Rheinmetall stock weighs strong Q2 growth against lower guidance
Published on 09/30/2026 at 16:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Rheinmetall stock (ISIN DE0007030009) was trading at EUR 957.65 at Lang & Schwarz on September 30, 2026 at 4:42 p.m. CEST, down 0.49 percent from the prior close of EUR 962.35. The market is weighing powerful second-quarter growth against a lower full-year revenue outlook.
Growth meets reduced guidance
According to BÖRSE ONLINE on August 31, 2026, Rheinmetall lifted second-quarter revenue by 70 percent to EUR 3.29 billion. Operating profit increased 115 percent to EUR 562 million, showing that production expansion was translating into higher earnings.
The counterweight came from the 2026 outlook. Rheinmetall reduced its revenue guidance to EUR 13.7 billion to EUR 14.2 billion after the F126 frigate program was removed from the planning base, while the operating-margin target stayed at 19 percent, according to BÖRSE ONLINE.
Analyst target stays higher
Berenberg maintained its Buy rating and a EUR 1,600.00 price target on September 24, 2026, as reported by dpa-AFX. That target stands 66.95 percent above the Lang & Schwarz price of EUR 957.65, but the comparison uses two different reference dates and is not a forecast of the daily move.
For investors, execution is now the central test. The company must convert its order backlog into sales while containing working-capital needs and delivery delays, because the lower revenue range shows that contract volume alone does not guarantee near-term growth.
Next results arrive in November
Rheinmetall lists its third-quarter 2026 results for November 5, 2026 and its Capital Markets Day for November 25 to November 27, 2026. Those dates create the next checkpoints for the revised revenue range, the 19 percent margin objective and the pace of capacity expansion.
Rheinmetall operates in the Industrials sector and Aerospace and Defense industry, with its primary listing on Xetra under ticker RHM. Its market capitalization was EUR 44.6 billion as of September 30, 2026, while the 52-week range was EUR 900.20 to EUR 2,008.00.
The further course of trading is shown by the continuously updated real-time quote of Rheinmetall stock.
Rheinmetall stock at a glance
- Company: Rheinmetall AG
- ISIN: DE0007030009
- WKN: 703000
- Ticker: RHM
- Primary exchange: Xetra
- Price Lang & Schwarz as of September 30, 2026, 4:42 p.m. CEST: EUR 957.65
- Change versus prior close: minus 0.49 percent
- Prior close Lang & Schwarz September 29, 2026: EUR 962.35
- Market capitalization: EUR 44.6 billion (as of September 30, 2026)
- 52-week range: EUR 900.20-EUR 2,008.00 (as of September 30, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Next earnings date: November 5, 2026
