Rheinmetall stock gains 2.43 percent as Q2 sales rise 35.35 percent

Published on 10/05/2026 at 23:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rheinmetall stock was last at EUR 980.20 on October 5, while Q2 EPS came in at EUR 2.66 versus EUR 2.90 a year earlier. The next report is due November 5.

Makroaufnahme einer gerillten Stahlstruktur einer generischen Geschützrohr-Mündung in Nahaufnahme — Rheinmetall AG (DE0007030009) Makroaufnahme einer fein gerillten Stahlstruktur einer generischen Geschützrohr-Mündung in extremer Nahaufnahme, Illustration mit AI erstellt.

Rheinmetall stock (ISIN DE0007030009) was last at EUR 980.20 on Xetra on October 5, 2026, up 2.43 percent from the prior close. The second-quarter report remains the central fundamental reference, with revenue rising 35.35 percent year over year to EUR 3.29 billion.

Q2 sales rise as EPS slips

According to Finanzen on October 5, 2026, Rheinmetall generated EUR 3.29 billion in second-quarter revenue, compared with EUR 2.43 billion in the prior-year quarter. The same report puts earnings per share at EUR 2.66, down from EUR 2.90 in the comparable period.

The contrast matters for investors: sales expanded by EUR 860 million, but quarterly EPS declined by EUR 0.24. The revenue increase shows the scale of demand, while the earnings comparison points to pressure from execution costs, investment and working capital.

Satellite launch broadens the story

Rheinmetall said on October 2, 2026, that its first satellite developed with Argotec reached orbit on October 1 aboard a SpaceX Falcon 9. The project targets satellite-based airspace surveillance and the integration of situational data into defense systems, with another launch scheduled for 2028.

The space program adds a technology milestone to the established defense business, but its financial contribution is not quantified in the release. That makes the November reporting date more important for judging whether the strong revenue trajectory is translating into earnings and cash generation.

Analyst target stays well above price

According to TradingView on October 2, 2026, the consensus rating was Buy across 26 analysts, with 23 Buy ratings, 3 Holds and 0 Sells. The average 12-month price target stood at EUR 1,610.38, with a high of EUR 2,300 and a low of EUR 1,050.

Against the October 5 price of EUR 980.20, the average target lies 64.29 percent above the share price. The market capitalization was EUR 45.7 billion, while the 52-week range stood at EUR 900.20 to EUR 1,972.00.

November results set the next test

Rheinmetall's next quarterly results are scheduled for November 5, 2026, according to the company's financial calendar. The report will give investors a fresh test of revenue growth, profitability and the funding demands behind the expansion.

Rheinmetall shares traded between EUR 951.20 and EUR 982.60 on Xetra on October 5, 2026, with volume of 198,837 shares. The stock remained EUR 991.80 below its 52-week high of EUR 1,972.00.