Q2 2026, an increase of 115 percent from the comparable period, while the operating margin reached 17.1 percent, according to Trading Treff. The sharp profit increase supports the earnings case, although the reduced sales range leaves less room for execution setbacks.

The next scheduled checkpoint is the Q3 2026 report on November 5, 2026, followed by the Capital Markets Day from November 25, 2026, according to Rheinmetall.

Analyst target stays above EUR 1,600

Börse Express reports a consensus target of EUR 1,600 from 9 analyst houses, with 8 Buy, 1 Hold and 0 Sell ratings. The target lies 70.9 percent above the Xetra price of EUR 936.00, while Bernstein Research maintains an Outperform rating and a EUR 1,900 target, as reported by Börse Express. Deutsche Bank Research separately kept its Buy rating and EUR 1,800 target on October 6, 2026, according to FinanzNachrichten.de.

Rheinmetall stock trades below EUR 1,000

Rheinmetall stock was last at EUR 936.00 on Xetra at 1:08 p.m. CEST on October 7, 2026. The day range was EUR 932.60 to EUR 962.20, and the 52-week range was EUR 900.20 to EUR 1,966.00.